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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash Flows from Operating Activities:    
Net loss $ (196,799) $ (320,024)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 74,263 91,181
Non-cash restructuring charges and related costs 2,893 17,194
Amortization of debt discount and issuance costs 20,475 14,107
Operating lease expense 14,123 25,922
Stock-based compensation expense 36,542 31,565
Other, net 3,891 579
Changes in assets and liabilities:    
Accounts receivable 55,252 27,521
Inventory 63,201 (23,339)
Prepaid expenses and other assets (25,479) (53,470)
Accounts payable (117,824) 16,487
Accrued liabilities and other expenses (73,509) 23,190
Deferred revenue (21,545) (8,073)
Net cash used in operating activities (164,516) (157,160)
Cash Flows from Investing Activities:    
Proceeds from sale of non-marketable equity investments 0 1,009
Proceeds from maturities of investments 0 26,584
Acquisition of business, net of cash acquired 0 (10,000)
Proceeds from sale of assets 0 778
Purchase of property and equipment, net (27,148) (28,331)
Net cash used in investing activities (27,148) (9,960)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock from at-the-market equity offering, net of issuance costs of $954 31,022 0
Proceeds from issuance of 2027 Notes 194,500 0
Proceeds from revolving line of credit 55,000 37,334
Repayment of revolving line of credit (8,000) 0
Repayment of third party manufacturing funding (5,346) 0
Payment of debt issuance cost (2,437) (124)
Repayment of mortgage payable (233) (197)
Principal payments on financing lease obligations (1,050) 0
Proceeds from issuance of common stock 15,352 12,053
Minimum tax withholding paid on behalf of employees for net share settlement (1,959) (393)
Net cash provided by financing activities 276,849 48,673
Effect of exchange rate changes on cash and restricted cash (2,198) (3,260)
Net change in cash, cash equivalents and restricted cash 82,987 (121,707)
Cash, cash equivalents and restricted cash at beginning of period 132,797 242,337
Cash, cash equivalents and restricted cash at end of period [1] 215,784 120,630
Supplemental disclosures of cash flow information:    
Cash paid (refund) for income taxes, net (4,962) 15,924
Cash paid for interest 14,415 13,369
Supplemental schedule of non-cash investing and financing activities:    
Unpaid debt issuance cost 31 1,931
Third-party manufacturer funding for transfer expenses incurred 0 6,541
Transfer of inventory to fixed assets 453 2,440
Restricted Cash and Cash Equivalents [Abstract]    
Total cash, cash equivalents and restricted cash [1] 215,784 $ 120,630
Stock issuance costs $ 954  
[1] Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:
September 26,
2020
September 28,
2019
 (In thousands)
Cash and cash equivalents$196,546 $94,804 
Short-term restricted cash4,503 — 
Long-term restricted cash14,735 25,826 
Total cash, cash equivalents and restricted cash$215,784 $120,630