| Dec'19 | Dec'18 | Jan'18 | Jan'17 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net loss | ||||||||||
41,301 | 173,584 | 124,727 | 35,575 | -25,618 | 14,693 | 23,893 | -181,100 | 47,227 | 79,899 | 4,857 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation of property, plant and equipment | ||||||||||
166,574 | 162,708 | 150,809 | 156,229 | 133,508 | 95,349 | 92,120 | 84,286 | 69,698 | 48,747 | 19,140 |
Amortization of definite-lived intangible assets | ||||||||||
53,296 | 63,026 | 23,634 | 24,252 | 18,888 | 8,387 | 9,332 | 14,684 | 17,427 | 13,795 | 3,567 |
Amortization of debt discount and issuance costs | ||||||||||
14,265 | 14,687 | 10,970 | 19,066 | 15,451 | 10,165 | 8,466 | 7,893 | 7,584 | 6,780 | 5,470 |
Non-cash interest imputed on other long-term liabilities and related party financing obligation | ||||||||||
- | - | - | - | - | - | - | - | - | 1,084 | 137 |
Income tax benefit from restricted stock units released and common stock options exercised | ||||||||||
- | - | - | - | - | - | - | 622 | 1,734 | 506 | 24 |
Deferred income taxes | ||||||||||
12,454 | 98,291 | 9,190 | -900 | -23,892 | -2,018 | -8,116 | -78 | -5,903 | -16,400 | 4,841 |
Stock-based compensation | ||||||||||
16,816 | 20,681 | 18,290 | 11,090 | 9,661 | 7,800 | 8,985 | 10,266 | 8,075 | 6,913 | 6,265 |
Loss on extinguishment of debt | ||||||||||
- | - | -768 | -47,767 | -802 | -506 | -10,743 | -5,527 | - | - | - |
Gain on sale of assets | ||||||||||
- | - | - | - | 2,504 | - | 17,917 | - | - | - | - |
Impairment of goodwill | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Impairment of long-lived assets | ||||||||||
- | - | - | 3,346 | 0 | 1,845 | 10,782 | 18,082 | 48,125 | 766 | 12,761 |
Impairment of goodwill and definite-lived intangibles | ||||||||||
- | - | - | - | - | - | - | 200,335 | 15,184 | - | - |
Realized gain on early payment of related party financing obligation | ||||||||||
- | - | - | - | - | - | - | - | 1,659 | - | - |
Other | ||||||||||
-2,142 | -3,789 | 9,982 | -4,645 | -4,396 | 1,882 | 518 | 924 | 3,417 | - | - |
Payment of accreted interest on convertible senior notes | ||||||||||
- | - | - | - | 8,731 | 1,324 | 27,663 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | ||||||||||
-19,501 | -1,366 | 51,115 | -23,212 | - | - | - | - | - | - | - |
Contract assets | ||||||||||
494 | 3,502 | - | - | - | - | - | - | - | - | - |
Unrealized gain on short-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | - | 325 |
Net (gain) loss on sale of property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | -437 | 61 |
Net unrealized (gain) loss on derivative assets and liabilities | ||||||||||
- | - | - | - | - | - | - | - | - | 801 | - |
Unrealized foreign currency exchange loss (gain) | ||||||||||
- | - | - | - | - | - | - | - | - | -500 | - |
Accounts and notes receivable, net | ||||||||||
- | - | - | - | -66,062 | 22,485 | 96,394 | 20,927 | 27,993 | 79,920 | -25,686 |
Inventories | ||||||||||
12,642 | -18,254 | 25,376 | 289 | -8,482 | 7,113 | 9,332 | 16,581 | -6,273 | 8,830 | -10,850 |
Prepaid expenses and other current assets | ||||||||||
-1,802 | -5,199 | 2,005 | -3,606 | -15,781 | -2,292 | 10,347 | 5,679 | -4,538 | 10,394 | 101 |
Accounts payable | ||||||||||
42,045 | -45,739 | 54,602 | -7,796 | -31,916 | 23,937 | 35,362 | 65,923 | -17,843 | 23,400 | -9,996 |
Contract liabilities | ||||||||||
618 | -4,558 | - | - | - | - | - | - | - | - | - |
Accrued salaries, wages and benefits and other current liabilities | ||||||||||
-16,549 | -30,488 | 26,659 | - | - | - | - | - | - | - | - |
Accrued salaries, wages and benefits and other accrued expenses | ||||||||||
- | - | - | -13,977 | 18,100 | -8,142 | 24,724 | -524 | -4,877 | 27,549 | 592 |
Net cash provided by operating activities | ||||||||||
311,937 | 273,138 | 332,755 | 298,336 | 237,462 | 129,810 | 71,388 | 182,565 | 179,345 | 125,819 | 73,977 |
Cash flows from investing activities: | ||||||||||
Acquisition of Anaren, net of cash acquired | ||||||||||
- | 596,396 | - | - | 169,162 | - | - | - | - | 28,529 | - |
Purchase of property, plant and equipment and other assets | ||||||||||
142,576 | 150,127 | 151,345 | 85,139 | 99,925 | 109,624 | 103,347 | 139,550 | 142,750 | 68,489 | 11,507 |
Proceeds from sale of property, plant and equipment and other assets | ||||||||||
6,604 | 331 | 27,255 | 3,641 | 21,446 | 1,053 | 67,658 | 3,106 | 2,133 | 8,623 | 729 |
Release of restricted cash and cash equivalents | ||||||||||
- | - | - | -3,530 | 19 | - | - | - | - | - | - |
Restricted cash for future acquisition | ||||||||||
- | - | - | - | - | - | - | - | - | - | 120,000 |
Restricted cash used for acquisition | ||||||||||
- | - | - | - | - | - | - | - | - | -120,000 | - |
Proceeds from sale of securities | ||||||||||
- | - | - | - | - | - | - | - | - | 1,351 | 2,631 |
Purchase of licensing agreement | ||||||||||
- | - | - | - | - | - | - | - | - | - | 350 |
Net cash provided by (used in) investing activities | ||||||||||
-135,972 | -746,192 | -124,090 | -77,968 | -247,660 | -108,571 | -35,689 | -136,444 | -140,617 | 32,956 | -128,497 |
Cash flows from financing activities: | ||||||||||
Proceeds from long-term debt borrowings | ||||||||||
- | 600,000 | 725,000 | 775,000 | 950,000 | - | - | 473,823 | 24,438 | 387,980 | - |
Repayment of long-term debt borrowing | ||||||||||
30,000 | 114,378 | 700,875 | 1,022,625 | 276,178 | 96,204 | - | 442,180 | 67,122 | - | 0 |
Repayment of assumed long-term debt in acquisition | ||||||||||
- | 178,604 | - | - | 669,024 | - | - | - | - | 387,980 | - |
Proceeds (repayment) from borrowings of revolving loan | ||||||||||
- | 23,000 | -63,000 | 30,000 | 80,000 | - | -30,000 | 30,000 | - | - | - |
Net borrowings (repayment) of revolving loan | ||||||||||
- | - | - | - | - | - | - | - | - | -37,987 | - |
Payment of debt issuance costs | ||||||||||
1,803 | 7,653 | 9,842 | 1,227 | 34,135 | 1,626 | 6,325 | 7,787 | - | - | - |
Payment of original issue discount | ||||||||||
- | 1,500 | 1,750 | - | 33,250 | - | - | - | - | - | - |
Purchase of convertible senior note hedge | ||||||||||
- | - | - | - | - | 7,953 | 58,322 | - | - | - | - |
Proceeds from warrants | ||||||||||
- | - | - | - | - | 4,053 | 29,722 | - | - | - | - |
Dividends paid to non-controlling interest shareholder | ||||||||||
- | - | - | - | - | - | - | 9,501 | - | - | - |
Settlement of related party financing obligation | ||||||||||
- | - | - | - | - | - | - | - | 20,528 | - | 0 |
Proceeds from exercise of stock options | ||||||||||
- | 191 | 74 | 1,743 | 495 | - | 323 | 91 | 6,263 | 2,113 | 416 |
Payment for purchase of non-controlling interest | ||||||||||
- | - | 8,568 | - | - | - | 29,358 | - | - | - | - |
Proceeds from issuance of convertible senior notes | ||||||||||
- | - | - | - | - | 30,000 | 220,000 | - | - | - | - |
Redemption of convertible notes | ||||||||||
10 | - | 15 | - | 23,664 | 5,411 | 113,055 | - | - | - | - |
Excess tax benefits from stock awards exercised or released | ||||||||||
- | - | - | - | - | - | - | 622 | 1,734 | 506 | 24 |
Net cash used in financing activities | ||||||||||
-31,813 | 321,056 | -58,976 | -217,109 | -5,756 | -77,141 | 12,985 | 45,068 | -55,215 | -35,368 | 440 |
Effect of foreign currency exchange rates on cash and cash equivalents | ||||||||||
-358 | -968 | 3,360 | -6,082 | -3,988 | 4,390 | -3,563 | -1,808 | -3,539 | -1,676 | -38 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
143,794 | -152,966 | 153,049 | -2,823 | -19,942 | -51,512 | 45,121 | 89,381 | -20,026 | 121,731 | -54,118 |
Supplemental cash flow information: | ||||||||||
Cash paid, net for interest | ||||||||||
71,267 | 62,967 | 39,062 | 72,041 | 34,052 | 14,072 | 16,647 | 19,476 | 19,352 | 14,995 | 5,699 |
Cash paid, net for income taxes | ||||||||||
20,120 | 27,574 | 20,075 | 25,122 | 14,495 | 297 | 6,065 | 15,520 | 19,209 | 15,569 | 3,855 |
Supplemental disclosure of noncash investing activities: | ||||||||||
Issuance of Common stock and replacement award at fair value | ||||||||||
- | - | - | - | - | - | - | - | - | 294,382 | - |
Property, plant and equipment recorded in accounts payable | ||||||||||
58,606 | 49,169 | 84,805 | 25,108 | 24,515 | 49,144 | 80,063 | 59,402 | 56,063 | 75,397 | 586 |
Supplemental disclosure of noncash investing activities from discontinued operations: | ||||||||||
Notes receivable utilized to purchase property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | 5,293 | - | - | - |