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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 5 Months Ended 6 Months Ended
Jun. 30, 2020
May 31, 2020
Jun. 30, 2019
Cash flows from operating activities:      
Net loss $ (9,817) $ (104,225) $ (28,059)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 5,236 35,647 45,504
Allowance for doubtful accounts, net of recoveries (283) 1,209 (286)
Gain on dispositions of property and equipment, net (460) (989) (2,201)
Reorganization items 0 18,713 0
Stock-based compensation expense 0 552 1,194
Phantom stock compensation expense 0 0 51
Amortization of debt issuance costs and discount 766 1,084 1,541
Loss on extinguishment of debt 0 4,215 0
Impairment 388 17,853 1,378
Deferred income taxes (399) (546) 1,225
Change in other noncurrent assets (36) (800) 1,476
Change in other noncurrent liabilities 355 1,524 (2,493)
Changes in current assets and liabilities:      
Receivables 7,395 44,041 (14,858)
Inventory 240 1,441 (3,864)
Prepaid expenses and other current assets 133 1,121 (108)
Accounts payable 1,216 (15,174) 10,697
Deferred revenues 522 (1,219) (302)
Accrued expenses (539) (6,692) (6,849)
Net cash used in operating activities 4,717 (2,245) 4,046
Cash flows from investing activities:      
Purchases of property and equipment (900) (10,848) (31,382)
Proceeds from sale of property and equipment 752 1,665 3,439
Proceeds from insurance recoveries 0 22 588
Net cash used in investing activities (148) (9,161) (27,355)
Cash flows from financing activities:      
Debt repayments 0 (175,000) 0
Proceeds from debt issuance 0 195,187 0
Proceeds from DIP Facility 0 4,000 0
Repayment of DIP Facility 0 (4,000) 0
Payments of debt issuance costs 0 (7,625) 0
Purchase of treasury stock 0 (8) (125)
Net cash provided by (used in) financing activities 0 12,554 (125)
Net decrease in cash, cash equivalents and restricted cash 4,569 1,148 (23,434)
Beginning cash, cash equivalents, and restricted cash 26,765 25,617 54,564
Ending cash, cash equivalents, and restricted cash 31,334 26,765 31,130
Supplementary disclosure:      
Interest Paid 9 8,105 18,832
Income tax paid 118 893 2,156
Reorganization items paid 784 14,947 0
Change in capital expenditure accruals $ (188) $ (1,924) $ (3,766)