XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (91,568) $ 30,879
Adjustments to reconcile net income to cash provided by operating activities:    
Loss from discontinued operations, net of tax   273
Depreciation and amortization 98,671 89,588
Long-lived asset impairment 61,405 11,724
Goodwill impairment 99,830  
Inventory write-downs 695 492
Amortization of operating lease ROU assets 1,627 1,425
Amortization of deferred financing costs 2,856 3,041
Amortization of debt discount 187 545
Debt extinguishment loss 3,971 3,653
Interest rate swaps 928 (802)
Stock-based compensation expense 5,778 3,869
Non-cash restructuring charges 162  
Provision for credit losses 2,282 335
(Gain) loss on sale of assets, net 1,245 (1,785)
Gain on March 2020 Disposition (3,172)  
Deferred income tax benefit (24,117) (1,819)
Amortization of contract costs 13,656 10,724
Deferred revenue recognized in earnings (12,762) (25,227)
Changes in assets and liabilities:    
Accounts receivable, trade 17,569 (5,015)
Inventory 2,615 2,160
Other assets (4,268) 12,817
Contract costs, net (8,129) (14,128)
Accounts payable and other liabilities (10,829) 6,102
Deferred revenue 8,253 19,747
Other 189 65
Net cash provided by operating activities 167,074 148,663
Cash flows from investing activities:    
Capital expenditures (113,289) (234,972)
Proceeds from March 2020 Disposition 24,179  
Proceeds from sale of property, plant and equipment and other assets 5,071 21,954
Proceeds from insurance and other settlements 1,351 676
Net cash used in investing activities (82,688) (212,342)
Cash flows from financing activities:    
Borrowings of long-term debt 722,500 1,254,000
Repayments of long-term debt (762,500) (1,151,000)
Payments for debt issuance costs (943) (8,829)
Proceeds from (payments for) settlement of interest rate swaps that include financing elements (787) 800
Dividends paid to stockholders (44,347) (34,437)
Proceeds from stock issued under employee stock purchase plan 367 407
Purchases of treasury stock (834) (857)
Contribution from Exterran Corporation 678  
Net cash provided by (used in ) financing activities (85,866) 60,084
Net decrease in cash and cash equivalents (1,480) (3,595)
Cash and cash equivalents, beginning of period 3,685 5,610
Cash and cash equivalents, end of period $ 2,205 $ 2,015