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
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ (148,758) $ 16,887
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 13,164 8,510
Stock-based compensation expense 3,980 5,347
Bad debt expense, net of recoveries 1,774 873
Gain on asset disposition 629 0
Impairment loss 127,831 0
Deferred taxes (2,166) 1,601
Changes in operating assets and liabilities (net of the effect of acquisitions):    
Accounts and notes receivable (4,987) (8,397)
Inventory 20,622 (46,030)
Prepaid expenses and other assets 10,718 (18,960)
Accounts payable and accrued liabilities (2,405) 26,338
Operating leases 374 1,013
Payroll and payroll tax liabilities (3,046) 4,050
Customer deposits (7,538) 8,419
Sales tax payable (322) 2,215
Net cash provided by (used in) operating activities 9,870 1,866
Cash flows from investing activities:    
Acquisitions, net of cash acquired (6,806) (71,813)
Purchase of marketable securities 0 (75,000)
Maturities from marketable securities 39,793 45,039
Purchase of property and equipment (11,635) (10,756)
Purchase of intangibles 0 (2,311)
Net cash provided by (used in) investing activities 21,352 (114,841)
Cash flows from financing activities:    
Principal payments on long term debt (69) (38)
Common stock withheld for employee payroll taxes (1,465) (3,954)
Proceeds from the sale of common stock and exercise of warrants, net of expenses 0 2,090
Net cash provided by (used in) financing activities (1,534) (1,902)
Net change 29,688 (114,877)
Cash and cash equivalents at the beginning of period 41,372 177,912
Cash and cash equivalents at the end of period 71,060 63,035
Supplemental disclosures of non-cash activities:    
Cash paid for interest 16 31
Common stock issued for business combination 5,750 36,250
Right of use assets acquired under new operating leases 6,221 26,115
Indemnity holdback from business acquisition 875 0
Cash paid for income taxes $ 0 $ 4,275