Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows

v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net loss $ (76,299) $ (111,575)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Amortization and depreciation 22,366 30,284
Amortization of debt issuance costs and accretion of discounts 1,001 1,353
Stock-based compensation 36,024 34,420
Deferred income taxes (6,355) (4,738)
Loss on disposal of property and equipment 900 445
Impairment of leased right-of-use assets 427 2,738
Gain on extinguishment of lease liabilities 0 (553)
(Gain) loss on foreign currency 5,461 (1,366)
Excess tax benefits on stock-based awards (2,274) (1,519)
Changes in operating assets and liabilities:    
Accounts receivable (20,354) 85,679
Inventory 4,312 5,170
Prepaid expenses and other assets 4,480 (763)
Accounts payable, accrued expenses and other current liabilities 29,141 (12,271)
Accrued compensation 11,849 2,852
Accrued price protection liability (3,881) (10,054)
Lease liabilities (5,777) (5,045)
Other long-term liabilities (1,932) (1,783)
Net cash provided by (used in) operating activities (911) 13,274
Investing Activities    
Purchases of property and equipment (3,161) (11,355)
Purchases of intangible assets (6,207) (3,143)
Net cash used in investing activities (9,368) (14,498)
Financing Activities    
Net proceeds from issuance of common stock 2,140 1,579
Minimum tax withholding paid on behalf of employees for restricted stock units (2,201) (1,656)
Net cash used in financing activities (61) (77)
Effect of exchange rate changes on cash and cash equivalents 990 (918)
Decrease in cash, cash equivalents and restricted cash (9,350) (2,219)
Cash, cash equivalents and restricted cash at beginning of period 119,603 188,356
Cash, cash equivalents and restricted cash at end of period 110,253 186,137
Supplemental disclosures of cash flow information:    
Cash paid for interest 4,322 4,952
Cash paid for income taxes 2,994 3,421
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 5,163 $ 10,992