XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 6,218 $ (18,049)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation and amortization 87,786 95,020
Long-lived asset impairment 11,663 13,753
Inventory write-downs 1,018 984
Amortization of deferred financing costs 3,094 3,904
Amortization of debt discount 694 652
Amortization of terminated interest rate swaps 291 68
Debt extinguishment costs 2,450 291
Interest rate swaps 327 980
Stock-based compensation expense 3,763 4,075
Non-cash restructuring charges 0 823
Provision for doubtful accounts 908 1,211
Gain on sale of property, plant and equipment (2,188) (1,789)
Deferred income tax benefit (1,327) (1,499)
Amortization of contract costs 6,281 0
Changes in assets and liabilities:    
Accounts receivable, trade (10,458) 1,290
Inventory (50) (1,784)
Other current assets 484 (1,159)
Contract costs (15,998) 0
Accounts payable and other liabilities 9,858 2,139
Deferred revenue 507 186
Other (106) 157
Net cash provided by continuing operations 105,215 101,253
Net cash provided by discontinued operations 0 45
Net cash provided by operating activities 105,215 101,298
Cash flows from investing activities:    
Capital expenditures (132,172) (99,409)
Proceeds from sale of property, plant and equipment 19,193 8,889
Proceeds from insurance 252 0
Net cash used in investing activities (112,727) (90,520)
Cash flows from financing activities:    
Proceeds from borrowings of long-term debt 383,830 969,000
Repayments of long-term debt (343,636) (970,000)
Payments for debt issuance costs (3,332) (14,855)
Payments for settlement of interest rate swaps that include financing elements (207) (1,041)
Dividends to Archrock stockholders (24,018) (16,992)
Distributions to noncontrolling partners in the Partnership (11,766) (20,908)
Proceeds from stock options exercised 262 939
Proceeds from stock issued under our employee stock purchase plan 416 0
Purchases of treasury stock (1,041) (2,180)
Contribution from Exterran Corporation 0 44,720
Net cash provided by (used in) financing activities 508 (11,317)
Net decrease in cash and cash equivalents (7,004) (539)
Cash and cash equivalents at beginning of period 10,536 3,134
Cash and cash equivalents at end of period 3,532 2,595
Supplemental disclosure of Non-Cash Transactions:    
Issuance of Archrock common stock pursuant to merger, net of tax $ 53,391 $ 0