| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
-23,569 | -2,123 | 353 | 686 | 735 | ||
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||
Depreciation and amortization | ||||||
5,002 | - | - | - | 5,169 | ||
Equity-based compensation expense | ||||||
9,845 | - | - | - | 56 | ||
Loss (gain) on sale of property and equipment | ||||||
-11 | - | - | - | 36 | ||
Write-off of deferred financing costs related to debt extinguishment | ||||||
1,712 | - | - | - | 40 | ||
Amortization of deferred financing costs | ||||||
-249 | - | - | - | -58 | ||
Provision for bad debts | ||||||
92 | - | - | - | 96 | ||
Changes in assets & liabilities: | ||||||
Decrease in accounts receivable and unbilled receivable | ||||||
-193 | - | - | - | -7,807 | ||
Decrease in prepaid expenses | ||||||
-789 | - | - | - | -1,071 | ||
Decrease in other current assets | ||||||
-283 | - | - | - | -83 | ||
(Decrease) in trade accounts payable | ||||||
-3,948 | - | - | - | -4,875 | ||
(Decrease) in accrued liabilities | ||||||
-1,248 | - | - | - | -1,180 | ||
(Decrease) in other current and long-term liabilities | ||||||
1,956 | - | - | - | 7,682 | ||
(Increase) in other long-term assets | ||||||
-27 | - | - | - | -754 | ||
Net cash (used) provided by operating activities | ||||||
-12,572 | -119 | -621 | -1,237 | 588 | ||
Cash flows from investing activities: | ||||||
Purchases of property and equipment | ||||||
-1,080 | - | - | - | -1,585 | ||
Proceeds from disposal of property and equipment | ||||||
- | - | - | - | 188 | ||
Purchase of business, net of cash acquired | ||||||
10,500 | - | - | - | - | ||
Net cash (used in) investing activities | ||||||
-11,580 | 24 | 61 | 1,521 | -1,397 | ||
Cash flows from financing activities: | ||||||
Proceeds from issuance of debt | ||||||
302,000 | - | - | - | 187,634 | ||
Payment of loan acquisition costs | ||||||
11,886 | - | - | - | 1,274 | ||
Repayments of debt | ||||||
171,144 | - | - | - | 127,399 | ||
Proceeds from issuance of redeemable preferred stock | ||||||
141,840 | - | - | - | - | ||
Issuance of common stock | ||||||
10,229 | - | - | - | - | ||
Member distributions | ||||||
21,830 | - | - | - | - | ||
Payment to shareholders associated with Atlas Business Combination | ||||||
-226,318 | - | - | - | - | ||
Payment of contingent earn-out | ||||||
- | - | - | - | -2,500 | ||
Net cash provided by financing activities | ||||||
22,891 | - | - | - | 56,461 | ||
Net change in cash and equivalents | ||||||
-1,261 | -94 | -560 | -56,176 | 55,652 | ||
Supplementary cash flow information: | ||||||
Cash paid during the period for: | ||||||
Interest | ||||||
3,508 | - | - | - | 730 | ||
Taxes | ||||||
- | 19 | 19 | 110 | 5 | ||
Capital assets financed | ||||||
157 | - | - | - | - | ||
Contingent consideration share settled | ||||||
1,060 | - | - | - | - | ||
Dividends on preferred shares accrued and note paid | ||||||
912 | - | - | - | - | ||