XML 23 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (161,707) $ (19,756) $ (1,151,223)
Adjustments to reconcile net loss to net cash provided by operating activities      
Noncash interest expense 15,550 18,980 19,120
Extinguishment costs related to repayment of First and Second Lien Credit Agreements 11,275    
Impairment of goodwill and long-lived assets     1,232,000
Loss on Take 5 (7,700)   79,165
Depreciation and amortization 238,598 232,573 225,233
Fair value adjustments related to contingent consideration 16,091 6,064 (45,662)
Deferred income taxes (14,357) (68,063) (213,615)
Equity-based compensation 89,774 1,313 (7,877)
Equity in earnings of unconsolidated affiliates (5,138) (4,850) (4,784)
Distribution received from unconsolidated affiliates 968 707 2,058
Loss on disposal of property and equipment 21,091    
Loss on divestiture   1,033  
Changes in operating assets and liabilities, net of effects from purchases of businesses:      
Accounts receivable 116,105 (33,290) 73,693
Prepaid expense and other assets 24,687 19,114 (2,101)
Accounts payable 10,880 21,635 (14,364)
Accrued compensation and benefits 4,514 19,417 (2,930)
Deferred revenues 4,535 2,207 12,688
Other accrued expenses and other liabilities (27,136) (45,741) (75,053)
Net cash provided by operating activities 345,730 151,343 126,348
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of businesses, net of cash acquired (68,057) (10,582) (186,014)
Purchase of investment in unconsolidated affiliates   (1,881) (269)
Purchase of property and equipment (30,946) (52,419) (47,162)
Proceeds from divestiture   1,750 2,000
Return on investments from unconsolidated affiliates   1,324  
Net cash used in investing activities (99,003) (61,808) (231,445)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings under lines of credit 213,927 20,070 30,000
Payments on lines of credit (164,828) (19,697) (30,000)
Proceeds from accounts receivable securitization facility 120,000    
Payment under accounts receivable securitization facility (120,000)    
Proceeds from issuance of long-term debt     350,368
Proceeds from government loans for COVID-19 relief 4,822    
Proceeds from new borrowings under the New Senior Secured Credit Facilities 2,100,000    
Principal payments on long-term debt (3,229,848) (25,810) (27,070)
Proceeds from recapitalization, net of fees 925,216    
Settlement of Daymon credit agreement     (205,128)
Contingent consideration payments (18,314) (21,172) (26,811)
Financing fees paid (58,391)   (17,071)
Holdback payments (2,736) (1,224) (845)
Contribution from noncontrolling interest   10,257  
Redemption of noncontrolling interest   (632) (3,303)
Net cash (used in) provided by financing activities (230,152) (38,208) 70,140
Net effect of foreign currency fluctuations on cash 4,366 3,179 (9,146)
Net change in cash, cash equivalents and restricted cash 20,941 54,506 (44,103)
Cash, cash equivalents and restricted cash, beginning of period 199,025 144,519 188,622
Cash, cash equivalents and restricted cash, end of period 219,966 199,025 144,519
SUPPLEMENTAL CASH FLOW INFORMATION      
Cash payments for interest 151,030 210,209 228,230
Cash payments for income taxes 18,263 59,465 70,248
Non-cash proceeds from divestitures     6,750
Purchase of property and equipment recorded in accounts payable and accrued expenses 508 $ 250 $ 2,690
Deferred taxes related to transaction costs in connection with recapitalization 3,968    
Note payable related to settlement of contingent consideration $ 4,048