Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income (loss) $ (34,647) $ 93,960
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Amortization and depreciation 54,923 61,906
Impairment losses 2,438 0
Amortization of debt issuance costs and accretion of discounts 1,858 1,462
Stock-based compensation 38,763 58,154
Deferred income taxes 6,502 23,321
Loss on disposal of property and equipment 2,057 167
Unrealized holding loss on investments 3,917 1,418
Impairment of leased right-of-use assets 0 462
(Gain) loss on settlement of pension (1,008) 0
(Gain) loss on foreign currency 140 (3,245)
Excess tax benefits on stock-based awards (529) (9,702)
Changes in operating assets and liabilities:    
Accounts receivable 13,769 (57,976)
Inventory 45,602 (34,267)
Prepaid expenses and other assets (10,215) 3,957
Accounts payable, accrued expenses and other current liabilities (17,917) 82,389
Accrued compensation 8,776 32,187
Accrued price protection liability (45,036) 76,968
Lease liabilities (8,891) (8,485)
Other long-term liabilities (557) (3,307)
Net cash provided by operating activities 59,945 319,369
Investing Activities    
Purchases of property and equipment (12,180) (24,625)
Purchases of intangible assets (6,198) (10,440)
Cash used in acquisitions, net of cash acquired (12,384) 0
Proceeds loaned under notes receivable 0 (10,000)
Purchases of investments 0 (29,325)
Net cash used in investing activities (30,762) (74,390)
Financing Activities    
Payment of debt commitment fees (18,325) 0
Repayment of debt 0 (135,000)
Net proceeds from issuance of common stock 3,168 3,214
Minimum tax withholding paid on behalf of employees for restricted stock units (12,370) (28,527)
Repurchase of common stock 0 (31,511)
Net cash used in financing activities (27,527) (191,824)
Effect of exchange rate changes on cash and cash equivalents (1,861) (2,400)
Increase (decrease) in cash, cash equivalents and restricted cash (205) 50,755
Cash, cash equivalents and restricted cash at beginning of period 188,357 131,738
Cash, cash equivalents and restricted cash at end of period 188,152 182,493
Supplemental disclosures of cash flow information:    
Cash paid for interest 6,978 6,917
Cash paid for income taxes 25,336 14,076
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 38,348 $ 38,615