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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 23, 2021
Dec. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:          
Net loss $ (1,961,989) $ (177,344)   $ (1,254,904) $ (357,214)
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation 92,758 68,504   320,085 355,596
Loss on impairment of assets 197,027 132,449   842,016  
Reorganization items, net 1,587,392     22,106  
(Gain) loss on disposition of assets (5,486) (1,024)   (7,375) 1,072
Deferred tax provision (35,894) (3,482)   (19,228) (56,908)
Stock-based compensation expense   10,766   5,637 6,208
Contract liabilities, net 10,617 48,293   8,823 27,578
Contract assets, net (742) (1,418)   3,444 2,625
Deferred contract costs, net (12,034) (13,081)   1,960 59,141
Long-term employee remuneration programs 475 119   (4,256) 3,169
Collateral deposits   6,030   (18,262)  
Other assets, noncurrent 2,685 361   (7,950) 52
Other liabilities, noncurrent (371) (2,092)   (2,279) 6,514
Other 2,683 1,579   3,321 2,380
Changes in operating assets and liabilities:          
Accounts receivable 2,108 (16,984)   114,329 (37,832)
Prepaid expenses and other current assets (2,791) 305   6,334 (1,170)
Accounts payable and accrued liabilities 29,302 (40,133)   (14,143) 3,897
Taxes payable (5,804) 6,056   8,721 (6,019)
Net cash provided by (used in) operating activities (100,064) 18,904   8,379 9,089
Investing activities:          
Capital expenditures (49,119) (42,812)   (189,528) (326,090)
Proceeds from disposition of assets, net of disposal costs 7,484 1,053   13,333 16,217
Proceeds from sale of foreign bonds       5,915  
Proceeds from sale and maturities of marketable securities         2,300,000
Purchase of marketable securities         (1,996,996)
Net cash used in investing activities (41,635) (41,759)   (170,280) (6,869)
Financing activities:          
(Repayments of) borrowings under Predecessor credit facility (442,034)     436,000  
Borrowings on exit facilities 200,000 50,000      
Repayments of exit facilities   (70,000)      
Issuance of first lien notes 75,000        
Debt issuance costs and arrangement fees (6,218)       (12)
Principal payments of finance lease liabilities   (9,845)      
Net cash (used in) provided by financing activities (173,252) (29,845)   436,000 (12)
Net change in cash, cash equivalents and restricted cash (314,951) (52,700)   274,099 2,208
Cash, cash equivalents and restricted cash, beginning of period 430,380 115,429 $ 430,380 156,281 154,073
Cash, cash equivalents and restricted cash, end of period $ 115,429 $ 62,729 $ 62,729 $ 430,380 $ 156,281