XML 22 R9.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 19,137 $ 48,265 $ 3,656
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, accretion, and amortization of intangible assets 165,084 179,937 179,110
Amortization of deferred financing costs and note discount 12,161 13,447 14,887
Share-based compensation expense 22,264 20,962 15,660
Deferred income tax expense (benefit) 11,768 6,741 (1,738)
Loss on disposal and impairment of assets 4,144 11,653 17,873
Other reserves and non-cash items (11,635) (16,959) 153
Redemption cost for early extinguishment of debt 3,018 0 6,408
Changes in assets and liabilities:      
Decrease (increase) in accounts and notes receivable, net 3,952 (20,818) 28,015
Decrease (increase) in prepaid expenses, deferred costs, and other current assets 28,763 (2,288) 14,339
Decrease (increase) in inventory, net 2,073 (3,865) (1,737)
Decrease in other assets 10,996 7,971 7,357
(Decrease) increase in accounts payable (8,028) 8,233 (2,619)
Increase (decrease) in restricted cash liabilities 49,534 (70,482) 109,093
(Decrease) increase in accrued liabilities (21,220) 35,266 (44,416)
Decrease in other liabilities (9,662) (13,404) (11,839)
Net cash provided by operating activities 282,349 204,659 334,202
Cash flows from investing activities:      
Additions to property and equipment (91,142) (124,906) (107,205)
Acquisitions, net of cash acquired 0 (9,100) (1,150)
Net cash used in investing activities (91,142) (134,006) (108,355)
Cash flows from financing activities:      
Proceeds from borrowings under revolving credit facility 747,003 656,326 882,763
Repayments of borrowings under revolving credit facility (907,140) (752,039) (745,148)
Proceeds from issuance of term loan facility 500,000 0 0
Repayments of term loan facility (2,500) 0 0
Repayments of convertible notes (286,741) 0 0
Redemption of long-term notes 0 0 (250,000)
Debt issuance, modification, and redemption costs (20,805) (1,085) (8,430)
Tax payments related to share-based compensation (6,897) (4,050) (5,591)
Proceeds from exercises of stock options 293 3 14
Repurchase of common shares (16,873) (50,252) 0
Payment of contingent consideration (5,180) 0 0
Net cash provided by (used in) financing activities 1,160 (151,097) (126,392)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1,759 2,503 (3,862)
Net increase (decrease) in cash, cash equivalents, and restricted cash 194,126 (77,941) 95,593
Cash, cash equivalents, and restricted cash as of beginning of period 117,469 195,410 99,817
Cash, cash equivalents, and restricted cash as of end of period 311,595 117,469 195,410
Supplemental disclosure of cash flow information:      
Cash paid for interest 38,627 26,540 41,115
Cash (refunded) paid for income taxes, net $ (7,058)    
Cash (refunded) paid for income taxes, net   $ 7,699 $ 851