In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| 10-K | 10-K | 10-K | 10-K |
Cash flows from operating activities: | | | | |
Net loss | -176.7 | -6.1 | 14.8 | 1.4 |
Adjustments to reconcile net loss to net cash from (used in) operating activities: | | | | |
Depreciation expense | 6.2 | 2.7 | 0.4 | 0.5 |
Amortization expense | 14.2 | 14.0 | 6.4 | |
Amortization of inventory fair value adjustment | 0.7 | 15.9 | | |
Amortization of debt issuance costs | 0.6 | 0.6 | | |
Lease incentives | 1.7 | 0.4 | | |
Non-cash operating lease expense | 9.8 | 6.2 | | |
Equity-based compensation | 6.7 | 8.0 | 1.4 | 0.4 |
Deferred income taxes, net | -4.1 | -12.0 | -2.9 | -1.7 |
Changes in operating assets and liabilities, net of effects of acquisitions: | | | | |
Accounts receivable | -0.6 | -0.9 | -0.8 | 0.0 |
Inventory | -16.3 | -32.1 | -9.4 | -15.1 |
Prepaid expenses and other current assets | 6.1 | -11.5 | 0.0 | -2.7 |
Accounts payable | -1.9 | 6.0 | -2.8 | 5.1 |
Income taxes payable | -2.4 | -9.3 | 3.7 | -1.6 |
Accrued liabilities | -7.4 | 26.7 | 8.6 | 6.5 |
Returns reserve | -2.7 | 3.1 | 0.9 | 0.9 |
Deferred revenue | 0.3 | 7.2 | 1.5 | 1.1 |
Lease liabilities | -8.4 | -5.9 | -0.1 | -0.2 |
Net cash provided by (used in) operating activities | -0.3 | 24.0 | 21.7 | 0.5 |
|
Cash flows from investing activities: | | | | |
Acquisition of businesses, net of cash acquired | -5.3 | -249.3 | -0.6 | -20.4 |
Purchases of intangible assets | -0.2 | -0.8 | -0.5 | -0.4 |
Purchases of property and equipment | -19.7 | -7.7 | -1.3 | -1.0 |
Net cash used in investing activities | -25.3 | -278.1 | -2.4 | -21.8 |
|
Cash flows from financing activities: | | | | |
Payments of costs related to initial public offering | -1.1 | | | |
Proceeds from line of credit, net of issuance costs | 40.0 | 34.2 | 10.9 | |
Repayment of line of credit | | -42.2 | -10.1 | -1.6 |
Repayment of debt | -5.6 | -155.8 | | |
Taxes paid related to net share settlement of equity awards | -0.1 | | | |
Proceeds from issuances under equity-based compensation plans | 0.2 | | | |
Net cash provided by (used in) financing activities | 33.3 | 269.9 | 1.2 | 20.6 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | -0.3 | -1.8 | 0.7 | 0.5 |
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Reconciliation of cash, cash equivalents and restricted cash: | | | | |
Cash and cash equivalents | | | | |
Restricted cash | | | | |