XML 19 R7.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES:    
Net loss $ (185,589) $ (23,665)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 38,345 41,386
Deferred income tax benefit (20,129) (2,488)
Share-based compensation 7,196 8,336
Asset impairment charges 198,000 15,607
Gain on sale/disposal of assets (26) (821)
Loss on extinguishment of debt   2,145
Amortization of debt discount and other debt issuance costs 9,073 11,001
Provision for inventory write-downs 23,613 8,486
Other noncash expenses 853 1,387
Changes in assets and liabilities which provided (used) cash:    
Accounts receivable, net 10,997 (15,604)
Inventories 6,180 (470)
Income taxes receivable/payable (25,420) (10,472)
Other assets (1,423) 3,006
Rebates payable (6,327) (2,871)
Royalties payable (6,322) 5,147
Restructuring liability 15 (2,254)
Operating lease liability 52 (1,005)
Accounts payable 70 20,341
Accrued expenses (10,937) 1,366
Accrued payroll and payroll-related expenses (6,546) (6,803)
Other liabilities 2,530 (1,374)
Net cash provided by operating activities 34,205 50,381
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (6,599) (13,105)
Proceeds from sale of property, plant and equipment 51 7,332
Advance to VIE   (250)
Purchases of intangible assets (4,500) (27,750)
Net cash used in investing activities (11,048) (33,773)
FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt   86,250
Purchase of capped call   (7,072)
Repayments of long-term debt (78,353) (129,989)
Proceeds from issuance of stock 552 778
Payment of debt issuance costs (2,390) (3,489)
Purchase of treasury stock (1,029) (1,854)
Net cash used in financing activities (81,220) (55,376)
Effect on cash and cash equivalents of changes in foreign exchange rates 24 (26)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (58,039) (38,794)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 144,329 140,249
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 86,290 101,455
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 30,670 39,554
Income taxes paid (refunded) (23,052) 7,775
Accrued purchases of property, plant and equipment $ 803 $ 2,023