v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (161,115) $ (9,769)
Adjustments to reconcile net loss to net cash provided by(used in) operating activities:    
Depreciation and amortization 46,571 2,874
Amortization of deferred financing costs and discounts 10,101 588
Paid-in-kind interest 9,861 828
Stock-based compensation 5,716 1,507
Amortization of inventory step up 9,036  
Amortization of operating lease right-of-use assets 13,676  
Other non-cash adjustments 1,494 100
Deferred income taxes, net (482) (1,318)
Changes in operating assets and liabilities:    
Accounts receivable, net (354,210) 6,176
Operating lease liability (12,125)  
Inventories (82,188) 88
Prepaid expenses and other assets (40,290) (1,426)
Accounts payable and accrued expenses 112,259 321
Other liabilities (4,233) 183
Net cash provided by (used in) operating activities (445,929) 152
CASH FLOWS FROM INVESTING ACTIVITIES    
Collection of deferred purcahse price of sold receivables 319,137  
Purchases of property and equipment (6,339) (770)
Net cash provided by (used in) investing activities 312,798 (770)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of long-term debt (3,226) (938)
Proceeds from (payments on) line of credit, net 125,096 (1,354)
Repayment of financee lease (1,685)  
Payment of deferred financing costs (1,500)  
Taxes paid in lieu of shares issued for stock-based compensation (415) (391)
Net cash provided by (used in) financing activities 118,270 (2,683)
Effect of exchange rate changes on cash and cash equivalents (360) 80
NET CHANGE IN CASH AND CASH EQUIVALENTS (15,221) (3,221)
CASH AND CASH EQUIVALENTS, at beginning of period 29,519 8,250
CASH AND CASH EQUIVALENTS, at end of period 14,298 5,029
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 71,055 3,252
Income taxes paid 138 170
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unpaid purchases of property and equipment 20 41
Beneficial interest obtained in exchange for securitized trade receivables 381,437  
Conversion of short-term convertible notes   $ 13,764
Additions to operating lease liabilities $ 232,497  

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