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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net loss $ (50,317) $ (89,893)
Adjustments to reconcile net loss to cash provided by operating activities    
Derecognition of the TRA liability (122,515) 0
Depreciation and amortization 92,700 84,278
Equity-based compensation expense 11,458 12,356
Amortization of deferred financing costs 267 123
Deferred tax provision (benefit) 12,824 (25,772)
Reversal of deferred tax assets associated with the TRA 49,775 0
Provision for bad debts 358 10,410
Gain on sale of assets (2,091) (1,095)
Changes in fair value of investments (2,009) (1,061)
Realized loss on sale of investment 478 0
Unrealized loss on derivatives 49 296
Other (1,187) 0
Changes in operating assets and liabilities    
Accounts receivable 23,917 82,042
Inventories 6,146 20,032
Other current assets 7,097 5,990
Other assets 1,948 (4)
Accounts payable (962) 474
Deferred revenue (9,039) (29,479)
Accrued and other current liabilities 9,272 (28,556)
Other non-current liabilities (3,584) (12,295)
Net cash provided by operating activities 24,585 27,846
Cash flows from investing activities    
Purchases of property, plant and equipment (18,604) (29,777)
Proceeds from sale of assets 10,690 2,235
Proceeds from sale of investments 11,499 11,101
Purchase of investments (60,764) (921)
Other (64) 0
Net cash used in investing activities (57,243) (17,362)
Cash flows from financing activities    
Repayments of borrowings (190) (7,120)
Proceeds from borrowings 0 318
Costs of Preferred Stock conversion to common stock 0 (595)
Dividends paid on common stock (50,424) (62,333)
Dividends paid on Preferred Stock 0 (1)
Distribution to noncontrolling interest 0 (8,027)
Net treasury shares withheld for taxes (2,272) (3,046)
Proceeds from the issuance of ESPP shares 1,252 973
Net cash used in financing activities (51,634) (79,831)
Effect of exchange rate changes on cash (1,896) (3,162)
Net decrease in cash and cash equivalents (86,188) (72,509)
Cash and cash equivalents at beginning of period 319,526 602,359
Cash and cash equivalents at end of period $ 233,338 $ 529,850