v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (31,382) $ (56,427)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 1,153 4,687
Provision for bad debts and product returns 2,439 1,436
Insurance proceeds related to operating activities (1,993)  
Change in fair value of warrant liability (2,523)  
Provision for inventory write-downs 4,367 1,947
Revenue recognized due to change in deferred revenue   (2,375)
Deferred income tax benefit   (3,614)
Income taxes payable (13,326)  
Stock-based compensation 2,349 2,344
Asset impairment and abandonments 4,382 2,761
Gain on acquisition contingency (2,287) (130)
Loss on sale of discontinued operations 6,316  
Paid in kind interest expense   3,434
Bargain purchase gain (90)  
Amortization of debt issuance costs   283
Amortization of debt discount   2,479
Derivative loss   12,641
Other (33) 131
Change in assets and liabilities:    
Accounts receivable (3,777) 10,950
Inventories (9,111) 1,062
Accounts payable (3,818) 7,459
Accrued expenses 23,605 (4,420)
Deferred revenue   2,955
Right-of-use asset and lease liability (3,165)  
Other operating assets and liabilities (19,253) (2,192)
Net cash used in operating activities (46,147) (14,589)
Cash flows from investing activities:    
Payments for OEM working capital adjustment (5,430)  
Purchases of property and equipment (4,952) (7,315)
Business acquisitions, net of cash acquired (330)  
Patent and acquired intangible asset costs (311) (419)
Net cash used in investing activities (11,023) (7,734)
Cash flows from financing activities:    
Share offering proceeds, net 82,326  
Proceeds from exercise of common stock options 23 20
Proceeds from long-term obligations   72,829
Payments of debt issuance costs   (1,740)
Payments on long-term obligations   (51,962)
Payments for treasury stock (133) (212)
Net cash provided by financing activities 82,216 18,935
Effect of exchange rate changes on cash and cash equivalents 249 9
Net increase (decrease) in cash and cash equivalents 25,295 (3,379)
Cash and cash equivalents, beginning of period 43,962 5,608
Cash and cash equivalents, end of period 69,257 2,229
Supplemental cash flow disclosure:    
Cash paid for interest   4,082
Net income tax payments (refunds) 15,481 (1,962)
Non-cash acquisition of property and equipment 629 342
Non-cash common stock issuance - Prompt $ 221  
Non-cash embedded derivative associated with Ares   $ 10,379

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