v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (6,978) $ (2,424)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,240 5,271
Loss on disposal of assets 17 156
Amortization of intangibles 2,452 2,559
Amortization of debt issue costs 70 150
Non-cash stock-based compensation 2,186 2,139
Non-cash operating lease expense 2,021 1,141
Changes in assets and liabilities, net    
Accounts receivable, net (5,722) (5,795)
Inventories (5,348) (1,019)
Prepaid assets 270 (250)
Prepaid lease asset (3,316) 0
Other current assets (16) (265)
Accounts payable, accrued and other liabilities 1,191 4,434
Net cash (used in) provided by operating activities (6,933) 6,097
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (4,708) (3,196)
Business acquisition (37,000) 0
Net cash used in investing activities (41,708) (3,196)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of equipment financing obligations (1,598) (1,797)
Repayment of term loan (1,250) (1,968)
Issuance of common stock, net 3,465 4,248
Net cash provided by financing activities 617 483
Net change in cash, cash equivalents and restricted cash (48,024) 3,384
Cash, cash equivalents and restricted cash, beginning of period 173,016 9,811
Cash, cash equivalents and restricted cash, end of period 124,992 13,195
Cash and cash equivalents 86,254  
Restricted cash, non-current 38,738 0
Supplemental disclosure of cash flow information:    
Interest paid 1,136 1,696
Income taxes paid, net 2 8
Supplemental disclosure of non-cash investing and financing information:    
Equipment acquired under financing obligations 0 2,003
Property and equipment included in accounts payable $ 1,844 $ 1,175

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