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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2020
May 31, 2020
Sep. 30, 2019
Cash flows from operating activities:      
Net income (loss) $ (29,887) $ (104,225) $ (54,075)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 19,935 35,647 68,428
Allowance for doubtful accounts, net of recoveries (598) 1,209 (90)
Write-off of obsolete inventory 0 0 502
Gain on dispositions of property and equipment, net (4,289) (989) (2,184)
Reorganization items, net 0 18,713 0
Stock-based compensation expense 973 552 2,013
Phantom stock compensation expense 0 0 (99)
Amortization of debt issuance costs and discount 3,194 1,084 2,335
Interest paid in-kind 907 0 0
Loss on extinguishment of debt 0 4,215 0
Impairment 388 17,853 1,378
Deferred income taxes (1,861) (546) 1,020
Change in other noncurrent assets (722) (800) 3,125
Change in other noncurrent liabilities 83 1,524 (4,163)
Changes in current assets and liabilities:      
Receivables 15,647 44,041 (2,126)
Inventory (2) 1,441 (3,652)
Prepaid expenses and other current assets 1,528 1,121 30
Accounts payable 175 (15,174) 2,346
Deferred revenues 594 (1,219) (106)
Accrued expenses (6,802) (6,692) (6,044)
Net cash provided by (used in) operating activities (737) (2,245) 8,638
Cash flows from investing activities:      
Purchases of property and equipment (2,384) (10,848) (40,543)
Proceeds from sale of property and equipment 8,303 1,665 4,778
Proceeds from insurance recoveries 155 22 641
Net cash provided by (used in) investing activities 6,074 (9,161) (35,124)
Cash flows from financing activities:      
Debt repayments 0 (175,000) 0
Proceeds from debt issuance 0 195,187 0
Proceeds from DIP Facility 0 4,000 0
Repayment of DIP Facility 0 (4,000) 0
Payments of debt issuance costs 0 (7,625) 0
Purchase of treasury stock 0 (8) (125)
Net cash provided by (used in) financing activities 0 12,554 (125)
Net increase (decrease) in cash, cash equivalents and restricted cash 5,337 1,148 (26,611)
Beginning cash, cash equivalents, and restricted cash 26,765 25,617 54,564
Ending cash, cash equivalents, and restricted cash 32,102 26,765 27,953
Supplementary disclosure:      
Interest Paid 1,010 8,105 32,773
Income tax paid 809 893 3,103
Reorganization items paid 13,678 14,947 0
Change in capital expenditure accruals $ (141) $ (1,924) $ (4,267)