v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (189,479) $ (55,253)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Depreciation and amortization 27,619 56,489
Asset impairment 97,115 0
Inventory and other write-downs 4,846 0
Gain (loss) on derivative 3,050 0
Accretion on asset retirement obligation 998 172
Change in allowance for doubtful accounts 4,425 322
Amortization of deferred financing costs 2,251 1,155
Amortization of debt discount 2,181 525
Non-cash compensation 1,233 6,851
Loss on disposal of assets 2,297 1,797
Deferred income taxes (3,984) 0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 62,963 9,228
Inventories 2,903 4,554
Prepaid expenses and other current assets 2,192 4,778
Other assets 651 46
Accounts payable (14,130) (21,548)
Income tax receivable 0 891
Other liabilities (4,901) (3,068)
Accrued expenses (7,842) 4,311
Net cash (used in) provided by operating activities (5,612) 11,250
Cash flows from investing activities:    
Purchase of property and equipment (5,947) (33,359)
Proceeds from sale of assets 44,952 5,009
Payments for other long-term assets (768) 0
Payments for businesses, net of cash acquired (59,350) 0
Net cash used in investing activities (21,113) (28,350)
Cash flows from financing activities:    
Proceeds from debt 38,000 0
Repayments of debt (34,770) (17,334)
Change in treasury stock including restricted stock issuances (16) (1,683)
Deferred loan costs and other financing activities (1,749) (469)
Net cash (used in) provided by financing activities 1,465 (19,486)
Net decrease in cash, cash equivalents and restricted cash (25,260) (36,586)
Cash and cash equivalents - beginning of period 36,217 90,300
Cash and cash equivalents - end of period 10,957 53,714
Noncash investing and financing activity:    
Capital leases and notes issued for equipment 498 7,588
Change in accrued property and equipment (131) 1,348
Issuance of Series A Participating Preferred Stock 22,000 0
Issuance of derivative liability 9,713 0
Change in asset retirement obligations $ 8 $ 108

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