| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating Activities | ||||||
Net loss | ||||||
-125,205 | -102,978 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
35,801 | 12,968 | |||||
Amortization of debt issuance costs | ||||||
106 | 84 | |||||
Change in fair value of contingent consideration | ||||||
35,725 | 750 | |||||
Payment of contingent consideration | ||||||
144 | -4,368 | |||||
Unrealized foreign currency transaction (gain) loss | ||||||
48 | 100 | |||||
(Gain) loss on sale of fixed assets | ||||||
272 | -200 | |||||
Change in fair value of warrants liability | ||||||
-24 | -4,744 | |||||
Share-based compensation expense | ||||||
11,348 | 11,865 | |||||
Benefit from deferred income taxes | ||||||
1,066 | -3,952 | |||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-4,614 | 7,694 | |||||
Inventory | ||||||
1,811 | 819 | |||||
Prepaid expenses and other current assets | ||||||
1,241 | -1,458 | |||||
Accounts payable | ||||||
14,694 | -282 | |||||
Accrued expenses and other liabilities | ||||||
-2,349 | 5,442 | |||||
Other assets | ||||||
1,046 | - | |||||
Other, net | ||||||
- | 297 | |||||
Net cash provided by operating activities | ||||||
-28,786 | -83,731 | |||||
Acquisitions of businesses, net of cash acquired | ||||||
- | 217,887 | |||||
Purchases of property and equipment | ||||||
1,822 | 4,166 | |||||
Proceeds from sale of property and equipment | ||||||
523 | - | |||||
Other | ||||||
215 | 715 | |||||
Net cash used in investing activities | ||||||
-1,514 | -222,768 | |||||
Proceeds from issuance of convertible debt | ||||||
- | 275,000 | |||||
Proceeds from issuance of common stock | ||||||
- | 75,000 | |||||
Payment of debt and equity issuance costs | ||||||
- | 778 | |||||
Repayment of convertible note | ||||||
- | 3,922 | |||||
Payment of contingent consideration | ||||||
6,341 | 35 | |||||
Proceeds from exercise of stock options / warrants | ||||||
108 | 2,658 | |||||
Payments related to settlement of stock awards | ||||||
- | 1,660 | |||||
Net cash used in financing activities | ||||||
-6,233 | 346,263 | |||||
Net increase in cash and cash equivalents | ||||||
-36,533 | 39,764 | |||||
Effect of change in foreign exchange rates on cash and cash equivalents | ||||||
482 | 363 | |||||
Supplemental non-cash activities: | ||||||
Fair value of assets acquired and liabilities assumed through acquisition of business (See Note 3) | ||||||
- | 115,136 | |||||
Fair value of contingent consideration payable in connection with acquisition of business (See Note 3) | ||||||
- | 70,400 | |||||
Non-cash additions to intangible assets (See Note 6) | ||||||
- | 221 | |||||
Non-cash additions to property and equipment | ||||||
- | 2,828 | |||||
Supplemental disclosure of cash flow information: | ||||||
Income taxes paid | ||||||
3,310 | 3,732 | |||||
Interest paid | ||||||
24,820 | 1,547 | |||||