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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net loss $ (157,263) $ (29,119)
Adjustments to reconcile net loss to net cash flow from operating activities:    
Depreciation and amortization 79,163 43,126
Amortization of debt issuance costs 2,239 1,515
Loss on extinguishment of debt 61,695 0
Provision for losses on accounts receivable 6,177 1,421
Share-based compensation 7,860 1,012
(Gain) loss on sale of rental equipment 2,882 (3,838)
Gain on insurance proceeds - damaged equipment (650) (233)
Change in fair value of derivative and warrants 6,880 6,767
Deferred tax expense (benefit) 9,849 979
Changes in assets and liabilities:    
Accounts and financing receivables (13,141) 10,935
Inventories 43,553 (4,313)
Prepaid expenses and other (2,852) (152)
Operating lease assets and liabilities 220 0
Accounts payable 11,937 (6,988)
Accrued expenses and other liabilities (13) (385)
Floor plan payables - trade, net (6,927) 0
Customer deposits and deferred revenue 5,616 (1,058)
Net cash flow from operating activities 57,225 19,669
Investing Activities    
Acquisition of business, net of cash acquired (1,334,285) 0
Purchases of rental equipment (65,873) (55,421)
Proceeds from sale of rental equipment 40,447 19,005
Insurance proceeds - damaged equipment 1,261 2,191
Other investing activities, net (1,777) (1,002)
Net cash flow from investing activities (1,360,227) (35,227)
Financing Activities    
Proceeds from debt 947,420 0
Proceeds from issuance of common stock 883,000 0
Payment of common stock issuance costs (6,386) 0
Payment of premiums on debt extinguishment (53,469) 0
Share-based payments (586) 0
Borrowings under revolving credit facilities 441,084 37,574
Repayments under revolving credit facilities (307,055) (19,074)
Repayments of notes payable (494,220) (232)
Finance lease payments (2,579)  
Finance lease payments   (3,712)
Acquisition of inventory through floor plan payables - non-trade 84,619 0
Repayment of floor plan payables - non-trade (130,334) 0
Payment of debt issuance costs (34,694) 0
Net cash flow from financing activities 1,326,800 14,556
Net Change in Cash and Cash Equivalents 23,798 (1,002)
Cash and Cash Equivalents at Beginning of Period 3,412 6,302
Cash and Cash Equivalents at End of Period 27,210 5,300
Supplemental Cash Flow Information    
Interest paid 40,227 29,502
Income taxes paid 122 156
Non-Cash Investing and Financing Activities    
Non-cash consideration - acquisition of business 187,935 0
Rental equipment and property and equipment purchases in accounts payable 298 2,316
Rental equipment sales in accounts receivable $ 2,077 $ 2,453