XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net (loss) income $ (11,975) $ 32,366
Adjustments to reconcile net (loss) income to net cash (used) in/provided by operating activities:    
Depreciation, amortization and obsolescence allowance 19,125 19,957
Amortization of contract costs (1,654) (3,314)
Amortization of engine overhauls 2,485 2,098
Deferred income taxes (3,566) (118)
Loss on disposition of property and equipment 219 62
Loss on marketable securities 10 9,774
Gain on extinguishment of debt (70) (53)
Changes in operating assets and liabilities:    
Receivables, net (51) (25,850)
Notes receivable (1,641) (12,747)
Spare parts and supplies (450) (149)
Prepaid expenses and other 471 3,699
Operating lease right-of-use asset 140 41
Accounts payable (5,870) (3,467)
Accrued payroll and employee benefits 246 (1,828)
Other accrued expenses 29 81
Long-term deferred revenue 0 (9,046)
Contract liabilities 843 (2,534)
Deferred revenues (16,561) (13,474)
Income taxes payable 0 4,633
Other long-term liabilities (222) 35
Net Cash (Used) in/Provided by Operating Activities (18,492) 166
Cash Flows from Investing Activities    
Additions to property and equipment (3,017) (2,963)
Proceeds on disposition of property and equipment 19 10
Purchase of marketable securities (2,745) (1,921)
Sale of marketable securities 20,000 0
Net Cash Provided by/(Used) in Investing Activities 14,257 (4,874)
Cash Flows from Financing Activities    
Repayment of long-term debt (8,598) (2,184)
Dividends paid on preferred stock (915) (594)
Cancellation of stock option 0 (969)
Repurchased stock (3,888) (10,733)
Net Cash Used in Financing Activities (13,401) (14,480)
Decrease in Cash, Cash Equivalents and Restricted Cash (17,636) (19,188)
Cash, Cash Equivalents and Restricted Cash, beginning of period 34,182 38,619
Cash, Cash Equivalents and Restricted Cash, end of period $ 16,546 $ 19,431