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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (20.1) $ (8.0)
Adjustments to reconcile net loss to cash used in operating activities    
Share-based compensation expense 0.4 0.5
Depreciation and amortization (including amounts in cost of revenue) 8.4 10.2
Amortization of deferred financing costs and debt discount 1.7 1.6
Loss on debt extinguishment 2.2 0.0
Loss from equity investees 1.2 4.0
Realized and unrealized gains on equity method investments 0.0 (16.1)
Deferred income tax expense (benefit) 0.1 (5.4)
Other operating activities, net 1.2 (0.5)
Changes in assets and liabilities:    
Accounts receivable 9.0 1.6
Contract assets 36.4 (15.1)
Other current assets 0.6 (1.1)
Inventory 0.6 (2.4)
Other assets 2.8 2.5
Accounts payable (20.0) (36.3)
Accrued liabilities (20.6) (19.0)
Contract liabilities (28.1) 6.3
Other current liabilities 0.3 (1.4)
Other liabilities (1.5) 1.6
Cash used in operating activities (25.4) (77.0)
Cash flows from investing activities    
Purchase of property, plant and equipment (5.6) (3.7)
Proceeds from disposal of property, plant and equipment 3.1 0.3
Loans to equity method investee (1.2) 0.0
Proceeds from sale of equity method investments 0.0 54.2
Other investing activities 0.4 0.4
Cash (used in) provided by investing activities (3.3) 51.2
Cash flows from financing activities    
Proceeds from issuance of preferred stock 25.0 0.0
Proceeds from lines of credit 0.0 40.0
Payments on lines of credit (30.0) (57.0)
Proceeds from other debt obligations, net of deferred financing costs 0.0 0.9
Principal payments on other debt obligations (7.6) (4.6)
Payments to non-controlling interests and redeemable non-controlling interests related to sale of equity method investment 0.0 (15.9)
Dividend payments (0.3) (1.2)
Other financing activities 0.0 (0.2)
Cash used in financing activities (12.9) (38.0)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (0.8) (0.4)
Net decrease in cash and cash equivalents, including restricted cash (42.4) (64.2)
Cash, cash equivalents and restricted cash, beginning of period 82.3 82.2
Cash, cash equivalents and restricted cash, end of period $ 39.9 $ 18.0