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Condensed consolidated statements of cash flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (21,602) $ 71,466
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,800 20,484
Amortization of deferred financing costs 3,187 2,664
Amortization of asset retirement obligations 33 168
Deferred tax (benefit) expense (3,713) 8,854
(Gain) loss on re-measurement of tax benefit arrangement (502) 4,852
Provision for bad debts (28) (10)
Equity-based compensation 2,493 2,279
Other 434 (515)
Changes in operating assets and liabilities, excluding effects of acquisitions:    
Accounts receivable 26,917 12,465
Inventory (1,900) 2,608
Other assets and other current assets (16,323) (9,288)
National advertising fund (7,941) (5,096)
Accounts payable and accrued expenses (22,354) (20,831)
Other liabilities and other current liabilities 1,472 1,777
Income taxes (4,485) 1,987
Payable pursuant to tax benefit arrangements 0 (17,476)
Equipment deposits 824 (532)
Deferred revenue 3,820 6,631
Leases and deferred rent 884 17
Net cash (used in) provided by operating activities (12,984) 82,504
Cash flows from investing activities:    
Additions to property and equipment (21,161) (18,925)
Acquisition of franchises 0 (14,801)
Proceeds from sale of property and equipment 169 54
Net cash used in investing activities (20,992) (33,672)
Cash flows from financing activities:    
Principal payments on capital lease obligations (84) (27)
Proceeds from borrowings under Variable Funding Notes 75,000 0
Repayment of long-term debt (8,750) (6,000)
Proceeds from issuance of Class A common stock 1,583 1,520
Dividend equivalent payments (174) (138)
Distributions to Continuing LLC Members (1,600) (3,742)
Net cash provided by (used in) financing activities 65,975 (8,387)
Effects of exchange rate changes on cash and cash equivalents (834) 542
Net increase in cash, cash equivalents and restricted cash 31,165 40,987
Cash, cash equivalents and restricted cash, beginning of period 478,795 320,139
Cash, cash equivalents and restricted cash, end of period 509,960 361,126
Supplemental cash flow information:    
Net cash paid for income taxes 2,155 6,530
Cash paid for interest 37,724 26,923
Non-cash investing activities:    
Non-cash additions to property and equipment $ 2,099 $ 1,896