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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (11,097) $ 6,725
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 15,299 18,665
Amortization of route and customer acquisition costs and location contracts acquired 16,778 13,212
Amortization of debt issuance costs 1,414 436
Contributed capital, professional service fees paid by shareholder 0 2,891
Stock-based compensation 4,055 383
Loss on disposal of property and equipment 95 111
Net loss on write-off of route and customer acquisition costs and route and customer acquisition costs payable 446 187
Remeasurement of contingent consideration (2,233) (86)
Payments on consideration payable (1,961) 0
Accretion of interest on route and customer acquisition costs payable, contingent consideration, and contingent stock consideration 1,543 1,279
Deferred income taxes (11,788) 2,750
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,502) (2,643)
Income taxes receivable 0 (4,517)
Route and customer acquisition costs (539) (2,444)
Route and customer acquisition costs payable (604) (1,031)
Accounts payable and accrued expenses (5,662) 9,800
Other assets (126) (66)
Net cash provided by operating activities 4,118 45,652
Cash flows from investing activities:    
Purchases of property and equipment (17,656) (19,878)
Proceeds from the sale of property and equipment 119 24
Payments for location contracts acquired 0 (509)
Purchase of investment in convertible note 0 (5,000)
Business and asset acquisitions, net of cash acquired (5,611) (100,896)
Net cash used in investing activities (23,148) (126,259)
Cash flows from financing activities:    
Payments on term loan (9,000) (9,375)
Proceeds from delayed draw term loans 65,000 112,250
Payments on delayed draw term loans (3,875) (9,250)
Net payments on line of credit (53,500) 6,000
Payments for debt issuance costs (723) (600)
Proceeds from issuance of common stock, net 78,714 0
Proceeds from exercise of stock options and warrants 769 3,196
Payments on consideration payable (4,650) (2,091)
Payments on capital lease obligation 0 (531)
Net cash provided by financing activities 72,735 99,599
Net increase in cash and cash equivalents 53,705 18,992
Cash and cash equivalents:    
Beginning of period 125,403 92,229
End of period 179,108 111,221
Supplemental disclosures of cash flow information:    
Interest, net of amount of capitalized 9,803 8,146
Income taxes 0 1,759
Supplemental schedules of noncash investing and financing activities:    
Purchases of property and equipment in accounts payable and accrued liabilities 7,097 4,917
Common stock offering costs in accounts payable and accrued liabilities 1,476 0
Acquisition of businesses and assets:    
Total identifiable net assets acquired 7,563 119,138
Less cash acquired (212) (8,861)
Less consideration payable (1,740) (9,381)
Cash purchase price $ 5,611 $ 100,896