XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net Income (Loss) $ 67,065 $ 137,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,942 36,605
Amortization of debt issuance costs 1,373 1,360
Stock-based compensation 19,110 21,054
Deferred income taxes, net (9,756) 1,722
Contingent consideration (31,266) (11,604)
Non-cash interest income (2,023) 0
Other 861 210
Changes in operating assets and liabilities, excluding impact of acquisitions:    
Accounts receivable 8,315 (8,609)
Inventories 25,979 (64,308)
Prepaid expenses and other assets (10,733) 168
Operating lease right of use assets 10,203 (22,033)
Other assets (707) (298)
Accounts payable (8,619) (10,124)
Accrued expenses (28,294) 3,043
Operating lease Liabilities (7,676) 26,157
Long-term liabilities 79 (372)
Total cash provided by operating activities 84,853 110,201
Cash flows from investing activities:    
Acquisitions, net of cash acquired (27,843) 0
Proceeds from maturity of marketable securities held to maturity 102,323 0
Additions to capitalized software costs (2,736) (2,568)
Purchases of property, plant and equipment (25,135) (64,390)
Purchase of intellectual property 0 (45,000)
Other investing activities 21 30
Total cash provided by (used in) investing activities 46,630 (111,928)
Cash flows from financing activities:    
Proceeds from exercise of stock options 356 2,784
Payment of tax withholding obligation on vesting of restricted stock (12,178) (15,829)
Repayment of Convertible Senior Notes (33) (18)
Payment of earnout consideration (7,298) 0
Proceeds from issuance of common stock, net (13) 0
Total cash used in financing activities (19,166) (13,063)
Effect of exchange rate changes on cash and cash equivalents (4,996) (15,661)
Net increase (decrease) in cash and cash equivalents 107,321 (30,451)
Cash, cash equivalents and restricted cash, beginning of period 523,458 603,814
Cash and cash equivalents, end of period 630,779 573,363
Supplemental disclosure of non-cash investing and financing activities:    
Assets acquired under operating leases 1,129 25,705
FlexBiosys, Inc.    
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of common stock issued for acquisition 5,465 0
Avitide, Inc.    
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of contingent consideration earnouts related to acquisition $ 7,229 $ 0