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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income (loss) $ 7,968 $ (177,788)
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 171,121 145,967
Amortization of debt issuance costs 3,485 3,416
Loss on extinguishment of debt 0 61,695
Provision for losses on accounts receivable 5,905 8,391
Share-based compensation 9,526 12,716
Gain on sales and disposals of rental equipment (35,064) (8,636)
Change in fair value of derivative and warrants (18,013) 5,453
Deferred tax expense 6,792 10,003
Changes in assets and liabilities:    
Accounts and financing receivables (17,637) (33,217)
Inventories (155,111) 79,040
Prepaids, operating leases and other (2,475) 2,115
Accounts payable 9,900 (2,450)
Accrued expenses and other liabilities 9,397 16,955
Floor plan payables - trade, net 8,726 (12,485)
Customer deposits and deferred revenue (5,126) 5,810
Net cash flow from operating activities 4,344 112,755
Investing Activities    
Acquisition of business, net of cash acquired (49,832) (1,337,686)
Purchases of rental equipment (224,002) (141,142)
Proceeds from sales and disposals of rental equipment 135,436 62,617
Other investing activities, net (15,529) (3,404)
Net cash flow from investing activities (153,927) (1,419,615)
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 (1,250) (652)
Borrowings under revolving credit facilities 87,000 461,084
Repayments under revolving credit facilities (34,945) (307,056)
Repayments of notes payable (6,126) (497,047)
Finance lease payments (3,308) (4,382)
Repurchase of common stock (1,752) 0
Acquisition of inventory through floor plan payables - non-trade 451,202 184,950
Repayment of floor plan payables - non-trade (348,961) (248,234)
Payment of debt issuance costs 0 (34,694)
Net cash flow from financing activities 141,860 1,324,534
Effect of exchange rate changes on cash and cash equivalents (2,005) 0
Net Change in Cash and Cash Equivalents (9,728) 17,674
Cash and Cash Equivalents at Beginning of Period 35,902 3,412
Cash and Cash Equivalents at End of Period 26,174 21,086
Supplemental Cash Flow Information    
Interest paid 44,414 44,786
Income taxes paid 0 217
Non-Cash Investing and Financing Activities    
Non-cash consideration - acquisition of business 0 187,935
Rental equipment sales in accounts receivable $ 747 $ 1,429