Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.22.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 65,552 $ 4,535
Adjustments to reconcile net income to cash provided by operating activities:    
Amortization and depreciation 43,449 44,322
Amortization of debt issuance costs and accretion of discounts 957 2,071
Stock-based compensation 38,023 26,921
Deferred income taxes 7,359 (5,461)
Loss on disposal of property and equipment 164 388
Unrealized holding gain on investments (3,859) 0
Impairment of leasehold improvements 0 226
Impairment of leased right-of-use assets 462 429
Loss on extinguishment of debt 0 5,221
(Gain) loss on foreign currency (2,675) 408
Excess tax benefits on stock-based awards (9,429) (4,631)
Changes in operating assets and liabilities:    
Accounts receivable (16,969) (67,879)
Inventory (14,728) (596)
Prepaid expenses and other assets 1,828 33,448
Leased right-of-use assets 0 72
Accounts payable, accrued expenses and other current liabilities 62,621 6,311
Accrued compensation 21,355 15,233
Accrued price protection liability 70,797 6,955
Lease liabilities (5,511) (4,347)
Other long-term liabilities (1,793) 4,497
Net cash provided by operating activities 257,603 68,123
Investing Activities    
Purchases of property and equipment (15,506) (17,310)
Purchases of intangible assets (5,204) (1,112)
Cash used in acquisitions, net of cash acquired 0 (27,500)
Proceeds loaned under notes receivable (10,000) 0
Purchases of investments (28,325) (5,000)
Net cash used in investing activities (59,035) (50,922)
Financing Activities    
Proceeds from the issuance of debt 0 350,000
Payment of debt issuance cost 0 (4,127)
Repayment of debt (60,000) (369,813)
Net proceeds from issuance of common stock 3,133 6,094
Minimum tax withholding paid on behalf of employees for restricted stock units (28,147) (10,105)
Repurchase of common stock (31,511) (7,137)
Net cash used in financing activities (116,525) (35,088)
Effect of exchange rate changes on cash and cash equivalents (1,362) (713)
Increase (decrease) in cash, cash equivalents and restricted cash 80,681 (18,600)
Cash, cash equivalents and restricted cash at beginning of period 131,738 150,034
Cash, cash equivalents and restricted cash at end of period 212,419 131,434
Supplemental disclosures of cash flow information:    
Cash paid for interest 4,277 6,402
Cash paid for income taxes 9,470 1,671
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 38,373 $ 22,874