v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 43,631 $ (1,712)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 59,525 65,295
Non-cash interest 7,164 7,639
Amortization of deferred financing costs 603 626
Losses from investments in investees 163 433
Equity-based compensation – employees and non-employees 9,929 6,777
Non-cash revenue from the transfer of intellectual property (3,801) 0
Realized loss (gain) on disposal of fixed assets and sales of equity securities (35,484) (10,172)
Loss on conversion of the 2025 Notes 11,111 0
Change in fair value of equity securities and derivative instruments 1,919 1,253
Change in fair value of contingent consideration (1,556) 1,334
Deferred income tax provision 2,378 1,974
Changes in assets and liabilities:    
Accounts receivable, net 27,934 (107,255)
Inventory, net 14,254 (60,565)
Other current assets and prepaid expenses (13,738) 13,111
Other assets 1,015 (270)
Accounts payable (4,746) 3,261
Foreign currency measurement 2,382 (782)
Contract liabilities (13,016) (4,717)
Accrued expenses and other liabilities (65,687) 88,988
Net cash provided by operating activities 43,980 5,218
Cash flows from investing activities:    
Proceeds from sale of investments 8,079 15,110
Acquisition of businesses, net of cash (4,000) 0
Proceeds from the sale of property, plant and equipment 65,975 192
Capital expenditures (25,426) (26,885)
Net cash provided by (used in) investing activities 44,628 (11,583)
Cash flows from financing activities:    
Debt issuance costs (188) 0
Proceeds from the exercise of common stock options and warrants 879 669
Borrowings on lines of credit 1,326,641 699,079
Repayments of lines of credit (1,338,515) (742,932)
Net cash used in financing activities (11,183) (43,184)
Effect of exchange rate changes on cash and cash equivalents (1,037) 391
Net increase (decrease) in cash and cash equivalents 76,388 (49,158)
Cash and cash equivalents at beginning of period 72,211 85,452
Cash and cash equivalents at end of period 148,599 36,294
SUPPLEMENTAL INFORMATION:    
Interest paid 8,386 10,657
Income taxes paid, net of refunds 5,509 148
Shares issued upon the conversion of:    
2025 Convertible Notes $ 68,775 $ 0

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