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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 59,926 $ 21,411 $ 16,617
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 27,067 20,868 15,778
Amortization of debt discount and issuance costs 10,970 7,536 4,248
Stock-based compensation expense 17,007 12,847 10,192
Deferred income taxes, net (3,992) (624) 71
Loss on extinguishment of debt   5,650  
Other 267 663 (3)
Changes in operating assets and liabilities, excluding impact of acquisitions:      
Accounts receivable (21,020) (7,726) (6,101)
Royalties and other receivables 128 (104) 7
Unbilled receivables 456 2,146 (2,602)
Inventories (29,260) (9,314) (4,042)
Prepaid expenses and other assets (4,870) (595) (1,769)
Operating lease right of use assets 3,583 (4,662)  
Other assets (281) (66)  
Accounts payable 2,462 662 2,266
Accrued expenses 1,037 13,096 (1,398)
Operating lease liability (1,964) 5,447  
Long-term liabilities 1,109 (19) (494)
Total cash provided by operating activities 62,625 67,216 32,770
Cash flows from investing activities:      
Additions to capitalized software costs (3,889) (4,650) (2,147)
Developed technology intangible asset payment     (1,255)
Acquisition of assets, net of cash acquired (175,041) (182,154)  
Purchases of property, plant and equipment (22,455) (18,504) (10,635)
Total cash used in investing activities (201,385) (205,308) (14,037)
Cash flows from financing activities:      
Proceeds from issuance of senior convertible notes, net of issuance costs   278,466  
Proceeds from issuance of common stock, net of issuance costs 297,775 320,713  
Exercise of stock options 8,151 1,167 3,418
Repayment of senior convertible notes   (114,989) (11)
Payment of tax withholding obligation on vesting of restricted stock (10) (490)  
Total cash provided by financing activities 305,916 484,867 3,407
Effect of exchange rate changes on cash, cash equivalents and restricted cash 12,729 (3,190) (2,077)
Net increase in cash, cash equivalents and restricted cash 179,885 343,585 20,063
Cash, cash equivalents and restricted cash, beginning of period 537,407 193,822 173,759
Cash, cash equivalents and restricted cash, end of period 717,292 537,407 193,822
Supplemental disclosure of cash flow information:      
Income taxes paid 10,279 6,505 4,046
Interest paid 1,066 1,484 2,444
Supplemental disclosure of non-cash investing and financing activities:      
Assets acquired under operating leases 3,349 8,663  
Fair value of 2,316,229 shares of common stock issued for conversion of convertible notes   198,757  
Non-cash effect of adoption of ASU 2016-16     5,609
Property, plant and equipment related to lease incentives     $ 2,270
C Technologies Inc      
Supplemental disclosure of non-cash investing and financing activities:      
Fair value of common stock issued for acquisition   $ 53,938  
ARTeSYN Biosolutions Holdings Ireland Limited      
Supplemental disclosure of non-cash investing and financing activities:      
Fair value of common stock issued for acquisition $ 69,422