CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net loss before equity in losses of unconsolidated affiliates	$ (10,125)	$ (9,986)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	3,974	3,300
Non-cash impact of operating leases	871	673
Deferred tax benefit	(1,065)	(2,366)
Stock-based compensation	3,077	5,110
Change in fair value of contingent consideration	8	(236)
Equity in losses of unconsolidated affiliates	349	381
Accretion of discounts and issuance costs	24	11
Other losses (gains), net	703	(473)
Changes in operating assets and liabilities (net of the effect of acquisitions):
Accounts receivable	4,399	2,060
Inventories	(3,112)	(6,528)
Lease receivables	(2,708)	(2,248)
Other assets	(1,908)	(288)
Accounts payable	(7,683)	(3,069)
Other liabilities	4,035	(4,006)
Net cash used in operating activities	(9,161)	(17,665)
Cash flows from investing activities:
Capital expenditures	(1,885)	(334)
Net cash used in investing activities	(22,558)	(29,843)
Cash flows from financing activities:
Proceeds from issuance of common stock	1	1,761
Payments for taxes related to shares withheld for employee taxes	(90)	(4,961)
Repayments of other debt	(39)	(62)
Net cash used in financing activities	(128)	(3,262)
Foreign exchange effect on cash and cash equivalents	438	(60)
Net decrease in cash and cash equivalents	(31,409)	(50,830)
Cash and cash equivalents, beginning of period	156,618	223,574
Cash and cash equivalents, end of period	125,209	172,744
Supplemental disclosure of cash flow information:
Non-cash transfers of equipment between inventory and property and equipment, net	1,297	749
Contingent consideration for acquisitions	0	3,860
Settlement of Promissory Note and other preexisting relationships as part of acquisition	11,800	0
Indemnity holdback and net working capital adjustment for acquisitions	2,550	1,608
LightDeck
Cash flows from investing activities:
Acquisition	(20,673)	0
VetZ GmbH
Cash flows from investing activities:
Acquisition	$ 0	$ (29,509)

HESKA CORP 10-Q