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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (73,236) $ 51,286
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss from discontinued operations, net of tax   273
Depreciation and amortization 145,950 137,997
Long-lived and other asset impairment 72,132 18,821
Goodwill impairment 99,830 0
Inventory write-downs 915 662
Amortization of operating lease ROU assets 2,555 2,151
Amortization of deferred financing costs 4,179 4,569
Amortization of debt discount 187 726
Debt extinguishment loss 3,971 3,653
Interest rate swaps 2,094 (1,063)
Stock-based compensation expense 8,423 6,145
Non-cash restructuring charges 1,660 0
Provision for credit losses 2,235 979
(Gain) loss on sale of assets, net 1,402 (9,644)
Gain on sale of business (12,475) 0
Deferred income tax benefit (18,288) (330)
Amortization of contract costs 20,286 16,834
Deferred revenue recognized in earnings (17,183) (33,538)
Changes in assets and liabilities, net of acquisition:    
Accounts receivable, trade 31,134 (7,005)
Inventory 3,244 2,584
Other assets (23,539) 13,272
Contract costs, net (10,390) (20,975)
Accounts payable and other liabilities 10,679 8,996
Deferred revenue 10,696 27,390
Other 373 111
Net cash provided by continuing operations 266,834 223,894
Net cash used in discontinued operations   (269)
Net cash provided by operating activities 266,834 223,625
Cash flows from investing activities:    
Capital expenditures (130,343) (303,467)
Proceeds from sale of business 32,914 0
Proceeds from sale of property, plant and equipment and other assets 14,043 55,674
Proceeds from insurance and other settlements 1,391 2,830
Cash paid in Elite Acquisition   (214,233)
Net cash used in investing activities (81,995) (459,196)
Cash flows from financing activities:    
Borrowings of long-term debt 871,500 1,685,250
Repayments of long-term debt (988,500) (1,386,250)
Payments for debt issuance costs (943) (8,829)
Proceeds from (payments for) settlement of interest rate swaps that include financing elements (1,856) 1,123
Dividends paid to stockholders (66,655) (56,499)
Proceeds from stock issued under employee stock purchase plan 522 599
Purchases of treasury stock (1,794) (2,007)
Contribution from Exterran Corporation 678 0
Net cash provided by (used in) financing activities (187,048) 233,387
Net decrease in cash and cash equivalents (2,209) (2,184)
Cash and cash equivalents, beginning of period 3,685 5,610
Cash and cash equivalents, end of period 1,476 3,426
Supplemental disclosure of non-cash investing and financing transactions:    
Non-cash consideration received in July 2020 Disposition $ 6,500 0
Issuance of Archrock common stock pursuant to Elite Acquisition, net of tax   $ 225,880