XML 21 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ 28,598 $ 30,052 $ (81,445)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 110,522 108,745 114,187
Non-cash goodwill impairment 0 0 45,107
Amortization of debt discounts 5,735 4,688 5,905
Amortization of debt issuance costs 3,592 6,154 7,733
Share-based compensation 9,925 10,877 5,862
Deferred income taxes (2,430) (54,585) 14,849
Equity in losses of investment 3,918 2,368 2,166
(Gain) loss on disposition of assets, net (146) 39 (1,290)
Loss on extinguishment of long-term debt 1,183 397 3,540
Unrealized (gains) losses and ineffectiveness on derivative contracts, net (2,324) (4,423) (8,800)
Changes in operating assets and liabilities:      
Accounts receivable, net 20,920 (28,424) (22,437)
Other current assets (9,904) (15,680) (2,386)
Income tax payable 964 3,949 (4,571)
Accounts payable and accrued liabilities (352) 33,381 (630)
Other non-current, net 26,543 (45,900) (39,076)
Net cash provided by operating activities 196,744 51,638 38,714
Cash flows from investing activities:      
Capital expenditures (137,083) (231,127) (186,487)
Distributions from equity investment 0 0 1,200
Proceeds from sale of equity investment 0 0 25,000
Proceeds from sale of assets 25 10,000 13,177
Other 1,044 0 0
Net cash used in investing activities (136,014) (221,127) (147,110)
Cash flows from financing activities:      
Issuance of convertible senior notes 125,000 0 125,000
Repurchase of convertible senior notes (60,365) 0 (138,401)
Proceeds from term loan 0 100,000 0
Repayment of term loans (63,807) (194,758) (62,742)
Repayment of Nordea Q5000 Loan (35,714) (35,715) (35,714)
Repayment of MARAD Debt (6,532) (6,222) (5,926)
Debt issuance costs (3,867) (3,717) (4,655)
Net proceeds from issuance of common stock 0 219,504 96,547
Payments related to tax withholding for share-based compensation (1,407) (2,042) (341)
Proceeds from issuance of ESPP shares 506 432 708
Net cash provided by (used in) financing activities (46,186) 77,482 (25,524)
Effect of exchange rate changes on cash and cash equivalents (1,677) 1,952 (3,625)
Net increase (decrease) in cash and cash equivalents 12,867 (90,055) (137,545)
Cash and cash equivalents:      
Balance, beginning of year 266,592 356,647 494,192
Balance, end of year $ 279,459 $ 266,592 $ 356,647