v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (221,558) $ (94,130)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Depreciation and amortization 40,593 85,668
Asset impairment 98,943 0
Inventory and other write-downs 4,846 7,080
(Gain) on derivative (3,916) 0
Accretion on asset retirement obligation 1,445 607
Change in allowance for doubtful accounts 2,547 711
Amortization of deferred financing costs 2,794 1,745
Amortization of debt discount 3,837 789
Non-cash compensation 1,216 8,237
(Gain) / Loss on disposal of assets (2,868) 2,634
Deferred income taxes (3,946) 0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 65,844 20,401
Inventories 4,077 4,546
Prepaid expenses and other current assets (3,212) 2,404
Other assets 895 (8)
Accounts payable (3,160) (31,617)
Income tax receivable 0 1,574
Other liabilities (1,955) 131
Accrued expenses 13,800 17,740
Net cash provided by operating activities 222 28,512
Cash flows from investing activities:    
Purchase of property and equipment (6,872) (46,263)
Proceeds from sale of assets 51,412 7,122
Payments for other long-term assets (1,144) (411)
Payments for businesses, net of cash acquired (59,350) 0
Net cash used in investing activities (15,954) (39,552)
Cash flows from financing activities:    
Proceeds from debt 38,000 0
Repayments of debt (42,407) (23,209)
Change in treasury stock including restricted stock issuances (15) (5,122)
Deferred loan costs and other financing activities (1,827) (469)
Net cash (used in) financing activities (6,249) (28,800)
Net decrease in cash, cash equivalents and restricted cash (21,981) (39,840)
Cash, cash equivalents and restricted cash - beginning of period 36,217 90,300
Cash, cash equivalents and restricted cash - end of period 14,236 50,460
Noncash investing and financing activity:    
Capital leases and notes issued for equipment 498 7,943
Change in accrued property and equipment 88 310
Issuance of Series A Participating Preferred Stock 22,000 0
Issuance of derivative liability 9,713 0
Change in asset retirement obligations $ 8 $ 6,420

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