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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended
Feb. 05, 2021
Mar. 31, 2021
Mar. 31, 2022
Cash flows from operating activities      
Net income (loss) $ 250,228 $ (18,224) $ (36,656)
Adjustments to reconcile net income (loss) to net cash flow from operating activities:      
Depreciation and amortization 20,622 14,244 25,605
Amortization of intangible assets 0 8,459 14,099
Gain on sale of operating assets, net 0 0 (6,767)
Reorganization items, net (280,790) 0 0
Deferred income taxes 2,501 (4,285) (6,143)
Amortization of share-based compensation 710 2,018 6,795
Other costs, net (10,754) (1,660) (1,190)
Changes in components of working capital      
Change in taxes receivable (1,789) 1,069 (1,820)
Net changes in other operating assets and liabilities (26,176) 16,563 (45,736)
Net cash provided by (used in) operating activities (45,448) 18,184 (51,813)
Cash flows from investing activities      
Capital expenditures (14,629) (15,332) (47,045)
Proceeds from disposal of assets, net 194 231 14,247
Net cash used in investing activities (14,435) (15,101) (32,798)
Cash flows from financing activities      
Issuance of second lien notes 200,000 0 0
Borrowings on credit facilities 177,500 0 0
Repayments of credit facilities (545,000) 0 0
Debt issuance costs (23,664) 0 0
Warrants exercised 0 0 118
Taxes withheld on employee stock transactions (1) 0 (4,926)
Net cash used in financing activities (191,165) 0 (4,808)
Net increase (decrease) in cash, cash equivalents and restricted cash (251,048) 3,083 (89,419)
Cash, cash equivalents and restricted cash, beginning of period 365,041 113,993 196,722
Cash, cash equivalents and restricted cash, end of period $ 113,993 $ 117,076 $ 107,303