XML 147 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2019
Sep. 30, 2018
Cash flows from operating activities:      
Net loss $ (4.7) $ (37.0) $ (20.6)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 9.5 42.0 41.8
Amortization of right of use asset 1.0
Stock-based compensation expense 1.6 9.0 7.1
Change in fair value of derivative liability (0.8) (3.0) 5.5
Change in fair value of earnout liability (1.7) 2.3 (8.7)
Impairment expense 7.7
Foreign currency translation on senior bank debt 2.9 0.8 (3.4)
Foreign currency translation on cross currency swaps (2.2) (3.6)
Non-cash interest expense relating to senior debt 0.5 9.0 6.8
Changes in assets and liabilities:      
Accounts receivable 2.5 3.3 5.3
Inventory 2.0 (0.4)
Prepaid expenses and other assets 0.7 3.3 1.2
Corporate tax and other current taxes payable (0.1) (3.6) (1.9)
Accounts payable (3.6) 6.9 (4.1)
Deferred revenues and customer prepayment (0.5) (9.5) 6.5
Accrued expenses (1.6) 7.2 (2.8)
Operating lease liabilities (1.3)
Other long-term liabilities (1.7) 1.9 (5.8)
Net cash provided by operating activities 0.8 30.7 34.2
Cash flows from investing activities:      
Purchases of property and equipment (3.2) (10.5) (24.8)
Cash paid for NTG Acquisition (105.9)
Purchases of capital software (3.4) (17.0) (18.1)
Net cash used in investing activities (6.6) (133.4) (42.9)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 270.6 140.0
Proceeds from issuance of revolver 2.8
Repayments of revolver and long-term debt, including exit premium (144.2) (123.7)
Payment of financing costs (0.5) (15.2) (4.6)
Repayments of capital leases (0.1) (0.5) (0.5)
Net cash provided by (used in) financing activities (0.6) 113.5 11.2
Effect of exchange rate changes on cash (0.1) 2.3
Net increase (decrease) in cash (6.5) 13.1 2.5
Cash, beginning of period 22.5 16.0 20.0
Cash, end of period 16.0 29.1 22.5
Supplemental cash flow disclosures      
Cash paid during the period for interest 4.1 12.6 16.7
Cash paid during the period for income taxes
Cash paid during the period for operating leases 2.2
Supplemental disclosure of noncash investing and financing activities      
Additional paid in capital from net settlement of RSUs (0.9) (1.1)
Lease liabilities arising from obtaining right of use assets (9.6)
Additional paid in capital reclassified to derivative liability (1.5)
Additional paid in capital reclassified from derivative liability 2.8
Derivative liability reclassified to accrued expenses 0.1
Senior debt exit premium $ 4.2