| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income | ||||||||||
221,809 | 205,191 | 38,781 | 144,341 | -22,831 | 18,150 | -42,691 | -56,856 | -64,995 | -95,508 | -61,854 |
Adjustments to reconcile net income to net cash from operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
100,038 | 97,906 | 92,993 | 109,793 | 58,280 | 9,519 | 9,305 | 11,120 | 14,041 | 15,433 | 17,915 |
Asset impairments | ||||||||||
- | - | - | - | - | - | - | 48 | - | 839 | 470 |
Amortization of debt issuance costs and debt discount | ||||||||||
3,880 | 4,642 | 6,092 | 7,502 | 18,929 | 2,432 | 4,067 | 744 | 1,344 | 5,955 | 3,763 |
Amortization of debt discount | ||||||||||
- | - | - | - | - | - | 7,794 | 1,425 | 106 | - | - |
Loss (gain) on extinguishment of debt | ||||||||||
-8,189 | 3,170 | -56,657 | -55,776 | - | - | - | - | - | - | - |
Payment of original issue discount | ||||||||||
- | - | - | 1,259 | - | - | - | - | - | - | - |
Fair value adjustment of stock warrants | ||||||||||
- | - | - | - | 4,563 | -456 | 1,502 | 4,992 | 736 | - | - |
Deferred income taxes | ||||||||||
50,994 | 51,823 | 49,104 | -124,787 | 3,287 | 524 | 917 | 458 | 1,817 | -1,235 | 411 |
Bad debt expense | ||||||||||
- | - | - | - | 2,285 | -274 | 900 | 751 | 437 | 792 | 2,711 |
Net non-cash income from discontinued operations | ||||||||||
- | - | - | - | - | - | 195 | -1,064 | - | 3 | -724 |
Stock compensation expense | ||||||||||
12,239 | 14,420 | 13,508 | 10,549 | 6,848 | 6,157 | 4,245 | 3,628 | 4,559 | 4,308 | 2,861 |
Net (gain) loss on sales of assets and asset impairments | ||||||||||
949 | 1,393 | -6,965 | 336 | -1,313 | 114 | 284 | 38 | 212 | 258 | 601 |
Changes in assets and liabilities, net of assets acquired and liabilities assumed: | ||||||||||
Receivables | ||||||||||
-42,789 | 9,221 | 75,673 | 44,552 | -74,089 | -1,113 | 25,592 | 41,727 | 17,175 | -40,001 | -23,030 |
Inventories | ||||||||||
-44,202 | 5,425 | 60,645 | 33,965 | -46,854 | 9,103 | 14,637 | 31,914 | 13,275 | 15,788 | -20,846 |
Other current assets | ||||||||||
-4,674 | 10,356 | -8 | 4,873 | 6,320 | 4,791 | 1,116 | 710 | -1,792 | 873 | -617 |
Other assets and liabilities | ||||||||||
-1,611 | -5,637 | -8,315 | 828 | -5,314 | 660 | 1,344 | 195 | -384 | 280 | 3,555 |
Accounts payable and checks outstanding | ||||||||||
4,070 | -89,392 | 65,764 | 36,585 | -45,286 | -5,410 | 1,332 | 30,779 | 3,752 | 5,296 | 4,156 |
Accrued liabilities | ||||||||||
10,500 | 22,168 | -23,341 | 4,281 | 29,709 | 10,406 | 8,221 | 9,581 | 281 | -399 | -14,240 |
Net cash provided by (used in) operating activities | ||||||||||
504,046 | 282,830 | 178,528 | 158,227 | 177,034 | 27,493 | -47,576 | -66,850 | -66,408 | -41,720 | -2,746 |
Cash flows from investing activities: | ||||||||||
Purchases of property, plant and equipment | ||||||||||
112,870 | 101,411 | 62,407 | 42,662 | 43,811 | 25,716 | 15,051 | 10,398 | 4,792 | 8,953 | 2,103 |
Proceeds from sale of property, plant and equipment | ||||||||||
6,545 | 4,753 | 2,981 | 8,305 | 4,275 | 213 | 2,592 | 230 | 349 | 602 | 1,986 |
Cash used for acquisitions | ||||||||||
92,855 | - | - | 3,970 | 1,468,511 | 69,337 | - | - | - | - | - |
Decrease in restricted cash | ||||||||||
- | - | - | - | - | - | -13,030 | -1,135 | 14,165 | - | - |
Net cash used in investing activities | ||||||||||
-199,180 | -96,658 | -59,426 | -38,327 | -1,508,047 | -94,840 | 571 | -9,033 | -18,608 | -8,351 | -117 |
Cash flows from financing activities: | ||||||||||
Borrowings under revolving credit facility | ||||||||||
1,040,000 | 1,662,000 | 1,370,000 | 907,000 | 320,000 | 30,000 | 30,000 | - | - | - | - |
Repayments under revolving credit facility | ||||||||||
1,192,000 | 1,833,000 | 1,020,000 | 967,000 | 290,000 | - | 30,000 | - | 20,000 | - | - |
Proceeds from long-term debt and other loans | ||||||||||
478,375 | 3,818 | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of notes | ||||||||||
- | - | - | 750,000 | 700,000 | - | 350,000 | - | - | - | - |
Net payments under revolving credit facility | ||||||||||
- | - | - | - | - | - | - | - | - | - | 20,000 |
Proceeds from term loan | ||||||||||
- | - | - | - | 594,000 | - | - | 62,075 | 155,200 | - | - |
Repayments of long-term debt and other loans | ||||||||||
610,834 | 65,312 | 379,926 | 807,517 | 4,213 | -67 | -364,778 | -54 | -5,298 | -105,188 | -43 |
Deferred loan costs | ||||||||||
- | - | - | - | - | - | - | 1,639 | 1,285 | 50 | - |
Payments of debt extinguishment costs | ||||||||||
2,300 | 100 | 48,700 | 42,869 | - | - | 37 | - | - | - | - |
Payments of loan costs | ||||||||||
8,618 | - | 2,799 | 15,663 | 58,525 | 34 | 15,634 | - | - | - | - |
Proceeds from public offering of common stock, net of issuance costs | ||||||||||
- | - | - | - | 111,309 | - | - | - | - | 180,107 | - |
Payments of recapitalization costs | ||||||||||
- | - | - | - | - | - | - | - | - | 5,631 | 620 |
Exercise of stock options | ||||||||||
4,873 | 3,945 | 8,055 | 6,627 | 6,718 | 1,831 | 1,754 | 596 | - | - | 859 |
Repurchase of common stock | ||||||||||
10,392 | 4,895 | 2,644 | 1,092 | 986 | 1,306 | 1,036 | 496 | 2 | 31 | 126 |
Net cash provided by financing activities | ||||||||||
-300,897 | -233,578 | -76,018 | -170,514 | 1,378,303 | 30,424 | -29,731 | 60,482 | 128,615 | 69,207 | -19,930 |
Net change in cash and cash equivalents | ||||||||||
3,969 | -47,406 | 43,084 | -50,614 | 47,290 | -36,923 | -76,736 | -15,401 | 43,599 | 19,136 | -22,793 |