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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income (loss) $ (177,788) $ (13,946)
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 145,967 63,819
Amortization of debt issuance costs 3,416 2,188
Loss on extinguishment of debt 61,695 0
Provision for losses on accounts receivable 8,391 1,813
Share-based compensation 12,716 1,669
Gain on sales and disposals of rental equipment (8,636) (4,945)
Change in fair value of derivative and warrants 5,453 6,149
Deferred tax expense (benefit) 10,003 (24,417)
Changes in assets and liabilities:    
Accounts and financing receivables (33,217) 9,258
Inventories 79,040 (3,797)
Prepaids, operating leases and other (2,115) (953)
Accounts payable (2,450) (8,920)
Accrued expenses and other liabilities 16,955 (11,782)
Floor plan payables - trade, net (12,485) 0
Customer deposits and deferred revenue 5,810 (1,270)
Net cash flow from operating activities 112,755 14,866
Investing Activities    
Acquisition of business, net of cash acquired (1,337,686) 0
Purchases of rental equipment (141,142) (59,197)
Proceeds from sales and disposals of rental equipment 62,617 29,855
Other investing activities, net (3,404) (527)
Net cash flow from investing activities (1,419,615) (29,869)
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 (652) 0
Borrowings under revolving credit facilities 461,084 74,042
Repayments under revolving credit facilities (307,056) (55,019)
Repayments of notes payable (497,047) (964)
Finance lease payments (4,382)  
Finance lease payments   (7,718)
Acquisition of inventory through floor plan payables - non-trade 184,950 0
Repayment of floor plan payables - non-trade (248,234) 0
Payment of debt issuance costs (34,694) 0
Net cash flow from financing activities 1,324,534 10,341
Net Change in Cash and Cash Equivalents 17,674 (4,662)
Cash and Cash Equivalents at Beginning of Period 3,412 6,302
Cash and Cash Equivalents at End of Period 21,086 1,640
Supplemental Cash Flow Information    
Interest paid 44,786 56,815
Income taxes paid 217 156
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 0 4,217
Rental equipment sales in accounts receivable $ 1,429 $ 902