XML 95 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income (loss) $ (39,545) $ (20,914) $ 2,084
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 116,592 94,456 40,786
Amortization of debt issuance costs and discounts on debt 4,532 5,062 1,593
Share-based compensation 10,045 9,641 8,754
Loss on disposal of assets 919 3,336 441
Gain on revaluation of contingent consideration     (1,719)
Loss on extinguishment of debt 9,150   1,708
Change in fair value of derivative 4,168 (1,786) (178)
Deferred income taxes (1,505) 10,380 (7,825)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (1,852) 1,913 (1,593)
Prepaid expenses 460 1,469 74
Inventories and other current assets (1,497) (1,775) 1,553
Other assets 265 (368) (2,056)
Accounts payable and other accrued expenses 11,569 (4,915) (22,519)
Accrued taxes, other than income taxes 184 (124) 511
Other liabilities 420 1,575 488
Net cash provided by operating activities 113,905 97,950 22,102
Cash flows from investing activities      
Purchase of property and equipment, net of change in construction payables (107,267) (68,175) (29,463)
Acquisition of businesses, net of cash acquired (148,953)   (724,473)
Purchase of intangibles and other assets   (1,134) (2,220)
Proceeds from disposal of property and equipment 247 103  
Other investing activities (77)   (31)
Net cash used in investing activities (256,050) (69,206) (756,187)
Cash flows from financing activities      
Proceeds from issuance of senior notes 375,000    
Borrowings on revolving credit facility 145,000   6,000
Repayments of revolving credit facility (145,000)   (36,000)
Proceeds from term loans     969,000
Repayments of term loans (220,000) (8,000) (150,000)
Repayments of notes payable (3,070) (506) (3,334)
Principal payments under finance leases (2,485) (1,039) (610)
Payments for debt issuance costs (6,686) (219) (4,035)
Payments for debt extinguishment and modification costs (4,763)    
Proceeds from issuance of common stock, net of issuance costs 57 26,930 169
Tax withholding on share-based payments (301) (820) (1,015)
Repurchases of common stock   (19,598)  
Purchase of derivative     (3,152)
Proceeds from leased equipment obligation     743
Net cash provided by (used in) financing activities 137,752 (3,252) 777,766
Cash and cash equivalents      
Change in cash and cash equivalents (4,393) 25,492 43,681
Balance, beginning of period 116,071 90,579 46,898
Balance, end of period 111,678 116,071 90,579
Supplemental cash flow disclosures      
Cash paid for interest 63,735 60,542 14,143
Cash paid (received) for income taxes, net (193)   (84)
Non-cash investing and financing activities      
Payables incurred for capital expenditures 15,075 11,597 2,566
Assets acquired under finance lease obligations 7,559 $ 2,398 2,758
Loss on extinguishment of debt 4,388    
Impairment of right-of-use asset 12,272    
Common stock issued in connection with acquisitions $ 16,608   $ 101,486