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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
2 Months Ended 4 Months Ended 6 Months Ended
Jun. 30, 2021
Apr. 23, 2021
Jun. 30, 2022
Operating activities:      
Net loss $ (47,293) $ (1,961,989) $ (56,283)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 18,735 92,758 52,645
Loss on impairment of assets 0 197,027 0
Reorganization items, net   1,587,392  
Gain on disposition of assets (176) (5,486) (4,729)
Deferred tax provision 9,952 (35,894) (1,975)
Stock-based compensation expense 1,134   12,658
Contract liabilities, net 23,572 10,617 (20,870)
Contract assets, net (509) (742) (3,348)
Deferred contract costs, net (14,987) (12,034) (3,859)
Collateral deposits     17,464
Other assets, noncurrent (1,426) 2,685 (443)
Other liabilities, noncurrent 458 (371) 428
Other 654 3,158 842
Changes in operating assets and liabilities:      
Accounts receivable (53,759) 2,108 (5,039)
Prepaid expenses and other current assets (26) (2,791) (9,417)
Accounts payable and accrued liabilities (9,972) 29,302 28,832
Taxes payable 7,604 (5,804) (17,711)
Net cash used in operating activities (66,039) (100,064) (10,805)
Investing activities:      
Capital expenditures (23,973) (49,119) (32,353)
Proceeds from disposition of assets, net of disposal costs 193 7,484 5,788
Net cash used in investing activities (23,780) (41,635) (26,565)
Financing activities:      
Repayment of borrowings under revolving credit facility   (442,034)  
Proceeds from exit facilities 30,000 200,000 40,000
Issuance of exit notes   75,000  
Principal payments of finance lease liabilities (2,240)   (7,735)
Debt issuance costs and arrangement fees   (6,218)  
Net cash provided by (used in) financing activities 27,760 (173,252) 32,265
Net change in cash, cash equivalents and restricted cash (62,059) (314,951) (5,105)
Cash, cash equivalents and restricted cash, beginning of period 115,429 430,380 62,729
Cash, cash equivalents and restricted cash, end of period $ 53,370 $ 115,429 $ 57,624