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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income (loss) $ (3,273) $ (27,907)
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 62,500 19,905
Amortization of debt issuance costs 1,326 0
Provision for losses on accounts receivable 2,811 1,383
Share-based compensation 3,364 698
Gain on sales and disposals of rental equipment (5,420) (4,139)
Change in fair value of derivative and warrants (5,767) 5,846
Deferred tax expense (benefit) 2,849 3,826
Changes in assets and liabilities:    
Accounts and financing receivables (33,520) 1,520
Inventories (51,384) (5,081)
Prepaids, operating leases and other (4,637) (5,545)
Accounts payable 29,869 (956)
Accrued expenses and other liabilities (5,343) (1,437)
Floor plan payables - trade, net (13,031) 0
Customer deposits and deferred revenue (10,115) (199)
Net cash flow from operating activities (29,771) (12,086)
Investing Activities    
Acquisition of business, net of cash acquired (50,513) 0
Purchases of rental equipment (45,945) (11,368)
Proceeds from sales and disposals of rental equipment 49,961 15,416
Other investing activities, net (1,961) (76)
Net cash flow from investing activities (48,458) 3,972
Financing Activities    
Proceeds from debt 75 0
Share-based payments (6) 0
Borrowings under revolving credit facilities 50,000 25,461
Repayments under revolving credit facilities (34,844) (16,431)
Repayments of notes payable (1,872) (182)
Finance lease payments (2,275) (955)
Acquisition of inventory through floor plan payables - non-trade 140,126 0
Repayment of floor plan payables - non-trade (85,066) 0
Net cash flow from financing activities 66,138 7,893
Net Change in Cash and Cash Equivalents (12,091) (221)
Cash and Cash Equivalents at Beginning of Period 35,902 3,412
Cash and Cash Equivalents at End of Period 23,811 3,191
Supplemental Cash Flow Information    
Interest paid 4,865 26,287
Income taxes paid 0 122
Non-Cash Investing and Financing Activities    
Rental equipment and property and equipment purchases in accounts payable 0 6,285
Rental equipment sales in accounts receivable $ 23,551 $ 1,505