v3.19.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (43,404) $ 214,389
Net loss from discontinuing operations (2,017) (3,455)
Net income (loss) from continuing operations (41,387) 217,844
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation expense 9,099 8,739
Amortization expense of assets and liabilities, net 4,441 368
Gain on involuntary conversion 0 (4,000)
Accretion of convertible note discount 1,095 1,357
Amortization of marketable securities (129) 0
Change in fair value of contingent consideration 304 458
Gain on sale of assets 0 (990)
Loss on debt extinguishment 2 232
Provision (benefit) for doubtful accounts (300) 314
Stock compensation expense 1,353 1,794
Deferred tax expense (432) (1,487)
Other operating activities 77 10
Changes in assets and liabilities:    
Accounts receivable, net (30,516) (375,715)
Inventories (52,009) (35,891)
Prepaid expenses and other assets 9,342 26,582
Accounts payable (8,618) 152,833
Accrued expenses and other liabilities (5,352) (16,046)
Operating lease obligations (3,141)  
Deferred revenue 13,016 (479)
Net cash flows used in operating activities - continuing operations (103,155) (24,077)
Net cash flows used in operating activities - discontinuing operations (2,770) (4,571)
Cash used in operating activities (105,925) (28,648)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for marketable securities (3,478) 0
Cash received from maturities of marketable securities 37,084 0
Cash receipts for involuntary conversion 0 4,000
Cash paid for purchase of property, plant and equipment (8,235) (16,487)
Cash receipts for sale of assets 0 1,630
Cash paid for investments (57) 0
Net cash flows provided by (used in) investing activities - continuing operations 25,314 (10,857)
Net cash flows used in investing activities - discontinuing operations 0 (336)
Cash provided by (used in) investing activities 25,314 (11,193)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings on revolving line of credit 84,754 40,514
Borrowings on other lines of credit 15,649 12,358
Repayments on other lines of credit (11,908) (12,992)
Cash received from notes payable 0 10,890
Cash paid on notes payable (2,004) (8,018)
Cash paid for debt issuance costs (45) (78)
Cash paid for treasury stock 0 (7,828)
Cash paid for contingent consideration settlement (3,316) (2,813)
Cash received on partial termination of capped call options 0 85
Cash paid for conversion of restricted stock units and stock appreciation rights (2,931) (793)
Net cash flows provided by financing activities - continuing operations 80,199 31,325
Net cash flows used in financing activities - discontinuing operations 0 0
Cash provided by financing activities 80,199 31,325
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (412) (8,516)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, Beginning of period 126,575 77,627
Effect of exchange rate changes on cash (101) 179
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, End of period 126,062 69,290
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:    
Cash paid for income taxes 204 0
Cash paid for interest 849 1,154
Leased assets obtained in exchange for new operating lease liabilities 1,562 0
Amounts included in period-end accounts payable for:    
Purchases of property, plant and equipment 2,165 7,123
Debt issuance cost $ 0 $ 52

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