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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 185,959 $ 128,291 $ 59,926
Adjustments to reconcile net income to net cash provided by operating activities:      
Inventory step-up charges 0 2,130 734
Depreciation and amortization 50,985 38,447 27,067
Amortization of debt discount and issuance costs 1,815 11,530 10,970
Stock-based compensation expense 27,316 27,500 17,007
Contingent consideration expense (28,729) 5,865 0
Deferred income taxes, net (1,352) 6,517 (3,992)
Other (100) 864 267
Changes in operating assets and liabilities, excluding impact of acquisitions:      
Accounts receivable (3,596) (46,523) (20,892)
Inventories (57,204) (89,781) (29,994)
Prepaid expenses and other assets 2,396 (10,192) (4,870)
Operating lease right of use assets (24,549) (4,315) 3,583
Other assets (231) 430 175
Accounts payable (8,197) 19,523 2,462
Accrued expenses (2,019) 23,196 1,037
Operating lease liability 28,623 6,958 (1,964)
Long-term liabilities 966 (1,424) 1,109
Total cash provided by operating activities 172,083 119,016 62,625
Cash flows from investing activities:      
Purchase of marketable securities held to maturity (100,000) 0 0
Additions to capitalized software costs (3,512) (4,187) (3,889)
Acquisitions, net of cash acquired 0 (149,893) (175,041)
Purchases of property, plant and equipment (84,834) (67,089) (22,455)
Purchase of intellectual property (45,000) 0 0
Other investing activities 110 0 0
Total cash used in investing activities (233,236) (221,169) (201,385)
Cash flows from financing activities:      
Proceeds from issuance of common stock, net of issuance costs 0 0 297,775
Proceeds from exercise of stock options 3,707 3,879 8,151
Repayment of Convertible Senior Notes (26) (21) 0
Payment of tax withholding obligation on vesting of restricted stock (17,018) (2,897) (10)
Total cash (used in) provided by financing activities (13,337) 961 305,916
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5,866) (12,286) 12,729
Net (decrease) increase in cash, cash equivalents and restricted cash (80,356) (113,478) 179,885
Cash, cash equivalents and restricted cash, beginning of period 603,814 717,292 537,407
Cash and cash equivalents, end of period 523,458 603,814 717,292
Supplemental disclosure of cash flow information:      
Income taxes paid 34,365 16,515 10,279
Interest paid 1,033 1,066 1,066
Supplemental disclosure of non-cash investing and financing activities:      
Assets acquired under operating leases 29,126 85,312 3,349
ARTeSYN Biosolutions Holdings Ireland Limited      
Supplemental disclosure of non-cash investing and financing activities:      
Fair value of earnouts related to acquisition 0 0 69,422
Avitide, Inc.      
Adjustments to reconcile net income to net cash provided by operating activities:      
Contingent consideration expense 28,700 5,900  
Supplemental disclosure of non-cash investing and financing activities:      
Fair value of common stock issued for acquisition 0 82,968 0
Fair value of earnouts related to acquisition $ 0 $ 94,238 $ 0