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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net loss $ (159,532) $ (95,941)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 52,319 60,062
Amortization of intangibles 3,479 3,483
Gain on sale of fixed assets, net 0 (33,391)
Impairment charges 654 458
Share-based compensation expense 2,705 1,625
Equity in losses of affiliates, net of dividends related to earnings 720 7,804
Loss on refinancing and extinguishment of debt 81,885 0
Paid-in-Kind Interest 27,500 0
Deferred income taxes 20 (5,096)
Other 2,376 1,178
Changes in operating assets and liabilities 5,024 59,583
Net cash provided by (used in) operating activities 17,150 (235)
Investing activities:    
Capital expenditures (46,760) (44,278)
Proceeds from Sale of Other Assets 0 52,633
Other 1,638 32
Net cash (used in) provided by investing activities (45,122) 8,387
Financing activities:    
Proceeds from issuance of long-term debt, net of debt issuance costs 925,020 0
Repayment and refinancing of long-term debt (927,046) 0
Principal payments on long-term debt (949) (2,536)
Decrease in short-term debt, net (1,240) (1,666)
Debt issuance costs and other fees (74,376) 0
Taxes withheld and paid on employees' share-based payment awards (209) (526)
Other (238) 651
Net cash used in financing activities (79,038) (4,077)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (4,565) 7,103
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (111,575) 11,178
Cash, cash equivalents and restricted cash at beginning of period 192,807 251,128
Cash, cash equivalents and restricted cash at end of period $ 81,232 $ 262,306