Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (25,983) $ (22,224)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 12,266 11,680
Stock-based compensation 8,649 8,241
Foreign currency transaction loss (gain) 2,054 531
Share in net (profits) losses of associated companies 2,031 2,425
Unrealized Gain (Loss) on Investments 1,747 1,042
Acquisitions 511 0
Deferred income taxes, net and uncertain tax positions 183 2,581
Other non-cash items, net 493 (95)
Change in cash attributable to changes in operating assets and liabilities:    
Accounts receivable, net 15,461 1,081
Inventories 897 (10,123)
Other current assets and prepaid expenses 1,872 2,945
Other non-current assets 3,148 2,746
Accounts payable (9,507) (18,547)
Other current liabilities (115) 1,622
Deferred revenues (2,202) 3,387
Other non-current liabilities (4,165) (5,218)
Net cash provided by (used in) operating activities 7,340 (17,926)
Cash flows from investing activities    
Cash paid for business combinations, net of cash acquired 0 (16,480)
Purchase of property and equipment (2,329) (3,723)
Investments in short-term bank deposits (10,000) (12,448)
Proceeds from sale of equity method investment 20,000 111,367
Purchase of intangible assets (658) (311)
Other investing activities (120) (30)
Payments to Acquire Long-Term Investments (4,993) (2,453)
Net cash used in investing activities 1,900 75,922
Cash flows from financing activities    
Proceeds from exercise of stock options 149 4
Payment of contingent consideration (430) 0
Other financing activities 465 851
Net cash provided by (used in) financing activities 184 855
Effect of exchange rate changes on cash, cash equivalents and restricted cash (925) (168)
Net change in cash, cash equivalents and restricted cash 8,499 58,683
Cash, cash equivalents and restricted cash, beginning of year 82,864 150,686
Cash, cash equivalents and restricted cash, end of year 91,363 209,369
Non-cash investing and financing activities:    
Transfer of inventories to fixed assets 545 3,604
Transfer of fixed assets to inventories 4,692 97
Reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets:    
Cash and cash equivalents 91,089 209,139
Restricted cash included in other current assets 274 230
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Total $ 91,363 $ 209,369