v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES              
Net loss $ (6,824) $ (6,978) $ 1,991 $ (2,424) $ (13,802) $ (433)  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation         12,177 10,352  
Loss on disposal of assets         263 404  
Loss on extinguishment of debt 1,400   1,018   1,400 1,018 $ 1,400
Loss on termination of cash flow hedge 3,506   0   3,506 0  
Amortization of intangibles 2,500   2,500   4,919 5,102  
Amortization of debt issue costs         112 250  
Amortization of convertible debt discount         864 0  
Non-cash stock-based compensation         4,821 4,452  
Non-cash operating lease expense         4,113 2,218  
Changes in assets and liabilities, net              
Accounts receivable, net         6,498 (13,178)  
Inventories         (6,688) (83)  
Prepaid and other assets         (5,282) (383)  
Prepaid lease asset         (6,084) 0  
Other current assets         (693) (1,897)  
Accounts payable, accrued and other liabilities         (11,175) (6,446)  
Net cash (used in) provided by operating activities         (5,051) 1,376  
CASH FLOWS FROM INVESTING ACTIVITIES              
Purchases of property and equipment         (9,734) (6,637)  
Business acquisition         (37,000) 0  
Acquisition working capital adjustment         0 399  
Investment in non-consolidated affiliate         (13,137) 0  
Net cash used in investing activities         (59,871) (6,238)  
CASH FLOWS FROM FINANCING ACTIVITIES              
Repayment of revolving credit facility         0 (5,000)  
Repayment of equipment financing obligations         (3,059) (3,644)  
Proceeds from term loan         0 100,000  
Repayment of term loan         (97,540) (96,750)  
Cash flow hedge termination         (3,317) 0  
Payments of debt issuance costs         0 (954)  
Issuance of common stock, net         5,469 8,061  
Proceeds from issuance of convertible debt, net of issuance costs         194,376 0  
Proceeds from equity offering, net of issuance costs         127,288 160,774  
Net cash provided by financing activities         223,217 162,487  
Net change in cash, cash equivalents and restricted cash         158,295 157,625  
Cash, cash equivalents and restricted cash, beginning of period   $ 173,016   $ 9,811 173,016 9,811 9,811
Cash, cash equivalents and restricted cash, end of period 331,311   167,436   331,311 167,436 173,016
Cash and cash equivalents 295,281   167,436   295,281 167,436 173,016
Restricted cash, non-current $ 36,030   $ 0   36,030 0 $ 0
Supplemental disclosure of cash flow information:              
Interest paid         1,562 3,178  
Income taxes paid, net         89 235  
Supplemental disclosure of non-cash investing and financing information:              
Working capital adjustment related to acquisition         0 1,977  
Equipment acquired under financing obligations         428 2,702  
Property and equipment included in accounts payable         $ 2,487 $ 970  

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