v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (144,881) $ (27,476)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Depreciation and amortization 14,765 27,498
Asset impairment 97,115 0
Inventory and other write-downs 4,846 0
Loss on derivative 3,552 0
Accretion on asset retirement obligation 467 85
Change in allowance for doubtful accounts 1,567 (265)
Amortization of deferred financing costs 587 564
Amortization of debt discount 521 262
Non-cash compensation 1,171 3,288
(Gain) loss on disposal of assets 2,619 1,455
Deferred income taxes (3,674) 0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 17,473 4,763
Inventories 700 2,709
Prepaid expenses and other current assets (1,858) (1,282)
Other assets 424 (549)
Accounts payable (5,839) (20,496)
Income tax receivable 0 (1,851)
Other liabilities (1,605) (2,559)
Accrued expenses 9,702 15,658
Net cash (used in) provided by operating activities (2,348) 1,804
Cash flows from investing activities:    
Purchase of property and equipment (5,595) (18,885)
Proceeds from sale of assets 40,274 2,664
Payments for other long-term assets (366) 0
Payments for businesses, net of cash acquired (59,350) 0
Net cash used in investing activities (25,037) (16,221)
Cash flows from financing activities:    
Proceeds from debt 23,000 0
Repayments of debt (8,999) (11,423)
Change in treasury stock including restricted stock issuances (6) (343)
Deferred loan costs and other financing activities (1,750) (321)
Net cash used in (provided by) financing activities 12,245 (12,087)
Net decrease in cash, cash equivalents and restricted cash (15,140) (26,504)
Cash and cash equivalents - beginning of period 36,217 90,300
Cash and cash equivalents - end of period 21,077 63,796
Noncash investing and financing activity:    
Capital leases and notes issued for equipment 498 6,144
Change in accrued property and equipment (1,594) (994)
Issuance of Series A Preferred 22,000 0
Issuance of derivative liability 9,713 0
Change in asset retirement obligations $ 8 $ 124

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