XML 38 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (131,891) $ (307,045) $ (64,761)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Impairment expense (0) 287,454 49,036
Depreciation and amortization expense 123,866 113,693 122,503
Equity in income of joint ventures (16,747) (13,589) (9,639)
Stock-based compensation expense 54,162 0 0
Changes in fair value of investments (511) 0 0
Elimination of unrealized profit on sales to joint ventures 174 2,085 3,558
Debt issuance expense 5,166 0 0
Gain on disposal of assets (1,000) (10,085) 0
Deferred taxes (737) (20,596) (18,296)
Unrealized foreign exchange 1,407 2,106 337
Changes in assets and liabilities:      
Accounts receivable, net (20,256) 38,486 (24,172)
Inventories 906 2,780 (6,797)
Other assets 12,683 532 (1,966)
Accounts payable and accrued liabilities 5,371 (25,161) 18,892
Other liabilities (5,981) 7,150 1,119
Income taxes, net (2,056) (4,241) 3,548
Dividends received from joint ventures 4,058 3,646 3,128
Other (12,470) (6,824) 4,719
Net cash provided by operating activities 16,144 70,391 81,209
Cash flows from investing activities:      
Capital expenditures (81,511) (112,387) (104,062)
Cash and cash equivalents and restricted cash acquired in the Merger 189,739    
Proceeds from disposal of assets 3,818 15,614 10
Payment for acquisition of business, net of cash acquired     (47,882)
Net cash provided by (used in) investing activities 112,046 (96,773) (151,934)
Cash flows from financing activities:      
Proceeds from release of collateral deposits 162 2,271 28,280
Repayment of financed insurance premium (227) 0 0
Payments of loan issuance and other transaction costs (5,123) (1,095) (3,036)
Payment of withholding taxes on stock-based compensation plans (818) 0 0
Repayments of finance leases (1,170) (1,801) (3,322)
Net cash provided by (used in) financing activities (7,176) (625) 21,922
Effect of exchange rate changes on cash and cash equivalents (1,876) 631 566
Net increase (decrease) to cash and cash equivalents and restricted cash 119,138 (26,376) (48,237)
Cash and cash equivalents and restricted cash at beginning of year 120,709 147,085 195,322
Cash and cash equivalents and restricted cash at end of year $ 239,847 $ 120,709 $ 147,085