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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income (loss) $ 6.2 $ (307.4) $ (5.2)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 91.1 132.2 114.4
Amortization of intangible assets 7.2 14.3 16.7
Amortization of deferred financing fees 4.3 3.5 2.9
Non-cash operating lease expense (8.0) 27.2  
Non-cash adjustments to contingent consideration (13.9)    
Write-off of deferred financing fees   2.3  
Stock-based compensation expense 5.9 3.8 3.6
Deferred taxes (0.1) (59.8) (19.8)
Bad debt expense 1.2 3.7 1.1
Gain on disposition of property and equipment (6.9) (5.2) (4.0)
Deferred gain recognized on sales-type leases     (2.4)
Impairment 15.4 312.8 13.9
Changes in operating assets and liabilities      
Accounts receivable 42.2 8.2 (33.2)
Drivers' advances and other receivables   (2.6)  
Payments received on sales-type leases     14.7
Other current assets (0.6) (1.8) (4.2)
Accounts payable (4.1) (1.8) (8.9)
Accrued expenses and other liabilities 5.0 (15.3) 15.7
Net cash provided by operating activities 144.9 114.1 105.3
Cash flows from investing activities      
Purchase of property and equipment (37.2) (22.0) (66.4)
Proceeds from sale of property and equipment 68.8 37.8 26.3
Cash paid in acquisitions, net of cash acquired     (131.7)
Net cash provided by (used in) investing activities 31.6 15.8 (171.8)
Cash flows from financing activities:      
Advances on line of credit 1,484.7 1,357.0 1,101.2
Repayments on line of credit (1,486.4) (1,355.3) (1,105.8)
Principal payments on long-term debt (82.2) (76.0) (58.6)
Proceeds from long-term debt     6.1
Payment of contingent consideration (7.6)    
Deferred financing fees   (0.3) (1.5)
Proceeds from issuance of common stock     84.4
Net cash provided by (used in) financing activities (96.4) (79.6) 20.9
Effect of exchange rates on cash and cash equivalents 0.4 (0.6) 0.9
Net increase (decrease) in cash and cash equivalents 80.5 49.7 (44.7)
Cash and cash equivalents - beginning of year 95.7 46.0 90.7
Cash and cash equivalents - end of year 176.2 95.7 46.0
Supplemental disclosure of cash flow information      
Cash paid for interest 40.6 46.7 42.7
Cash paid for income taxes 3.5 3.6 2.4
Noncash investing and financing activities      
Property and equipment acquired with debt or finance lease obligations 58.3 72.7 89.6
Accrued capital expenditures     0.3
Property and equipment sold for notes receivable 0.3 0.4 0.8
Property and equipment transferred to sales-type lease     9.4
Sales-type lease returns to property and equipment     1.3
Sales-type lease assets acquired with debt or capital lease obligations     9.9
Sales-type lease assets sold for notes receivable     57.6
Sales-type lease returns to sales-type lease assets     32.9
Common stock issued in acquisitions     19.7
Issuance of earnout shares     48.2
Right-of-use assets acquired 54.6 39.2  
Series A      
Cash flows from financing activities:      
convertible preferred stock dividends $ (4.9) $ (5.0) $ (4.9)