v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,710 $ 2,287
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 15,200 11,477
Loss on disposal of assets 451 278
Loss on extinguishment of debt 1,018 0
Amortization of intangibles 7,482 4,255
Amortization of debt issue costs 323 392
Non-cash stock based compensation 7,727 5,148
Non-cash operating lease expense 3,224  
Changes in assets and liabilities, net    
Accounts receivable, net (14,219) (2,267)
Inventories (3,982) 644
Prepaid assets (1,013) (559)
Other current assets (381) (1,749)
Accounts payable, accrued and other liabilities 2,470 9,427
Net cash provided by operating activities 20,010 29,333
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (13,953) (11,091)
Acquisition adjustment 399 0
Net cash used in investing activities (13,554) (11,091)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on revolving credit facility 0 10,000
Repayment of revolving credit facility (5,000) (35,400)
Redemption of preferred stock 0 (50,096)
Repayment of equipment and other loans (5,481) (4,774)
Proceeds from term loan 100,000 30,000
Repayment of term loan (96,750) (3,187)
Payments of debt issue costs (1,051) (576)
Issuance of common stock, net 10,132 6,535
Proceeds from equity offering, net 160,774 134,910
Net cash provided by financing activities 162,624 87,412
Effects of foreign exchange rate changes on cash and cash equivalents 0 (35)
Net change in cash and cash equivalents 169,080 105,619
Cash and cash equivalents, beginning of period 9,811 12,821
Cash and cash equivalents, end of period 178,891 118,440
Supplemental disclosure of cash flow information:    
Cash paid for operating lease liabilities 2,878  
Interest paid 4,295 4,722
Income taxes paid (refunded), net 316 (76)
Supplemental disclosure of non-cash investing and financing information:    
Working capital adjustment related to acquisition 1,977 0
Equipment acquired under loan obligations 3,665 7,569
Property and equipment included in accounts payable $ 810 $ 571

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