Six Months Ended June 30, 2020 and 2019
| Six Months Ended June 30, | |||||||
| (in thousands) | 2020 | 2019 | |||||
| Cash flows from operating activities: | |||||||
| Net loss | $ | (56,875 | ) | $ | (48,210 | ) | |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | |||||||
| Depreciation and amortization | 23,059 | 26,574 | |||||
| Stock-based compensation | 13,606 | 13,592 | |||||
| Provision for inventory obsolescence and revaluation | 10,894 | — | |||||
| Loss on hedge accounting de-designation | 1,235 | — | |||||
| Provision for bad debts | 1,198 | 1,169 | |||||
| Loss on the disposition of property, equipment and other assets | (134 | ) | 1,103 | ||||
| Provision for deferred income taxes | (671 | ) | (852 | ) | |||
| Impairment of assets | 1,100 | 1,728 | |||||
| Changes in operating accounts: | |||||||
| Accounts receivable | 12,639 | 11,213 | |||||
| Inventories | (24,544 | ) | (3,124 | ) | |||
| Prepaid expenses and other current assets | (19,976 | ) | (1,494 | ) | |||
| Accounts payable | 2,470 | (7,560 | ) | ||||
| Deferred revenue and customer deposits | 6,678 | 9,300 | |||||
| Accrued and other current liabilities | 3,637 | (2,333 | ) | ||||
| All other operating activities | 4,666 | 2,445 | |||||
| Net cash (used in) provided by operating activities | (21,018 | ) | 3,551 | ||||
| Cash flows from investing activities: | |||||||
| Purchases of property and equipment | (7,162 | ) | (14,353 | ) | |||
| Proceeds from sale of assets | 552 | — | |||||
| Purchase of noncontrolling interest | (12,500 | ) | (2,500 | ) | |||
| Other investing activities | (474 | ) | 105 | ||||
| Net cash used in investing activities | (19,584 | ) | (16,748 | ) | |||
| Cash flows from financing activities: | |||||||
| Proceeds from borrowings | — | 100,000 | |||||
| Repayment of borrowings/long-term debt | (26,254 | ) | (45,000 | ) | |||
| Proceeds from inventory financing agreements | 2,509 | — | |||||
| Payments related to net-share settlement of stock-based compensation | (3,821 | ) | — | ||||
| Other financing activities | 296 | (1,898 | ) | ||||
| Net cash (used in) provided by financing activities | (27,270 | ) | 53,102 | ||||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,856 | ) | 517 | ||||
| Net (decrease) increase in cash, cash equivalents and restricted cash | (69,728 | ) | 40,422 | ||||
| Cash, cash equivalents and restricted cash at the beginning of the period (a) | 134,617 | 110,919 | |||||
| Cash, cash equivalents and restricted cash at the end of the period (a) | $ | 64,889 | $ | 151,341 | |||
