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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 10,875 $ (12,379)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 7,899 4,308
Non-cash interest 3,105 3,313
Paid-in-kind interest (6,616)
Loss on extinguishment of debt 5,782 6,299
Loss on change in fair value – warrant liabilities 59,418 16,758
Tax Receivable Agreement expense 34,155 501
Stock-based compensation 2,185 10,063
Non-cash lease expense 3,128
Deferred income taxes (45,812)
Changes in operating assets and liabilities:    
Accounts receivable (419) (18,451)
Inventories (18,098) (24,688)
Prepaid inventory and other assets (5,047) (2,557)
Accounts payable 16,049 25,132
Accrued sales returns 1,157 1,814
Accrued compensation 6,255 5,263
Customer prepayments (5) (1,264)
Operating lease obligations (1,732)
Other accrued liabilities 8,978 8,768
Net cash provided by operating activities 81,257 22,880
Cash flows from investing activities:    
Purchase of property and equipment (27,878) (10,459)
Investment in intangible assets (11,261) (320)
Net cash used in investing activities (39,139) (10,779)
Cash flows from financing activities:    
Proceeds from related-party loan 10,000
Proceeds from term loan 45,000
Payments on related-party loan (37,497)
Payments on term loan (563)
Proceeds from exercise of warrants 46,359
Proceeds from exercise of stock options 2,007
Repurchase of stock options (97)
Payments for debt issuance costs (2,460) (758)
Distributions to members (5,487)
Net cash provided by financing activities 47,359 9,145
Net increase in cash 89,477 21,246
Cash and cash equivalents, beginning of the year 33,478 12,232
Cash and cash equivalents, end of the year 122,955 33,478
Supplemental disclosures of cash flow information:    
Cash paid during the year for interest 8,167 1,869
Cash paid during the year for income taxes 2,060 122
Supplemental schedule of non-cash investing and financing activities:    
Property and equipment included in accounts payable 3,305 743
Issuance of liability warrants 4,864
Non-cash leasehold improvements 5,147 1,938
Tax distribution payable 668 308
Tax Receivable Agreement liability 137,314
Deferred income taxes 165,676
Exercise of liability warrants $ 81,040