| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income (loss) | |||||||||||
97,330 | 29,160 | 18,410 | -65,243 | -125,697 | 88,661 | 126,606 | -37,169 | -339,618 | -113,241 | -545,463 | -935,076 |
Adjustments to reconcile net income to cash provided by operating activities: | |||||||||||
Loss from discontinued operations, net of tax | |||||||||||
-273 | 0 | -54 | -426 | 33,677 | 105,774 | 129,654 | 35,976 | -8,044 | 40,739 | -296,239 | 46,752 |
Depreciation and amortization | |||||||||||
188,084 | 174,946 | 188,563 | 208,986 | 229,127 | 212,268 | 187,476 | 346,177 | 352,793 | 392,153 | 352,785 | 330,886 |
Goodwill impairment | |||||||||||
- | - | - | - | 3,738 | 0 | 0 | - | 196,807 | - | 150,778 | 1,148,371 |
Long-lived asset impairment | |||||||||||
44,663 | 28,127 | 29,142 | 87,435 | 124,979 | 42,828 | 16,696 | 136,614 | 6,068 | 143,874 | 96,988 | 24,109 |
Inventory write-downs | |||||||||||
900 | 1,600 | 2,400 | 3,200 | 4,287 | - | - | - | - | - | - | - |
Amortization of operating lease ROU assets | |||||||||||
2,931 | - | - | - | - | - | - | - | - | - | - | - |
Amortization of deferred financing costs | |||||||||||
6,211 | 6,113 | 6,976 | 6,271 | 6,429 | 5,994 | 7,690 | 7,243 | 8,977 | 5,303 | 3,913 | 3,391 |
Amortization of debt discount | |||||||||||
910 | 1,410 | 1,325 | 1,245 | 1,170 | 12,380 | 23,407 | 20,523 | 18,323 | 16,364 | 8,329 | - |
Gain on sale of property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | - | - | 5,500 | 33,156 | 4,331 |
Equity in income of non-consolidated affiliates | |||||||||||
- | - | - | - | - | - | - | 51,483 | -471 | -609 | -91,154 | 20,669 |
Amortization of terminated interest rate swaps | |||||||||||
0 | 291 | 552 | 242 | 3,063 | 4,530 | 4,174 | 10,688 | 20,267 | 2,006 | - | - |
Debt extinguishment loss | |||||||||||
-3,653 | -2,450 | -291 | 0 | 9,201 | 0 | 0 | - | - | - | - | - |
Gain on sale of business | |||||||||||
- | - | - | - | - | - | - | - | - | - | 3,193 | - |
Interest rate swaps | |||||||||||
1,071 | 131 | -2,183 | -1,590 | -603 | -397 | -334 | - | - | -751 | -1,576 | -3,192 |
(Gain) loss on remeasurement of intercompany balances | |||||||||||
- | - | - | - | - | - | - | -7,406 | -14,174 | 6,255 | 15,097 | -10,917 |
Stock-based compensation expense | |||||||||||
8,105 | 7,388 | 8,461 | 8,969 | 10,029 | 8,998 | 6,418 | 15,381 | 20,018 | 23,266 | 24,749 | 16,535 |
Non-cash restructuring charges | |||||||||||
0 | 0 | 997 | 2,158 | 2,515 | 4,103 | 0 | - | - | - | - | - |
Provision for doubtful accounts | |||||||||||
2,600 | 1,700 | 5,100 | 3,600 | 3,163 | 1,824 | 494 | 8,754 | 1,488 | 4,749 | 5,929 | 4,043 |
(Gain) loss on sale of assets, net | |||||||||||
16,016 | 5,674 | 5,675 | 5,999 | 1,645 | 5,645 | 24,035 | 4,677 | 8,063 | - | - | - |
Loss on non-cash consideration in March 2016 Acquisition | |||||||||||
- | - | - | -635 | 0 | 0 | - | - | - | - | - | - |
Deferred income tax benefit | |||||||||||
-39,597 | 5,238 | -59,760 | -24,956 | 51,218 | -33,586 | -19,437 | -77,264 | -51,323 | -124,168 | -6,684 | -50,898 |
Amortization of contract costs | |||||||||||
23,330 | 14,939 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred revenue recognized in earnings | |||||||||||
42,300 | 28,428 | 0 | 0 | - | - | - | - | - | - | - | - |
Changes in assets and liabilities: | |||||||||||
Accounts receivable, trade | |||||||||||
-3,248 | 21,028 | 6,889 | -32,403 | -9,023 | 37,109 | 13,755 | 11,531 | 54,961 | -34,701 | -111,464 | 94,558 |
Inventory | |||||||||||
-6,036 | -4,210 | 236 | -29,296 | -11,989 | -29,640 | 29,941 | 34,800 | -27,219 | -94,467 | -39,344 | 121,119 |
Other assets | |||||||||||
-4,458 | 15,249 | 721 | -5,547 | -1,242 | 3,801 | -692 | -9,452 | 16,350 | -17,952 | -1,407 | 16,786 |
Costs and estimated earnings versus billings on uncompleted contracts | |||||||||||
- | - | - | - | - | - | - | -44,359 | 21,601 | -2,910 | -35,587 | -53,696 |
Contract costs, net | |||||||||||
27,237 | 32,435 | 0 | 0 | - | - | - | - | - | - | - | - |
Accounts payable and other liabilities | |||||||||||
-12,728 | 14,964 | 9,616 | -21,885 | -626 | -606 | -34,607 | 30,067 | 35,212 | 9,510 | -68,515 | 13,228 |
Deferred revenue | |||||||||||
36,600 | 36,571 | 730 | 392 | -2,401 | -1,099 | -2,104 | 5,288 | -77,321 | -88,385 | -62,337 | 112,894 |
Other | |||||||||||
-12 | 206 | -104 | 16 | -15,971 | 7,986 | 356 | 5,790 | 36,515 | -4,950 | 8,989 | -11,448 |
Net cash provided by continuing operations | |||||||||||
290,416 | 225,947 | 201,664 | - | 323,701 | 216,017 | 120,098 | 383,262 | 104,109 | 375,277 | 476,808 | 442,521 |
Net cash used in discontinued operations | |||||||||||
-269 | 0 | 0 | - | 105,106 | 163,353 | 235,605 | 6,663 | 16,334 | -8,964 | 710 | 43,534 |
Net cash provided by operating activities | |||||||||||
290,147 | 225,947 | 201,664 | 274,315 | 428,807 | 379,370 | 355,703 | 389,925 | 120,443 | 366,313 | 477,518 | 486,055 |
Cash flows from investing activities: | |||||||||||
Capital expenditures | |||||||||||
385,198 | 319,102 | 221,693 | 117,572 | 256,142 | 383,841 | 291,530 | 428,731 | 272,150 | 231,607 | 368,901 | 465,736 |
Proceeds from sale of property, plant and equipment and other assets | |||||||||||
80,961 | 33,927 | 46,954 | 41,892 | 18,767 | 12,154 | 80,047 | 35,989 | 43,042 | 21,728 | 69,097 | 56,574 |
Proceeds from insurance and other settlements | |||||||||||
3,696 | 252 | 252 | 0 | - | - | - | - | - | - | - | - |
Cash paid in Elite Acquisition | |||||||||||
214,019 | 0 | 0 | 13,779 | 0 | 494,755 | 0 | - | 3,000 | - | 5,642 | 133,590 |
Return of investments in non-consolidated affiliates | |||||||||||
- | - | - | - | - | - | - | 51,707 | - | - | 3,139 | - |
Increase in restricted cash | |||||||||||
- | - | - | - | - | - | - | 162 | -820 | -12,930 | 7,308 | -1,570 |
Cash invested in non-consolidated affiliates | |||||||||||
- | - | - | - | - | - | - | 224 | 471 | 609 | 1,959 | - |
Net cash used in continuing operations | |||||||||||
- | - | - | - | -237,375 | -866,442 | -211,483 | -341,421 | -231,759 | -197,558 | -300,290 | -541,182 |
Net cash used in discontinued operations | |||||||||||
- | - | - | - | -91,504 | -63,409 | 15,032 | 135,970 | -7,425 | 94,593 | -710 | -41,719 |
Net cash used in investing activities | |||||||||||
-514,560 | -284,923 | -174,487 | -89,459 | -328,879 | -929,851 | -196,451 | -205,451 | -239,184 | -102,965 | -301,000 | -582,901 |
Cash flows from financing activities: | |||||||||||
Borrowings of long-term debt | |||||||||||
2,395,250 | 714,830 | 1,242,000 | 536,500 | 1,483,258 | 2,240,299 | 2,108,037 | 1,878,000 | 1,893,740 | 2,098,244 | 1,180,815 | 1,191,800 |
Repayments of long-term debt | |||||||||||
2,071,750 | 605,636 | 1,270,194 | 675,000 | 1,921,758 | 1,727,500 | 2,195,750 | 2,106,639 | 2,036,171 | 2,478,397 | 1,342,785 | 1,013,296 |
Payments for debt issuance costs | |||||||||||
22,426 | 3,332 | 14,855 | 2,395 | 6,100 | 6,986 | 12,147 | 1,011 | 8,823 | 12,034 | 12,293 | 682 |
Proceeds from (payments for) settlement of interest rate swaps that include financing elements | |||||||||||
1,180 | 190 | 1,785 | 3,058 | 3,728 | 3,793 | 2,207 | - | - | - | - | - |
Payments above face value for redemption of convertible debt | |||||||||||
- | - | - | - | - | 15,007 | 0 | - | - | - | - | - |
Payments above face value for redemption of senior notes | |||||||||||
- | - | - | - | 6,346 | 0 | 0 | - | - | - | - | - |
Dividends paid to stockholders | |||||||||||
78,530 | 58,288 | 34,063 | 34,921 | 41,584 | 40,319 | 0 | - | - | - | - | - |
Distributions paid to noncontrolling partners in the Partnership | |||||||||||
0 | 11,766 | 44,449 | 52,072 | 81,779 | 74,856 | 61,959 | 57,084 | 39,870 | 18,030 | 15,459 | 14,489 |
Net proceeds from sale of Partnership units | |||||||||||
0 | 0 | 60,291 | 0 | 1,164 | 169,471 | 0 | 114,530 | 289,908 | 109,365 | - | - |
Proceeds from warrants sold | |||||||||||
- | - | - | - | - | - | - | - | - | - | 53,138 | - |
Payment from call options | |||||||||||
- | - | - | - | - | - | - | - | - | - | 89,408 | - |
Proceeds from stock options exercised | |||||||||||
0 | 264 | 992 | 0 | 1,106 | 12,819 | 8,321 | 562 | 526 | 840 | - | 5,150 |
Proceeds from stock issued under employee stock purchase plan | |||||||||||
771 | 803 | 356 | 0 | 910 | 1,812 | 1,632 | 1,635 | 1,887 | 2,224 | 2,845 | 4,113 |
Purchases of treasury stock | |||||||||||
2,007 | 1,759 | 2,788 | 1,515 | 3,985 | 7,044 | 4,539 | 2,422 | 2,941 | 2,061 | 976 | 100,961 |
Stock-based compensation excess tax benefit | |||||||||||
- | - | - | - | - | 6,151 | 969 | 1,139 | 1,034 | 1,182 | 119 | 14,763 |
Contribution from Exterran Corporation | |||||||||||
0 | 18,744 | 44,720 | 49,176 | 532,578 | 0 | 0 | - | - | - | - | - |
Cash distributed to Exterran Corporation | |||||||||||
- | - | - | - | 52,479 | 0 | 0 | - | - | - | - | - |
Net cash provided by (used in) continuing operations | |||||||||||
- | - | - | - | - | 555,047 | -157,643 | - | - | - | - | - |
Net cash provided by discontinued operations | |||||||||||
- | - | - | - | - | 3,434 | 941 | - | - | - | - | - |
Net cash provided by (used in ) financing activities | |||||||||||
222,488 | 54,050 | -19,775 | -183,285 | -98,743 | 558,481 | -156,702 | -171,290 | 99,290 | -298,667 | -224,004 | 86,398 |
Net decrease in cash and cash equivalents | |||||||||||
-1,925 | -4,926 | 7,402 | 1,571 | 1,185 | 4,075 | 1,063 | 12,698 | -22,458 | -37,191 | -40,161 | -20,895 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
- | - | - | - | - | -3,925 | -1,487 | -486 | -3,007 | -1,872 | 7,325 | -10,447 |
Less: Net increase in cash and cash equivalents - discontinued operations | |||||||||||
- | - | - | - | - | 4,168 | 1,026 | - | - | - | - | - |
Supplemental disclosure of cash flow information: | |||||||||||
Interest paid, net of capitalized amounts | |||||||||||
97,451 | 86,758 | 78,891 | 77,958 | 101,728 | 87,407 | 78,548 | 95,416 | 100,735 | 109,952 | 112,521 | 133,823 |
Income taxes refunded, net | |||||||||||
1,973 | 2,131 | 695 | 3,991 | 2,057 | 521 | 1,139 | 29,089 | 59,735 | 48,306 | 69,507 | 48,658 |
Supplemental disclosure of non-cash transactions: | |||||||||||
Accrued capital expenditures | |||||||||||
11,767 | 17,491 | 22,490 | 6,274 | 253 | 16,568 | 6,919 | 21,692 | 21,025 | - | - | - |
Non-cash consideration in March 2016 Acquisition | |||||||||||
- | - | - | 3,165 | 0 | 0 | - | - | - | - | - | - |
Issuance of Archrock common stock pursuant to Elite Acquisition, net of tax | |||||||||||
225,880 | - | - | 1,799 | 0 | 0 | - | - | - | - | - | - |
Issuance of Archrock common stock pursuant to Merger, net of tax | |||||||||||
- | - | - | 0 | - | - | - | - | - | - | - | - |
Treasury shares issued for redemption of convertible debt | |||||||||||
- | - | - | - | - | 219,211 | 0 | - | - | - | - | - |
Shares acquired from exercise of call options | |||||||||||
- | - | - | - | - | 89,407 | 0 | - | - | - | - | - |
Treasury shares issued for exercise of warrants | |||||||||||
- | - | - | - | 88 | 22,606 | 0 | - | - | - | - | - |
Spin-off of Exterran Corporation | |||||||||||
- | - | - | - | 29,160 | 0 | 0 | - | - | - | - | - |
Partnership Merger | |||||||||||
Issuance of Archrock common stock pursuant to Elite Acquisition, net of tax | |||||||||||
0 | 57,421 | 0 | - | - | - | - | - | - | - | - | - |
Elite Acquisition | |||||||||||
Issuance of Archrock common stock pursuant to Elite Acquisition, net of tax | |||||||||||
225,880 | 0 | 0 | - | - | - | - | - | - | - | - | - |