v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (22,114) $ (6,978)  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 6,680 6,240  
Amortization of intangibles 2,458 2,452  
Non-cash stock-based compensation 2,653 2,186  
Non-cash operating lease expense 1,862 2,021  
Amortization of convertible debt discount 593 0  
Amortization of debt issue costs 43 70  
Unrealized loss on investment in non-consolidated affiliate 5,024 0  
Interest receivable on loan receivable from non-consolidated affiliate (209) 0  
Write-off of COVID-19 PCR testing inventory and equipment 6,061 0  
Other non-cash items 548 17  
Changes in assets and liabilities, net      
Accounts receivable, net 3,921 (5,722)  
Inventories 2,845 (5,348)  
Prepaid lease asset (823) (3,316)  
Prepaid and other assets (794) 254  
Accounts payable, accrued and other liabilities (6,538) 1,191  
Net cash provided by (used in) operating activities 2,210 (6,933)  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of marketable securities (137,776) 0  
Proceeds from sales and maturities of marketable securities 13,919 0  
Purchases of property and equipment (15,831) (4,708)  
Business acquisition 0 (37,000)  
Loan receivable from non-consolidated affiliate (15,000) 0  
Net cash used in investing activities (154,688) (41,708)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Repayment of equipment financing obligations (1,091) (1,598)  
Repayment of term loan 0 (1,250)  
Issuance of common stock, net 2,617 3,465  
Proceeds from issuance of convertible debt, net of issuance costs 334,410 0  
Premiums paid for capped call confirmations (29,291) 0  
Proceeds from equity offering, net of issuance costs 218,290 0  
Net cash provided by financing activities 524,935 617  
Net change in cash, cash equivalents and restricted cash 372,457 (48,024)  
Cash, cash equivalents and restricted cash, beginning of period 250,632 173,016 $ 173,016
Cash, cash equivalents and restricted cash, end of period 623,089 124,992 250,632
Cash and cash equivalents 611,970 86,254 228,713
Restricted cash 11,119 38,738 $ 21,919
Supplemental disclosure of cash flow information:      
Interest paid 41 1,136  
Income taxes (refunded) paid, net (49) 2  
Supplemental disclosure of non-cash investing and financing information:      
Property and equipment included in accounts payable $ 2,081 $ 1,844  

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