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CONSOLIDATED STATEMENTS OF CASH FLOWS
€ in Thousands, £ in Thousands, SFr in Thousands, RM in Thousands, $ in Thousands, $ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss after equity in losses from unconsolidated affiliates $ (19,889) $ (1,148) $ (14,752)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Depreciation and amortization 13,966 13,555 11,385
Non-cash impact of operating leases 2,738 2,136 1,985
Deferred income tax benefit (4,698) (4,464) (1,541)
Stock-based compensation 16,004 18,263 9,490
Provision for credit losses on convertible note receivable 3,899 0 0
Change in fair value of contingent consideration (1,641) (1,607) 0
Equity in losses of unconsolidated affiliates 1,465 1,280 720
Accretion of discounts and issuance costs 36 60 3,090
Provision for credit losses 0 353 614
Other losses (gains) 1,759 1,266 (91)
Changes in operating assets and liabilities (net of effect of acquisitions):      
Accounts receivable (1,494) 2,193 (5,755)
Inventories (13,981) (14,905) (5,409)
Lease receivables (9,078) (5,902) (611)
Other assets (1,887) (4,329) 340
Accounts payable 1,428 662 (280)
Other liabilities (10,440) (1,166) 159
Net cash (used in) provided by operating activities (21,813) 6,247 (656)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Promissory note receivable issuance (4,700) (9,000) 0
Convertible note receivable issuance 0 0 (6,650)
Purchase of minority interest 0 0 (450)
Purchases of property and equipment (2,114) (1,768) (686)
Proceeds from disposition of property and equipment 0 412 10
Net cash used in investing activities (35,770) (35,001) (126,597)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 3,191 169,230 4,273
Payments for taxes related to shares withheld for employee taxes (5,269) (1,629) (1,477)
Payment of stock issuance costs 0 (314) (214)
Proceeds from issuance of preferred stock 0 0 122,000
Payments of related party debts 0 0 (1,140)
Borrowings on line of credit and other debts 0 7 613
Repayments of line of credit borrowings and other debts (203) (890) (291)
Notes Payable (4,770) 0 0
Net cash (used in) provided by financing activities (7,051) 166,404 123,764
FOREIGN EXCHANGE EFFECT ON CASH AND CASH EQUIVALENTS (2,322) (410) 793
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (66,956) 137,240 (2,696)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 223,574 86,334 89,030
CASH AND CASH EQUIVALENTS, END OF YEAR 156,618 223,574 86,334
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Non-cash transfers of equipment between inventory and property and equipment, net 2,563 4,600 4,437
Non-cash conversion of preferred stock to common stock 0 0 122,000
Contingent Consideration For Acquisitions 3,860 4,034 0
Note Payable Issued In Acquisition 0 15,900 0
Indemnity Holdback For Acquisition 1,420 346 0
VetZ GmbH      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of scil, net of cash acquired (28,956) 0 0
Biotech Laboratories U.S.A. LLC      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of scil, net of cash acquired 0 (16,250) 0
BiEsseA s.r.1.      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of scil, net of cash acquired 0 (4,513) 0
Lacuna Diagnostics, Inc.      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of scil, net of cash acquired 0 (3,882) 0
Scil Animal Care Company      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of scil, net of cash acquired 0 0 (104,401)
CVM      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of scil, net of cash acquired $ 0 $ 0 $ (14,420)