v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES          
Net loss     $ (170,094) $ (20,350)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization $ 25,121 $ 1,378 71,692 4,252  
Amortization of deferred financing costs and discounts     14,891 896  
Amortization of operating lease right-of-use assets     20,077    
Paid-in-kind interest     16,575 1,300  
Stock-based compensation     8,673 2,121  
Deferred taxes     (446) (2,577)  
Amortization of inventory step up     9,546    
Other non-cash adjustments     611 461  
Changes in operating assets and liabilities:          
Accounts receivable, net     (539,631) 2,439  
Operating lease liability     (18,108)    
Inventories     (88,223) (2,149)  
Prepaid expenses and other assets     (39,234) 475  
Accounts payable and accrued expenses     184,450 9,534  
Other liabilities     (4,229) 125  
Net cash used in operating activities     (533,450) (3,473)  
CASH FLOWS FROM INVESTING ACTIVITIES          
Collection of deferred purchase price of sold receivables     499,527    
Termination fees paid on leases     (346)    
Purchases of property and equipment     (10,074) (976)  
Net cash provided by (used in) investing activities     489,107 (976)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Repayment of long-term debt     (7,256) (2,188)  
Proceeds from line of credit, net     46,045 2,247  
Repayment of finance leases     (2,561)    
Payment of deferred financing costs     (1,500)    
Taxes paid in lieu of shares issued for stock-based compensation     (415) (428)  
Net cash provided by (used in) financing activities     34,313 (369)  
Effect of exchange rate changes on cash and cash equivalents     (503) 82  
NET CHANGE IN CASH AND CASH EQUIVALENTS     (10,533) (4,736)  
CASH AND CASH EQUIVALENTS, at beginning of period     29,519 8,250 $ 8,250
CASH AND CASH EQUIVALENTS, at end of period $ 18,986 $ 3,514 18,986 3,514 $ 29,519
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
Interest paid     108,548 6,624  
Income taxes paid     138 172  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Unpaid purchases of property and equipment     368 58  
Beneficial interest obtained in exchange for securitized trade receivables     642,661    
Conversion of short-term convertible notes       $ 13,764  
Additions to operating lease liabilities     $ 241,951    

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