Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 161,205 $ 95,645
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation expense 33,100 27,425
Amortization expense of assets and liabilities, net 15,014 12,026
Accretion of convertible note discount 247 652
Amortization of marketable securities 2,436 366
Gain on sale of property, plant and equipment (39) (187)
(Gain) loss on debt extinguishment 4,449 (1,809)
Provision for doubtful accounts 615 716
Impairment of assets 5,236 19,256
Stock compensation expense 5,770 5,033
Deferred tax expense 2,831 2,092
Gain on lease termination 0 (4,459)
Other operating activities 122 3
Changes in assets and liabilities:    
Accounts receivable, net (54,274) 670,395
Inventories (164,762) 15,445
Prepaid expenses and other assets (34,543) (36,827)
Accounts payable (17,757) (228,748)
Accrued expenses and other liabilities 11,035 (12,185)
Operating lease obligations (11,973) (11,489)
Deferred revenue (2,117) 1,034
Cash (used in) provided by operating activities (43,405) 554,384
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for marketable securities (419,417) (305,726)
Cash received from maturities of marketable securities 227,486 19,000
Cash paid for purchase of property, plant and equipment (63,117) (46,945)
Other investing activities (1,501) 187
Cash used in investing activities (256,549) (333,484)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net repayments on revolving line of credit 0 (76,990)
Cash received from notes payable 550,000 0
Cash paid on notes payable (78,058) (91,590)
Cash paid for debt issuance costs (13,010) 0
Cash received from equity offering 385,250 0
Cash paid for equity offering costs (19,970) 0
Cash paid for conversion of restricted stock units and stock appreciation rights (21,943) (5,649)
Cash provided from (used in) financing activities 802,269 (174,229)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 502,315 46,671
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, Beginning of period 88,218 53,436
Effect of exchange rate changes on cash (402) 80
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, End of period 590,131 100,187
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:    
Cash paid for income taxes 4,685 15
Cash paid for interest 4,254 4,651
Capitalized interest 289 0
Leased assets obtained in exchange for new operating lease liabilities 19,038 3,807
Amounts included in period-end accounts payable for:    
Purchases of property, plant and equipment 15,140 5,497
Debt issuance cost $ 1,892 $ 0