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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Operating activities:      
Net (loss) income $ (572,912) $ 102,080 $ (520,564)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation 68,756 64,885 60,577
Amortization of intangible assets 340,536 340,210 334,697
Amortization of the right-of-use asset 6,367 6,963 8,405
Loss on impairment of goodwill and intangible assets 662,221 0 0
Stock-based compensation 16,739 18,010 406,054
Deferred income taxes (114,378) (81,929) (45,041)
Non-cash interest costs 10,539 12,259 22,888
Loss (gain) on extinguishment of debt (34,551) 15,843 102,993
(Gain) Loss on equity investments (289) 0 12,165
Loss on disposal of property and equipment 1,051 2,991 610
Change in fair value of Private Placement Warrants and Unvested Founder Shares (67,050) (32,596) (35,422)
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:      
Accounts receivable, net 20,998 (33,826) 14,758
Prepaid expenses and other assets 2,795 (6,952) (7,480)
Prepaid taxes 3,713 (5,064) 2,130
Operating lease obligation (6,520) (5,900) (8,461)
Accounts payable and accrued expenses and other 34,349 7,713 29,065
Net cash provided by operating activities 372,364 404,687 377,374
Investing activities:      
Purchases of property and equipment (89,735) (84,590) (70,813)
Proceeds from sale of investment 289 5,641 0
Purchase of equity investments 15,000 0 0
HST Acquisition, net of cash acquired 0 246 (140,032)
DHP Acquisition, net of cash acquired 0 (149,676) 0
Net cash used in investing activities (104,446) (228,379) (210,845)
Financing activities:      
Taxes paid on settlement of vested share awards (2,463) (3,789) 0
Borrowings on revolving credit facility 0 0 98,000
Repayment of revolving credit facility 0 0 (98,000)
Effect of the Transactions 0 0 682,408
Purchase of treasury stock 0 (100,000) (101,123)
Payment of debt issuance costs 0 0 (23,489)
Borrowings on finance leases, net (26) (32) (10)
Net cash used in financing activities (115,738) (114,684) (61,599)
Net increase in cash, cash equivalents and restricted cash 152,180 61,624 104,930
Cash, cash equivalents and restricted cash at beginning of period 188,379 126,755 21,825
Cash, cash equivalents and restricted cash at end of period 340,559 188,379 126,755
Cash and cash equivalents 334,046 185,328 126,755
Restricted cash 6,513 3,051 0
Cash, cash equivalents and restricted cash at end of period 340,559 188,379 126,755
Noncash investing and financing activities:      
Purchases of property and equipment not yet paid 4,784 5,930 4,334
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 3,631 6,880 10,210
Supplemental disclosure of cash flow information:      
Interest (289,766) (231,049) (312,349)
Income taxes, net of refunds (124,082) (131,517) (3,917)
Term Loan G      
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Loss (gain) on extinguishment of debt   15,800  
Financing activities:      
Repayments of Term Loans 0 (2,341,000) (369,000)
7.125% Notes Due 2024      
Financing activities:      
Extinguishment of debt 0 0 (1,615,583)
Senior PIK notes      
Financing activities:      
Extinguishment of debt 0 0 (1,202,302)
Senior Convertible PIK Notes      
Financing activities:      
Issuance of notes 0 0 1,267,500
5.750% Notes      
Financing activities:      
Extinguishment of debt (99,999) 0 0
Issuance of notes 0 0 1,300,000
Term Loan B      
Financing activities:      
Repayments of Term Loans (13,250) (3,313) 0
Proceeds from Issuance of Secured Debt 0 1,298,930 0
5.50% Senior Secured Notes      
Financing activities:      
Issuance of notes $ 0 $ 1,034,520 $ 0