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Condensed consolidated statements of cash flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 10,383 $ 31,639
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,792 9,907
Amortization of deferred financing costs 1,587 1,356
Amortization of asset retirement obligations 7 221
Deferred tax expense 4,126 2,165
Loss (gain) on re-measurement of tax benefit arrangement (502) 3,373
Provision for bad debts (33) 2
Equity-based compensation 947 1,315
Other 993 (269)
Changes in operating assets and liabilities, excluding effects of acquisitions:    
Accounts receivable 21,409 20,032
Inventory (1,943) 1,677
Other assets and other current assets (250) (2,648)
National advertising fund (10,363) (6,500)
Accounts payable and accrued expenses 6,381 (14,640)
Other liabilities and other current liabilities (249) 214
Income taxes (1,315) 1,768
Equipment deposits 2,386 4,594
Deferred revenue 25,992 3,668
Leases and deferred rent 774 60
Net cash provided by operating activities 73,122 57,934
Cash flows from investing activities:    
Additions to property and equipment (9,110) (7,471)
Proceeds from sale of property and equipment 135 21
Net cash used in investing activities (8,975) (7,450)
Cash flows from financing activities:    
Principal payments on capital lease obligations (41) (12)
Proceeds from borrowings under Variable Funding Notes 75,000 0
Repayment of long-term debt (4,375) (3,000)
Proceeds from issuance of Class A common stock 491 607
Dividend equivalent payments (57) (20)
Distributions to Continuing LLC Members (1,600) (1,842)
Net cash (used in) provided by financing activities 69,418 (4,267)
Effects of exchange rate changes on cash and cash equivalents (1,640) 250
Net increase in cash, cash equivalents and restricted cash 131,925 46,467
Cash, cash equivalents and restricted cash, beginning of period 478,795 320,139
Cash, cash equivalents and restricted cash, end of period 610,720 366,606
Supplemental cash flow information:    
Net cash paid for income taxes 2,071 1,479
Cash paid for interest 18,768 13,477
Non-cash investing activities:    
Non-cash additions to property and equipment $ 2,319 $ 4,151