XML 18 R6.htm IDEA: XBRL DOCUMENT 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 $ (48,210) $ (29,573)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 26,574 29,948
Stock-based compensation 13,592 13,734
Provision for bad debts 1,169 1,356
Loss on the disposition of property, equipment and other assets 1,103 0
Provision for deferred income taxes (852) (2,287)
Impairment of assets 1,728 1,411
Changes in operating accounts:    
Accounts receivable 11,213 (3,384)
Inventories (3,124) (14,937)
Prepaid expenses and other current assets (1,494) (6,739)
Accounts payable (7,560) 2,762
Deferred revenue and customer deposits 9,300 4,268
Accrued and other current liabilities (2,333) 14,940
All other operating activities 2,445 (2,328)
Net cash provided by operating activities 3,551 9,171
Cash flows from investing activities:    
Purchases of property and equipment (14,353) (18,095)
Other investing activities 105 (514)
Net cash used in investing activities (14,248) (18,609)
Cash flows from financing activities:    
Proceeds from borrowings 100,000 0
Repayment of borrowings/long term debt (45,000) 0
Purchase of noncontrolling interest (2,500) 0
Payments on earnout consideration 0 (2,675)
Other financing activities (1,898) (2,148)
Net cash provided by (used in) financing activities 50,602 (4,823)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 517 (2,502)
Net increase (decrease) in cash, cash equivalents and restricted cash 40,422 (16,763)
Cash, cash equivalents and restricted cash at the beginning of the period [1] 110,919 136,831
Cash, cash equivalents and restricted cash at the end of the period [1] 151,341 120,068
Supplemental Cash Flow Information [Abstract]    
Cash interest payments 1,975 236
Cash income tax payments, net 6,739 3,925
Transfer of equipment from inventory to property and equipment, net [2] 2,034 3,618
Transfer of equipment to inventory from property and equipment, net [3] 29 369
Restricted cash included in other assets 944 755
Purchase of noncontrolling interest [4] $ (11,000) $ 0
[1]
The amounts for cash and cash equivalents shown above include restricted cash of $944 and $755 as of June 30, 2019 and 2018, respectively, and $921 and $487 as of December 31, 2018, and 2017, respectively, which were included in Other assets, net, in the condensed consolidated balance sheets.
[2]
Inventory is transferred from inventory to property and equipment at cost when the Company requires additional machines for training or demonstration or for placement into on demand manufacturing services locations.
[3]
In general, an asset is transferred from Property and equipment, net, into inventory at its net book value when the Company has identified a potential sale for a used machine.
[4]
Purchase of noncontrolling interest to be paid in installments over a four-year period recorded to Accrued and other liabilities and Other liabilities on the condensed consolidated balance sheets.