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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net income (loss) $ 18,022 $ (17,409)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 45,202 40,444
Amortization of debt issue costs 752 2,339
Amortization of intangible assets 643 753
Amortization of original issue discount on second lien loan 120 17
Gain on sale of equipment (4,571) (4,675)
Provision for bad debt 825 1,371
Equity-based compensation 674 528
Deferred income taxes 1,212 0
Adjustment to tax receivable agreement (2,887) 0
Unrealized gain on interest rate swap (218) 0
Loss on extinguishment of debt 0 (15,896)
Changes in operating assets and liabilities:    
Accounts receivable 6,060 (1,096)
Inventories, prepaid expenses and other assets (955) (2,061)
Accounts payable (2,271) (1,690)
Accrued expenses and other liabilities (1,905) 1,150
Net cash provided by operating activities 60,703 35,567
Cash Flows from Investing Activities    
Purchases of rental equipment (111,095) (105,938)
Proceeds from sale of equipment 12,961 10,794
Purchases of property and equipment (10,068) (11,020)
Net cash used in investing activities (108,202) (106,164)
Cash Flows from Financing Activities    
Repayments under revolving credit facility (53,111) (436,939)
Borrowings under revolving credit facility 100,911 481,912
Proceeds from second lien loan, net 0 572,125
Distribution to members 0 329,885
Repayments of senior secured notes 0 200,000
Call premiums 0 7,218
Debt issue costs 0 (8,999)
Payment of costs directly associated with the issuance of Class A common stock (283) 0
Net cash provided by financing activities 47,517 70,996
Net increase in cash and cash equivalents 18 399
Cash and cash equivalents, beginning of period 207 190
Cash and cash equivalents, end of period $ 225 $ 589