| Oct'19 | Dec'18 | Oct'18 | ||||
|---|---|---|---|---|---|---|
Net income (loss) | ||||||
-9,912 | -7,116 | 28,382 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation | ||||||
20,279 | - | 17,719 | ||||
Deferred income taxes | ||||||
-2,446 | - | -11,106 | ||||
Amortization of deferred financing costs | ||||||
3,664 | - | 1,690 | ||||
Amortization of debt premium | ||||||
- | - | -60 | ||||
Amortization of intangible assets | ||||||
32,366 | - | 7,904 | ||||
Stock-based compensation expense | ||||||
3,619 | - | 281 | ||||
Gains, net of losses, on the sale of property, plant and equipment | ||||||
611 | - | 2,623 | ||||
Accretion of contingent consideration | ||||||
207 | - | 527 | ||||
Interest earned on investments and marketable securities held in Trust Account | ||||||
- | 3,988 | - | ||||
Expenses paid by related parties on behalf of the Company | ||||||
- | 338 | - | ||||
Net changes in operating assets and liabilities (net of acquisitions): | ||||||
Trade receivables, net | ||||||
5,861 | - | 7,469 | ||||
Inventory | ||||||
466 | - | 707 | ||||
Prepaid expenses and other current assets | ||||||
1,001 | - | 1,408 | ||||
Accrued expenses - related parties | ||||||
- | -25 | - | ||||
Income taxes payable, net | ||||||
-1,428 | 196 | -381 | ||||
Prepaid expenses | ||||||
- | 535 | - | ||||
Accounts payable | ||||||
-7,303 | 9,907 | -1,832 | ||||
Accrued payroll, accrued expenses and other current liabilities | ||||||
-8,330 | -378 | 8,702 | ||||
Franchise tax payable | ||||||
- | 67 | - | ||||
Net cash provided by (used in) operating activities | ||||||
22,777 | -1,534 | 39,619 | ||||
Cash flows from investing activities: | ||||||
Purchases of property, plant and equipment | ||||||
35,736 | - | 31,738 | ||||
Proceeds from sale of property, plant and equipment | ||||||
3,073 | - | 3,239 | ||||
Cash withdrawn from Industrea Trust Account | ||||||
238,474 | - | - | ||||
Interest released from Trust Account | ||||||
- | 709 | - | ||||
Principal deposited in Trust Account | ||||||
- | 0 | - | ||||
Net cash (used in) investing activities | ||||||
-375,100 | 709 | -49,499 | ||||
Cash flows from financing activities: | ||||||
Premium proceeds on long term debt | ||||||
- | - | 600 | ||||
Proceeds on long term debt | ||||||
417,000 | - | 15,000 | ||||
Payments on long term debt | ||||||
14,906 | - | - | ||||
Proceeds on revolving loan | ||||||
222,213 | - | 237,195 | ||||
Payments on revolving loan | ||||||
198,863 | - | 239,588 | ||||
Payment of debt issuance costs | ||||||
24,929 | - | - | ||||
Payments on capital lease obligations | ||||||
78 | - | 194 | ||||
Purchase of treasury stock | ||||||
231,415 | - | - | ||||
Issuance of preferred shares | ||||||
25,000 | - | - | ||||
Proceeds received under loan from related parties | ||||||
- | 0 | - | ||||
Payment of underwriting fees | ||||||
8,050 | - | - | ||||
Issuance of common shares | ||||||
- | 0 | - | ||||
Proceeds on exercise of rollover incentive options | ||||||
1,370 | - | - | ||||
Repayment of loan from related parties | ||||||
- | 0 | - | ||||
Proceeds received from initial public offering, net of offering costs | ||||||
- | 0 | - | ||||
Proceeds received from private placement | ||||||
- | 0 | - | ||||
Net cash provided by (used in) financing activities | ||||||
361,629 | 0 | 13,013 | ||||
Effect of foreign currency exchange rate on cash | ||||||
-1,837 | - | -1,437 | ||||
Net increase (decrease) in cash | ||||||
7,469 | - | 1,696 | ||||
Cash: | ||||||
Net change in cash | ||||||
- | -824 | - | ||||
Supplemental cash flow information: | ||||||
Cash paid for interest | ||||||
29,472 | - | 22,168 | ||||
Cash paid for income taxes | ||||||
1,984 | - | 1,073 | ||||
Non-cash investing and financing activities: | ||||||
Fair value of rollover equity for Business Combination | ||||||
164,909 | - | - | ||||
Equipment purchases included in accrued expenses and accounts payable | ||||||
16,417 | - | 355 | ||||
Shares issued to acquire a business | ||||||
1,150 | 7,116 | - | ||||
Holdbacks related to the acquisition of a business | ||||||
181 | - | - | ||||
Deferred underwriting commissions in connection with the initial public offering | ||||||
- | 0 | - | ||||
CPH Acquisition [Member] | ||||||
Acquisition of net assets, net of cash acquired | ||||||
449,436 | - | - | ||||
Capital Pumping [Member] | ||||||
Acquisition of net assets, net of cash acquired | ||||||
129,218 | - | - | ||||
Other Business Combinations [Member] | ||||||
Acquisition of net assets, net of cash acquired | ||||||
2,257 | - | 21,000 | ||||
December 2018 Issuance [Member] | ||||||
Issuance of common shares | ||||||
96,900 | - | - | ||||
May 2019 Issuance [Member] | ||||||
Issuance of common shares | ||||||
77,387 | - | - | ||||