XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 12,301 $ 16,358
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,762 44,065
Amortization of debt costs, discounts and premiums 829 894
Equity-based compensation expense (net of amounts capitalized) 11,963 14,181
Loss on debt extinguishment and redemption - 2024 Euro Notes 11,885 14,698
Loss on debt extinguishment and redemption - 2022 Notes 11,885 14,698
Gains on foreign exchange - 2024 Euro Notes (31,561) (13,590)
Gains - equipment transactions and other, net 1,308 242
Deferred income taxes 3,138 3,558
Changes in operating assets and liabilities:    
Accounts receivable (3,529) 90
Prepaid expenses and other current assets (5,150) 2,696
Change in valuation - interest rate swap 28,781  
Accounts payable, accrued liabilities and other long-term liabilities 37,014 3,804
Deposits and other assets (146) (141)
Net cash provided by operating activities 83,814 86,855
Cash flows from investing activities:    
Purchases of property and equipment (35,409) (32,661)
Net cash used in investing activities (35,409) (32,661)
Cash flows from financing activities:    
Dividends paid (83,153) (73,082)
Principal payments on installment payment agreement (790) (4,347)
Principal payments of finance lease obligations (11,099) (11,936)
Proceeds from exercises of stock options 334 875
Net cash used in financing activities (24,052) (50,874)
Effect of exchange rates changes on cash (3,130) (658)
Net increase in cash, cash equivalents and restricted cash 21,223 2,662
Cash, cash equivalents and restricted cash, beginning of period 328,624 371,301
Cash, cash equivalents and restricted cash, end of period 349,847 373,963
Supplemental disclosure of non-cash investing and financing activities:    
Fair value of equipment acquired in lease 1,088  
Finance lease obligations incurred 23,685 16,218
PP&E obtained for installment payment agreement 1,088  
Senior notes    
Cash flows from financing activities:    
Redemption and extinguishment - 2022 Notes (375,354)
2022 Notes    
Cash flows from financing activities:    
Repurchase and extinguishment of 2022 Notes   (459,317)
Senior secured 2026 Notes    
Cash flows from financing activities:    
Net proceeds from issuance of senior secured 2026 Notes - net of debt costs of $1,317   496,933
Senior unsecured 2027 Notes    
Cash flows from financing activities:    
Net proceeds from issuance of senior unsecured 2027 Notes - net of debt costs of $1,290 $ 446,010