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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net (loss) income $ (27,560) $ 10,068
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization expense 6,036 8,796
Deferred income taxes (5,065) (468)
Stock based compensation 467 1,324
Amortization of deferred financing costs 259 250
Bad debt expense (247) 2,355
Loss on derivatives, net (7,024) 24,587
Current period cash settlements on derivatives, net 1,185 (16,293)
Changes in assets and liabilities:    
Decrease in accounts receivable 14,926 30,847
Increase in accounts receivables—affiliates (211) (905)
Decrease in inventory 1,365 2,690
Increase in customer acquisition costs (213) (1,345)
Increase in prepaid and other current assets (3,012) (11,967)
Decrease in intangible assets—customer acquisition 27 0
Decrease in other assets 254 289
Decrease in accounts payable and accrued liabilities (5,271) (10,892)
Increase (decrease) in accounts payable—affiliates 433 (75)
Increase in other current liabilities 41 149
Decrease in other non-current liabilities (22) (21)
Net cash (used) provided in operating activities (23,632) 39,389
Cash flows from investing activities:    
Purchases of property and equipment (520) (536)
Net cash used in investing activities (520) (536)
Cash flows from financing activities:    
Buyback of Series A Preferred Stock 0 (1,222)
Borrowings on notes payable 191,000 75,000
Payments on notes payable (156,000) (103,000)
Net borrowings on subordinated debt facility 10,000 0
Restricted stock vesting 0 (39)
Payment of dividends to Class A common stockholders (2,651) (2,606)
Payment of distributions to non-controlling unitholders (6,439) (7,172)
Payment of Preferred Stock dividends (1,951) (2,011)
Net cash provided (used) in financing activities 33,959 (41,050)
Increase (decrease) in Cash, cash equivalents and Restricted cash 9,807 (2,197)
Cash, cash equivalents and Restricted cash—beginning of period 71,684 57,668
Cash, cash equivalents and Restricted cash—end of period 81,491 55,471
Non-cash items:    
Property and equipment purchase accrual 23 55
Cash paid (received) during the period for:    
Interest 889 1,327
Taxes $ (361) $ 465