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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net earnings (loss) $ (141,514) $ 7,532 $ (26,680)
Adjustments to reconcile net earnings (loss) to net cash (used in) provided by operating activities:      
Depreciation and amortization 79,254 68,027 65,743
Deferred income taxes (28,552) (59,272) (2,424)
Gain (loss) on asset dispositions 753 298 (3,350)
Equity in loss (income) of unconsolidated affiliate (188) 385 (151)
Impairment of assets 109,024 368 407
Inventory valuation reserves 2,230 2,410 5,179
Changes in operating assets and liabilities:      
Accounts receivable [1] 3,788 (28,329) (351)
Inventories of spare parts [1] 4,328 (6,793) (5,064)
Income taxes receivable [1] 320 186 220
Other assets [1] (21,105) (9,050) (14,837)
Accounts payable and accrued liabilities [1] 16,812 5,754 (19,111)
Other long-term liabilities [1] (7,502) (619) (142)
Net cash (used in) provided by operating activities [1] 17,648 (19,103) (564)
Investing activities:      
Purchase of property and equipment (43,176) (56,757) (81,842)
Proceeds from asset dispositions 14,245 1,296 14,983
Purchase of short-term investments (284,481) (637,980) (321,453)
Proceeds from sale of short-term investments 334,488 862,942 316,543
Payments of deposits on aircraft 0 0 (2,249)
Loan to unconsolidated affiliate (274) 0 (1,200)
Loan to third party 0 (824) 0
Business acquisitions net of cash acquired 0 (126,644) 0
Net cash provided by (used in) investing activities 20,802 42,033 (75,218)
Financing activities:      
Debt Issuance costs (874) 0 0
Repurchase of common stock (106) (256) (529)
Proceeds from line of credit 34,295 152,150 264,700
Payments on line of credit (151,795) (168,650) (188,200)
Proceeds from related party term loan 130,000 0 0
Net cash provided by (used in) financing activities 11,520 (16,756) 75,971
Effect of exchange rate changes on cash and cash equivalents (176) 0 0
Increase (decrease) in cash, cash equivalents and restricted cash 49,794 6,174 189
Cash, cash equivalents and restricted cash at beginning of period 8,770 2,596 2,407
Cash, cash equivalents and restricted cash at end of period 58,564 8,770 2,596
Cash paid during the period for:      
Interest 30,828 30,517 29,169
Income Taxes 2,273 1,231 2,637
Accrued payables related to purchases of property and equipment $ 52 $ 42 $ 29
[1] Net of the effect of business acquisitions.