XML 23 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities:    
Net loss $ (61,129) $ (84,049)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 38,867 75,048
Amortization of debt issuance costs and discounts 1,324 1,335
Loss on early extinguishment of debt and write-off of discounts and debt issuance costs 8,020  
Loss on sale or disposal of assets 1,739 6,502
Loss on derivatives   1
Deferred benefit from income tax (41,801) (49,957)
Equity-based compensation 4,114 29,590
Changes in assets and liabilities:    
Accounts receivable (5,055) (5,443)
Inventories (4,812) (7,451)
Prepaid expenses and other current assets (4,046) (2,884)
Accounts payable 27,198 8,760
Accrued salaries, wages and benefits (3,332) 5,024
Deferred revenue 54,875 54,271
Other accrued expenses (12,087) 866
Other assets and liabilities 1,817 618
Net cash provided by operating activities 5,692 32,231
Cash Flows From Investing Activities:    
Capital expenditures (56,853) (47,846)
Change in restricted cash (950) 344
Net cash used in investing activities (57,803) (47,502)
Cash Flows From Financing Activities:    
Proceeds from issuance of debt 998,306  
Repayments of long-term debt (1,006,336) (4,212)
Proceeds from draw on revolving credit facility 60,649 60,000
Repayments of revolving credit facility (20,000)  
Debt issuance costs (15,390)  
Dividends paid to stockholders (110) (17,674)
Payment of tax withholdings on equity-based compensation through shares withheld (749) (334)
Exercise of stock options   12
Net cash provided by financing activities 16,370 37,792
Change in Cash and Cash Equivalents (35,741) 22,521
Cash and Cash Equivalents—Beginning of period 68,958 18,971
Cash and Cash Equivalents—End of period 33,217 41,492
Supplemental Disclosures of Noncash Investing and Financing Activities    
Capital expenditures in accounts payable 12,237 41,567
Dividends declared, but unpaid $ 815 $ 21,807