XML 21 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net loss $ (73,511) $ (81,407)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 57,269 61,747
Amortization related to the 2.75% Convertible Notes (See Note 14) 4,255 0
Gain on sales of property and equipment, net (1,813) (6,835)
Stock-based compensation 3,936 7,221
Equity in net loss from unconsolidated joint ventures 30,506 72,835
Net income from affiliates (2,062) (3,884)
Non-cash impairment charges (See Note 4) 24,413 0
Other non-cash adjustments 1,832 4,627
Changes in assets and liabilities:    
Receivables (35,486) (79,090)
Contract assets, net 83,065 (20,426)
Inventories (16,138) (12,329)
Contributions to unconsolidated construction joint ventures and affiliates (24,223) (45,500)
Distributions from unconsolidated construction joint ventures and affiliates 7,146 830
Other assets, net (14,603) (32,785)
Accounts payable (44,103) 42,477
Accrued expenses and other current liabilities, net 12,000 (996)
Net cash provided by (used in) operating activities 12,483 (93,515)
Investing activities    
Purchases of marketable securities (4,996) 0
Proceeds from called marketable securities 20,000 0
Maturities of marketable securities 10,000 5,000
Purchases of property and equipment (52,236) (54,354)
Proceeds from sales of property and equipment 7,278 7,870
Cash paid to purchase businesses, net of cash and restricted cash acquired 0 (6,227)
Other investing activities, net (1,453) (215)
Net cash used in investing activities (21,407) (47,926)
Financing activities    
Proceeds from debt 50,000 75,499
Debt principal repayments (4,212) (43,842)
Cash dividends paid (11,842) (12,152)
Repurchases of common stock (728) (3,948)
Contributions from non-controlling partners 5,500 0
Distributions to non-controlling partners (7,860) (3,200)
Other financing activities, net 392 1,238
Net cash provided by financing activities 31,250 13,595
Net increase (decrease) in cash, cash equivalents and restricted cash 22,326 (127,846)
Cash, cash equivalents and restricted cash, beginning of period 268,108 278,629
Total cash, cash equivalents and restricted cash, end of period 290,434 150,783
Supplementary Information    
Right of use assets obtained in exchange for lease obligations 8,804 9,835
Cash paid for operating lease liabilities 10,601 8,811
Cash paid during the period for:    
Interest 8,874 8,381
Income taxes 937 11,463
Non-cash investing and financing activities:    
RSUs issued, net of forfeitures 4,834 8,541
Accrued cash dividends $ 5,935 $ 6,089