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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ (76,668) $ 1,016
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 67,467 7,235
Amortization of debt issuance cost 291  
(Gain) loss on investments, net (4,530) 7,882
Stock-based compensation expense 8,103 3,781
Deferred income taxes (31,962) (93)
Other, net 130 27
Inventory reserves 20,885 (4,296)
Changes in operating assets and liabilities:    
Accounts receivable, net 40,975 (14,315)
Other receivables 561 2,606
Inventory (6,920) (53,982)
Prepaid expenses, other current assets and other assets 7,105 671
Accounts payable (67,923) 42,968
Accrued expenses and other liabilities 110 2,179
Income taxes payable, net 6,216 (1,597)
Net cash used in operating activities (36,160) (5,918)
Cash flows from investing activities:    
Purchases of property, plant and equipment (20,118) (3,285)
Proceeds from sales and maturities of available-for-sale investments 2,074 25,071
Purchases of available-for-sale investments (580) (17,002)
Proceeds from beneficial interests in securitized accounts receivable 1,156  
Net cash (used in) provided by investing activities (17,468) 4,784
Cash flows from financing activities:    
Tax withholdings related to stock-based compensation settlements (6,315) (333)
Proceeds from stock option exercises 163 636
Dividend payments (14,156) (8,877)
Proceeds from draw on revolving credit agreements 163,729 28,000
Repayment of revolving credit agreements (49,155) (28,000)
Non-controlling interest put option buyback (1,202)  
Repayment of notes payable (24,885)  
Net cash provided by (used in) financing activities 68,179 (8,574)
Net increase (decrease) in cash and cash equivalents 14,551 (9,708)
Effect of exchange rate changes 1,099 (3,742)
Cash and cash equivalents, beginning of period 108,644 56,818
Cash and cash equivalents, end of period 124,294 43,368
Supplemental disclosure of cash financing activities:    
Cash paid for interest 4,719 124
Cash used in operating activities related to operating leases 5,082 915
Supplemental disclosure of non-cash investing activities:    
Right-of-use assets obtained in exchange for lease obligations 515 552
Purchases of property, plant and equipment included in accounts payable $ 2,662 $ 818