Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ (141,556) $ 12,860
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,289 4,971
Stock-based compensation expense 2,689 3,241
Bad debt expense, net of recoveries 1,602 313
Gain on asset disposition 12 0
Impairment loss 127,831 0
Deferred taxes (1,919) 947
Changes in operating assets and liabilities (net of the effect of acquisitions):    
Accounts and notes receivable (3,106) (2,883)
Inventory 10,616 (32,763)
Prepaid expenses and other assets 7,482 (14,487)
Accounts payable and accrued liabilities (1,805) 23,280
Operating leases 299 838
Payroll and payroll tax liabilities (3,066) 1,757
Income taxes payable 0 1,846
Customer deposits (6,634) 1,469
Sales tax payable (184) 885
Net cash provided by (used in) operating activities 1,550 2,274
Cash flows from investing activities:    
Acquisitions, net of cash acquired (6,806) (48,045)
Purchase of marketable securities 0 (57,357)
Maturities from marketable securities 29,793 0
Purchase of property and equipment (8,822) (4,428)
Purchase of intangibles 0 (1,262)
Net cash provided by (used in) investing activities 14,165 (111,092)
Cash flows from financing activities:    
Principal payments on long term debt (45) (52)
Common stock withheld for employee payroll taxes (1,448) (3,954)
Proceeds from the sale of common stock and exercise of warrants, net of expenses 0 2,067
Net cash provided by (used in) financing activities (1,493) (1,939)
Net change 14,222 (110,757)
Cash and cash equivalents at the beginning of period 41,372 177,912
Cash and cash equivalents at the end of period 55,594 67,155
Supplemental disclosures of non-cash activities:    
Cash paid for interest 13 6
Common stock issued for business combination 5,750 33,187
Right of use assets acquired under new operating leases $ 6,221 $ 19,573