XML 25 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Net (loss) income $ (6,944) $ 67,741 $ 180,550
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 140,893 123,512 118,299
Non-cash impairment charges 12,209 0 0
Deferred income tax benefit (20,731) (11,885) (4,585)
Share-based compensation 24,377 20,143 27,725
Amortization of debt issuance costs and expenses associated with debt refinancing 5,593 6,164 6,845
Non-cash lease expense 835 2,189 2,816
Lease incentive 8,452 0 0
Loss (Gain) on disposal of property and equipment and construction in-progress 1,496 777 (6,813)
Gain from the sale of businesses 0 0 (644)
Change in fair value of contingent consideration and others (5,791) 12,888 (20,304)
Changes in assets and liabilities:      
Accounts receivable 7,398 4,593 (33,905)
Inventories (28,149) (59,773) (29,124)
Prepaid expenses and other current assets (8,187) 2,652 8,612
Other non-current assets (2,842) (8,535) (2,182)
Accounts payable, accrued expenses and other current liabilities (2,674) (20,229) 17,343
Contract liabilities 3,540 128 4,274
Other non-current liabilities (93) (410) (4,438)
Net cash provided by operating activities 129,382 139,955 264,469
INVESTING ACTIVITIES:      
Purchases of property and equipment (104,418) (66,865) (42,343)
Purchases of intangible assets (9,953) 0 0
Proceeds from sale of business 0 0 23,960
Acquired in-process research and development and intangibles 0 0 (4,742)
Purchases of short term investments (48,997) (32,694) 0
Cash paid for business acquisitions, net of cash acquired (277,811) 0 (51,509)
Proceeds from sales of property and equipment 0 0 11,145
Proceeds from maturities of short-term investments 54,500 0 0
Net proceeds on swaps designated as net investment hedges (4,129) 5,381 4,909
Net cash used in investing activities (390,808) (94,178) (58,580)
FINANCING ACTIVITIES:      
Proceeds from borrowings of long-term indebtedness 486,500 165,100 40,750
Payments on debt (187,131) (110,600) (148,550)
Payment of debt issuance costs 0 (7,879) 0
Purchase of treasury stock (52,471) (275,000) (125,000)
Payments for contingent considerations (11,923) 0 0
Proceeds from exercised stock options 6,398 4,317 5,465
Cash taxes paid in net equity settlement (3,510) (5,863) (24,618)
Net cash provided by (used in) financing activities 237,863 (229,925) (251,953)
Effect of exchange rate changes on cash and cash equivalents (6,464) 3,889 (10,723)
Net decrease in cash and cash equivalents (30,027) (180,259) (56,787)
Cash and cash equivalents at beginning of period 276,402 456,661 513,448
Cash and cash equivalents at end of period $ 246,375 $ 276,402 $ 456,661