XML 20 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (112,443) $ 93,272
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 134,258 121,079
(Gain) loss on disposal of assets (520) 1,242
Interest expense on finance lease liability 0 2,015
Amortization of debt issuance costs 1,668 1,656
Inventory write-down 770 649
Non-cash lease expense 2,681 3,061
Stock based compensation expense 12,894 9,993
Deferred income taxes (21,324) 9,194
Loss on tax receivable agreements 169 0
Provision for credit losses 4,678 0
Changes in operating assets and liabilities:    
Accounts receivable and unbilled revenue 94,573 (4,171)
Accounts receivable and unbilled revenue—related party 9,254 (5,326)
Inventories 10,788 (27,611)
Other assets 16,270 14,479
Accounts payable and accrued liabilities (82,815) 31,740
Accounts payable and accrued liabilities—related party 0 (1,000)
Payment of operating lease liability (895) (5,197)
Net cash provided by operating activities 70,006 245,075
Cash flows from investing activities:    
Purchases of property and equipment and construction in-progress (82,772) (158,235)
Proceeds from sale of assets 1,501 541
Net cash used in investing activities (81,271) (157,694)
Cash flows from financing activities:    
Repayments of borrowings on term loan (1,313) (1,313)
Payments on finance lease obligations (6,862) (10,504)
Class A Common Stock dividends (4,262) (10,626)
Per unit distributions to non-controlling interest unitholders (1,532) (6,215)
Other distributions and advance payments to non-controlling interest unitholders (2,234) (1,104)
Tax withholding on restricted stock unit vesting (403) (1,039)
Share repurchases 0 (18,398)
Payment of equity offering costs 0 (1,499)
Net cash used in financing activities (16,606) (50,698)
Net increase (decrease) in cash and cash equivalents (27,871) 36,683
Cash and cash equivalents—beginning of period 112,690 103,312
Cash and cash equivalents—end of period 84,819 139,995
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 658 1,042
Cash paid for interest 8,411 9,640
Non-cash investing and financing activities:    
Capital expenditures included in accounts payable and accrued liabilities $ 7,824 $ 12,870