XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 29, 2019
Cash flows from operating activities:    
Net loss $ (549,885,000) $ (25,708,000)
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 205,706,000 68,733,000
Equity-based compensation expense 22,812,000 2,534,000
Non-cash interest expense 17,813,000 1,034,000
Loss on sale or disposal of assets 1,540,000 3,339,000
Loss on early extinguishment of debt 1,650,000 0
Goodwill and intangible impairments 393,446,000 0
Asset impairments 8,444,000 2,469,000
Pension and other postretirement benefit obligations, net of contributions (77,274,000) (1,116,000)
Change in other assets and liabilities, net 50,028,000 47,245,000
Net cash provided by operating activities 74,280,000 98,530,000
Cash flows from investing activities:    
Acquisitions, net of cash acquired 0 (49,666,000)
Purchase of property, plant and equipment (28,944,000) (7,281,000)
Proceeds from sale of real estate and other assets 26,186,000 10,314,000
Insurance proceeds received for damage to property 1,643,000 0
Change in other investing activities (864,000) 0
Net cash used for investing activities (1,979,000) (46,633,000)
Cash flows from financing activities:    
Repayments under term loans (27,619,000) (11,296,000)
Borrowings under revolving credit facility 0 136,400,000
Repayments under revolving credit facility 0 (128,400,000)
Deferred payments for acquisitions 7,544,000 0
Payments for employee taxes withheld from stock awards (1,960,000) (716,000)
Issuance of common stock 4,000 0
Payment of dividends 0 (68,886,000)
Changes in other financing activities (352,000) 0
Net cash used for financing activities (37,471,000) (72,898,000)
Effect of currency exchange rate change on cash 439,000 0
Increase (decrease) in cash, cash equivalents and restricted cash 35,269,000 (21,001,000)
Balance of cash, cash equivalents and restricted cash at beginning of period 188,664,000 52,770,000
Balance of cash, cash equivalents and restricted cash at end of period 223,933,000 31,769,000
Supplemental cash flow information:    
Cash paid for taxes, net of refunds (4,510,000) 1,046,000
Cash paid for interest 176,402,000 22,902,000
Non-cash investing and financing activities:    
Accrued capital expenditures $ 758,000 $ 105,000