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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ 10,350 $ (157,263)
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 117,120 79,163
Amortization of debt issuance costs 2,158 2,239
Loss on extinguishment of debt 0 61,695
Provision for losses on accounts receivable 4,545 6,177
Share-based compensation 5,148 7,860
(Gain) loss on sales and disposals of rental equipment (22,905) 2,882
Loss (Gain) on insurance proceeds - damaged equipment 0 (650)
Change in fair value of derivative and warrants (18,822) 6,880
Deferred tax expense (benefit) 2,575 9,849
Changes in assets and liabilities:    
Accounts and financing receivables (10,744) (13,141)
Inventories (125,021) 43,553
Prepaids, operating leases and other (1,821) (2,852)
Operating lease assets and liabilities 85 220
Accounts payable 32,480 11,937
Accrued expenses and other liabilities (8,099) (13)
Floor plan payables - trade, net (1,441) (6,927)
Customer deposits and deferred revenue (6,972) 5,616
Net cash flow from operating activities (21,364) 57,225
Investing Activities    
Acquisition of business, net of cash acquired (49,832) (1,334,285)
Purchases of rental equipment (127,237) (65,873)
Proceeds from sales and disposals of rental equipment 96,143 41,708
Other investing activities, net (11,763) (1,777)
Net cash flow from investing activities (92,689) (1,360,227)
Financing Activities    
Proceeds from debt 0 947,420
Proceeds from issuance of common stock 0 883,000
Payment of common stock issuance costs 0 (6,386)
Payment of premiums on debt extinguishment 0 (53,469)
Share-based payments (1,247) (586)
Borrowings under revolving credit facilities 75,000 441,084
Repayments under revolving credit facilities (34,945) (307,055)
Repayments of notes payable (3,791) (494,220)
Finance lease payments (2,639) (2,579)
Acquisition of inventory through floor plan payables - non-trade 293,241 84,619
Repayment of floor plan payables - non-trade (218,965) (130,334)
Payment of debt issuance costs 0 (34,694)
Net cash flow from financing activities 106,654 1,326,800
Effect of exchange rate changes on cash and cash equivalents 21 0
Net Change in Cash and Cash Equivalents (7,378) 23,798
Cash and Cash Equivalents at Beginning of Period 35,902 3,412
Cash and Cash Equivalents at End of Period 28,524 27,210
Supplemental Cash Flow Information    
Interest paid 38,417 40,227
Income taxes paid 0 122
Non-Cash Investing and Financing Activities    
Non-cash consideration - acquisition of business 0 187,935
Rental equipment sales in accounts receivable $ 1,145 $ 2,077