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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 $ 16,887 $ 3,818
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,510 1,270
Stock-based compensation expense 5,347 6,324
Bad debt expense, net of recoveries 304 94
Gain on asset disposition 0 (28)
Deferred taxes 1,601 0
Changes in operating assets and liabilities:    
Accounts and notes receivable (7,828) (885)
Inventory (46,030) (13,421)
Prepaid expenses and other assets (18,960) (3,092)
Accounts payable and accrued liabilities 26,338 6,265
Operating leases 1,013 220
Payroll and payroll tax liabilities 4,050 871
Income taxes payable 0 1,928
Customer deposits 8,419 (34)
Sales tax payable 2,215 368
Net cash provided by operating activities 1,866 3,698
Cash flows from investing activities:    
Assets acquired in business combinations (71,813) (4,027)
Purchase of marketable securities (75,000) 0
Maturities from marketable securities 45,039 0
Purchase of property and equipment (10,756) (2,115)
Purchase of intangibles (2,311) (797)
Net cash used in investing activities (114,841) (6,939)
Cash flows from financing activities:    
Principal payments on long term debt (38) (75)
Common stock redeemed (3,954) 0
Proceeds from the sale of common stock and exercise of warrants, net of expenses 2,090 45,684
Net cash provided by (used in) financing activities (1,902) 45,609
Net change (114,877) 42,368
Cash and cash equivalents at the beginning of period 177,912 12,979
Cash and cash equivalents at the end of period 63,035 55,347
Supplemental disclosures of non-cash activities:    
Cash paid for interest 31 20
Common stock issued for accrued payroll 0 718
Common stock issued for business combination 36,250 1,808
Assets acquired by issuance of common stock 0 168
Right to use assets acquired under new operating leases 26,115 2,173
Cash paid for income taxes $ 4,275 $ 0

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