Analyze the Company's cash flows in 2018 (Appendix C)

Anaylze the Company's cash flows in 2019 (Appendix C)

Appendlec CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) For the Year Ended December 31, 2019 2018 Cash provided by (used in) operating activities Net Income (loss) 8,248 (54,726) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating Amortization of Intangible assets 3,638 5,008 Depreciation 5,161 5,196 Change in value and exercise of warrants 1,352 10,400 Stock-based compensation expense 1,248 2,663 Amortization of financing fees 698 1,497 Deferred income taxes 457 156) Asset impairment charges 1 2,234 Other non-cash adjustments, net 276 2,085 Changes in operating assets and liabilities: Accounts receivable, net 118,095) 17 890) Inventory, net 26,2021 Prepaid expenses and other assets 17,125 Accounts payable 19.494) 33,968 Accrued expenses 13,948 11.630 Other noncurrent liabilities 124293 18,786 Net cash provided by (used in) operating activities 18.157 Cash used in investing activities Capital expenditures 13.6811 Asset acquisitions Other investing activities, net 23 Net cash used in investing activities 02391 Cash (used in) provided by financing activities Proceeds from revolving line of credit 544 145 516.440 Repayments of revolving line of credit Proceeds from warrant exercise 1616 Other financing activities, net Net cash fused in) provided by financing activities 16,461 Net (decrease) increase in cash and restricted cash 54 Cash and restricted cash at beginning of the year 50 Cash and restricted cash at end of the year 3