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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income (loss) $ 33.3 $ (5.0)
Adjustments to reconcile net income (loss) to net cash provided by operations:    
Depreciation and amortization 33.6 25.8
Amortization of debt issuance costs 0.5 1.2
Share-based compensation 9.1 9.0
Loss on disposal and right-of-use asset write-downs 4.5 0.0
Loss on debt extinguishment 0.0 18.8
Provision for credit losses 1.7 1.0
Deferred income taxes 15.1 (17.3)
Non-cash lease expense 6.0 5.6
Changes in operating assets and liabilities:    
Accounts receivable and related party accounts receivable (5.4) 25.4
Prepaid expenses and other assets (10.5) (10.1)
Accounts payable 4.5 7.2
Accrued compensation and benefits (44.2) (12.9)
Lease liabilities (5.9) (5.5)
Other liabilities 12.7 8.3
Customer liabilities and customer liabilities - related party (9.7) (7.5)
Net cash provided by operating activities 45.3 44.0
Investing activities    
Purchases of property, equipment, and software (31.1) (32.3)
Acquisition of SCI, net of cash acquired and earn-out provision (189.0) 0.0
Net cash used in investing activities (220.1) (32.3)
Financing activities    
Repayment of senior secured debt (10.5) (268.7)
Repayment of subordinated notes and prepayment penalty 0.0 (112.2)
Repayments on revolver (10.5) (268.7)
Exercise of vested stock options 4.3 7.7
Shares withheld for taxes (1.1) (4.7)
Finance lease payments (0.7) (0.4)
Other (5.0) 0.0
Net cash provided by financing activities 207.6 3.5
Effect of exchange rate changes in cash, cash equivalents and restricted cash (1.2) 0.3
Net increase in cash, cash equivalents and restricted cash 31.6 15.5
Cash, cash equivalents and restricted cash, at beginning of period 92.5 65.1
Cash, cash equivalents and restricted cash, at end of period 124.1 80.6
Supplemental disclosures of cash flow information    
Accrued dividends payable to preferred stockholders 5.6 5.1
Accrued and other liabilities related to purchases of property, equipment and software 11.2 21.5
Accounts payable related to purchases of property, equipment and software 0.6 2.1
Interest paid 7.4 17.7
Income taxes paid 2.5 2.6
Income taxes refunded 0.2 0.1
Senior Term Loan    
Financing activities    
Issuance of senior secured debt, net of discount and issuance costs 190.6 321.8
Borrowings on revolver 190.6 321.8
Senior Revolver    
Financing activities    
Issuance of senior secured debt, net of discount and issuance costs 50.0 60.0
Borrowings on revolver 50.0 60.0
Repayment of senior secured debt (20.0) 0.0
Repayments on revolver $ (20.0) $ 0.0