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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Feb. 09, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ 6,177 $ (191,942) $ (44,445)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Amortization and depreciation 2,584 43,005 19,132
Amortization of finance lease and cell site leasehold interest liabilities discount 213 1,279 2,097
Impairment - decommission of cell sites 530 1,975 2,570
Realized and unrealized loss (gain) on foreign currency debt (11,500) 40,434 6,118
Amortization of debt discount and deferred financing costs 280 192 2,920
Provision for bad debt expense 26 323 761
Share-based compensation   83,421  
Deferred income taxes 339 (962) (570)
Gain on extinguishment of debt   (1,264)  
Change in assets and liabilities:      
Trade receivables, net (682) (53) (2,492)
Prepaid expenses and other assets 935 (5,911) (6,428)
Accounts payable, accrued expenses and other long-term liabilities (4,605) (15,316) 11,228
Rent received in advance 2,251 2,282 2,520
Net cash used in operating activities (3,452) (42,537) (6,589)
Cash flows from investing activities:      
Cash paid in APW Acquisition, net of cash acquired   (277,065)  
Investments in real property interests and related intangible assets (5,064) (175,665) (78,052)
Consolidation of variable interest entity     4,457
Advances on note receivable (17,500) (2,500)  
Payments received on note receivable   20,000  
Purchases of property and equipment (40) (1,049) (317)
Net cash used in investing activities (22,604) (436,279) (73,912)
Cash flows from financing activities:      
Borrowings under the Facility Agreement   160,475 75,480
Proceeds from term loans and other debt agreements   3,245 18,600
Repayments of term loans and other debt (250) (48,065) (19,350)
Debt issuance costs   (3,721) (3,031)
Repayments of finance lease and cell site leasehold interest liabilities (3,149) (12,081) (12,601)
Net cash provided by (used in) financing activities (3,399) 99,853 59,098
Net change in cash and cash equivalents and restricted cash (29,455) (378,963) (21,403)
Effect of change in foreign currency exchange rates on cash and restricted cash (232) 5,783 (1,965)
Cash and cash equivalents and restricted cash at beginning of period   588,628  
Cash and cash equivalents and restricted cash at beginning of period 78,046 48,359 101,414
Cash and cash equivalents and restricted cash at end of period 588,628 215,448  
Cash and cash equivalents and restricted cash at end of period 48,359   78,046
Supplemental disclosure of cash and non-cash transactions:      
Cash paid for interest 4,684 22,574 28,781
Debt issuance costs incurred but not paid     779
Cash paid for income taxes $ 1,112 $ 2,748 $ 1,080