| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net loss | ||||||
-210,977 | -242,162 | -263,930 | ||||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
200,542 | 237,225 | 228,463 | ||||
Allowance for doubtful accounts and credit losses | ||||||
1,331 | 6,507 | 6,505 | ||||
Deferred income tax expense (benefit) | ||||||
357 | -14,103 | -36,272 | ||||
Share-based compensation | ||||||
51,383 | 13,715 | 17,663 | ||||
Loss on extinguishment of debt | ||||||
-50,676 | 0 | 0 | ||||
Gain on sale of line of business | ||||||
0 | 39,104 | 0 | ||||
Impairment on assets held for sale | ||||||
18,431 | 0 | 0 | ||||
Deferred finance charges | ||||||
-2,496 | -9,182 | -23,510 | ||||
Tax indemnity write-off | ||||||
0 | 33,819 | 0 | ||||
Other operating activities | ||||||
374 | 3,979 | -2,548 | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
593 | 50,906 | -43,109 | ||||
Prepaid expenses | ||||||
10,224 | 2,936 | 4,052 | ||||
Other assets | ||||||
975 | -578 | -10,799 | ||||
Accounts payable | ||||||
-13,838 | -18,091 | -39,660 | ||||
Accrued expenses and other current liabilities | ||||||
1,095 | 9,842 | -6,038 | ||||
Deferred revenue | ||||||
33,480 | 33,539 | 18,751 | ||||
Operating lease right of use assets | ||||||
-11,365 | 0 | 0 | ||||
Operating lease liabilities | ||||||
-11,251 | 0 | 0 | ||||
Other liabilities | ||||||
-5,344 | 774 | 5,271 | ||||
Net cash provided by operating activities | ||||||
117,580 | -26,100 | 6,667 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Capital expenditures | ||||||
69,836 | 45,410 | 37,804 | ||||
Acquisition, net of cash acquired | ||||||
68,424 | 23,539 | 7,401 | ||||
Acquisition of intangibles | ||||||
2,625 | - | - | ||||
Proceeds from sale of product line, net of restricted cash | ||||||
- | 80,883 | 5,000 | ||||
Net cash used in investing activities | ||||||
-140,885 | 11,934 | -40,205 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Proceeds from revolving credit facility | ||||||
70,000 | 45,000 | 30,000 | ||||
Principal payments on term loan | ||||||
641,509 | 46,709 | 15,423 | ||||
Repayment of revolving credit facility | ||||||
50,000 | 30,000 | - | ||||
Contingent purchase price payment | ||||||
2,371 | 2,470 | - | ||||
Payment of debt issuance costs | ||||||
41,923 | - | 817 | ||||
Proceeds from reverse recapitalization | ||||||
682,087 | 0 | 0 | ||||
Proceeds from issuance of debt | ||||||
1,600,000 | 0 | 0 | ||||
Extinguishment of debt | ||||||
1,342,651 | 0 | 0 | ||||
Tax receivable agreement payout | ||||||
200,000 | 0 | 0 | ||||
Proceeds from the exercise of warrants and employee share options | ||||||
1,582 | 1,574 | 9,058 | ||||
Net cash provided by (used in) financing activities | ||||||
75,215 | -32,605 | 22,818 | ||||
Effect of exchange rate changes on cash and cash equivalents, and restricted cash | ||||||
-971 | -5,193 | 3,248 | ||||
Net increase (decrease) in cash and cash equivalents, and restricted cash | ||||||
50,939 | -51,964 | -7,472 | ||||
Cash: | ||||||
Supplemental Cash Flow Information | ||||||
Cash paid for interest | ||||||
101,164 | 121,916 | 115,236 | ||||
Cash paid for income tax | ||||||
29,204 | 13,210 | 14,722 | ||||
Capital expenditures included in accounts payable | ||||||
8,762 | 5,166 | 2,473 | ||||
Assets received as reverse recapitalization capital | ||||||
1,877 | 0 | 0 | ||||
Liabilities assumed as reduction of reverse recapitalization capital | ||||||
5,910 | 0 | 0 | ||||