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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 32,507 $ (3,274)
Adjustments to reconcile net income (loss) to net cash from operating    
Depreciation of property and equipment 1,416 690
Amortization of capitalized software 404 0
Provision for doubtful accounts 229 19
Amortization of right-of-use assets 1,055 0
Amortization of intangible assets 3,174 2,921
Amortization of other assets 135 33
Amortization of deferred financing costs 0 394
Stock-based compensation 7,049 34
Loss on sale and disposal of assets 829 0
In-kind interest 0 2,182
Deferred income tax benefit 0 (842)
Change in fair value adjustment of warrant liabilities (52,052) 0
Amortization of debt issuance costs 1,057 0
Changes in operating assets and liabilities:    
Accounts receivable (14,152) (8,457)
Prepaid expense and other current assets (2,052) (975)
Income taxes receivable 3,342 217
Inventory (11,875) 1,411
Other assets (1,587) (1,182)
Accounts payable (2,664) 3,067
Accrued payroll and other expenses (8,252) 5,018
Other long-term liabilities 11 (81)
Lease liabilities (954) 0
Income taxes payable 3,909 86
Net cash (used in) provided by operating activities (38,471) 1,261
Cash flows used in investing activities:    
Capital expenditures for intangible assets (276) (170)
Capital expenditures for property and equipment (3,149) (818)
Net cash used in investing activities (3,425) (988)
Cash flows from financing activities:    
Payment of contingent consideration from acquisition of business (783) 0
Proceeds from revolving facility 0 5,000
Repayment of term loan 0 (443)
Payments for transaction costs 0 (180)
Net cash (used in) provided by financing activities (783) 4,377
Net (decrease) increase in cash and cash equivalents (42,679) 4,650
Effect of foreign currency translation on cash 30 (21)
Cash and cash equivalents, beginning of period 901,886 9,486
Cash and cash equivalents, end of period 859,237 14,115
Supplemental disclosures of cash flow information and non-cash investing and financing activities:    
Cash paid for interest 5,130 3,123
Cash received for income taxes 3,645 0
Capital expenditures included in accounts payable 647 863
Deferred unpaid offering costs $ 0 $ 2,203