XML 27 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Apr. 30, 2021
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES            
Net loss $ (52,800) $ (672,000) $ (4,463,800) $ (56,900)   $ (4,788,500)
Adjustments to reconcile net loss to net cash used in operating activities:            
Depreciation expense 24,400 122,400 159,600 41,000   418,400
Accretion of discount on shareholders note     0 (12,900)   0
Equity in losses (earnings) of ARO (2,600) (3,900) (3,100) (7,400)   7,600
Deferred income tax expense (benefit) 100 5,500 (18,200) 1,200   (103,600)
Debt discounts and other     0 300   36,800
Amortization, Net     (4,800) 2,800   14,400
Reorganization items (non-cash) 0 447,900 3,487,300 0   447,900
Share-based compensation expense     4,800 1,600   17,800
Loss on impairment     756,500 0   3,646,200
Adjustment to gain on bargain purchase     0 0   6,300
Gain (Loss) on Extinguishment of Debt     0 0   (3,100)
Debtor in possession financing fees and payments on Backstop Commitment Agreement     0 0   43,800
Other     (4,100) (6,300)   2,400
Changes in operating assets and liabilities     68,500 19,300   (131,800)
Contributions to pension plans and other post-retirement benefits     22,500 1,700   11,000
Net cash used in operating activities     (39,800) (19,000)   (396,400)
INVESTING ACTIVITIES            
Additions to property and equipment     8,700 23,700   82,900
Net proceeds from disposition of assets     30,100 1,500   44,200
Net cash provided by (used in) investing activities     21,400 (22,200)   (38,700)
FINANCING ACTIVITIES            
Issuance of first lien notes     520,000 0   0
Payments to Predecessor creditors     (129,900) 0   0
Borrowings on credit facility     0 0   596,000
Payments for Debtor-in-possession financing fees and backstop agreement     0 0   (43,800)
Repayments of credit facility borrowings     0 0   15,000
Reduction of long-term borrowings     0 0   9,700
Purchase of noncontrolling interests     0 0   (7,200)
Other     (1,400) 0   (1,900)
Net cash provided by financing activities     388,700 0   518,400
Effect of exchange rate changes on cash and cash equivalents and restricted cash     (100) (100)   (100)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH     370,200 (41,300)   83,200
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     325,800 696,000 $ 325,800 97,200
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 654,700 $ 180,400 $ 696,000 $ 654,700 $ 654,700 $ 180,400