| Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
6,236 | 10,047 | 1,327 | -4,829 | 4,956 | 1,075 | 221 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation | |||||||||
44,585 | 39,808 | 38,604 | 35,441 | 31,952 | 0 | 0 | 0 | - | - |
Amortization of intangible assets | |||||||||
14,317 | 14,939 | 12,155 | 9,482 | 7,200 | 0 | 0 | 0 | - | - |
Accretion of asset retirement obligation | |||||||||
215 | 251 | 235 | 221 | 202 | 0 | 0 | 0 | - | - |
Amortization of deferred financing costs | |||||||||
3,204 | 0 | 0 | 0 | - | - | - | - | - | - |
Amortization of original issue discount | |||||||||
425 | 0 | 0 | 0 | - | - | - | - | - | - |
Officer loan compensation expense | |||||||||
1,583 | 0 | 0 | 0 | - | - | - | 0 | - | - |
Loss (gain) on involuntary conversion | |||||||||
- | - | - | - | 1,678 | 0 | 0 | 0 | - | - |
Loss on extinguishment of debt | |||||||||
-907 | 0 | 0 | 0 | - | - | - | - | - | - |
Deferred income taxes | |||||||||
5,992 | 13,341 | 11,799 | 9,983 | 10,864 | 0 | 0 | 0 | - | - |
Provision (benefit) for loss on receivables, net of recoveries | |||||||||
- | - | - | - | 464 | 0 | 0 | 0 | - | - |
Formation expense paid by sponsor | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Trust income reinvested in Trust Account | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Changes in operating assets and liabilities (net of business acquired) | |||||||||
Accounts receivable | |||||||||
-7,440 | 10,174 | 18,145 | 24,588 | 25,908 | 0 | 0 | 0 | - | - |
Prepaid expenses and other assets | |||||||||
684 | -3,320 | -71 | 1,561 | 361 | 0 | 0 | 0 | - | - |
Prepaid expenses | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Accounts payable and other accrued liabilities | |||||||||
-16,826 | -25,792 | -6,924 | -2,998 | 5,329 | 18,164 | 3,049 | 0 | 0 | 0 |
Deferred revenue and customer deposits | |||||||||
-11,177 | -10,040 | -19,857 | -22,626 | -20,531 | 0 | 0 | 0 | - | - |
Other non-current assets and liabilities | |||||||||
4,793 | 2,953 | 1,289 | 397 | 2,420 | 0 | 0 | 0 | - | - |
Net cash provided by operating activities | |||||||||
60,495 | 54,512 | 37,935 | 15,943 | 26,203 | 15,920 | 7,044 | 0 | 0 | 0 |
Cash flows from investing activities: | |||||||||
Purchase of specialty rental assets | |||||||||
- | - | - | 0 | - | - | - | 0 | - | - |
Purchase of property, plant and equipment | |||||||||
441 | 95 | 609 | 826 | 951 | 0 | 0 | 0 | - | - |
Receipt of insurance proceeds | |||||||||
- | - | - | - | 3,478 | 0 | 0 | 0 | - | - |
Repayments from affiliates | |||||||||
638 | 53,790 | 55,743 | 56,783 | 55,645 | 0 | 0 | 0 | - | - |
Principal deposited in Trust Account | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Net cash used in investing activities | |||||||||
-112,705 | -61,620 | -255,924 | -214,382 | -220,660 | -262,172 | -40,592 | 0 | 0 | 0 |
Cash flows from financing activities: | |||||||||
Proceeds from borrowings on Senior Secured Notes, net of discount | |||||||||
336,699 | 0 | 0 | 0 | - | - | - | - | - | - |
Principal payments on finance and capital lease obligations | |||||||||
2,331 | 5,910 | 9,658 | 12,915 | 14,967 | 0 | 0 | 0 | - | - |
Proceeds from notes with affiliates | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Principal payments on borrowings from ABL | |||||||||
48,790 | 46,790 | 62,791 | 66,790 | 40,076 | 0 | 0 | 0 | - | - |
Proceeds from borrowings on ABL | |||||||||
108,240 | 0 | 0 | 0 | - | - | - | 0 | - | - |
Repayment of affiliate note | |||||||||
3,762 | 0 | 0 | 0 | - | - | - | - | - | - |
Contributions from affiliate | |||||||||
39,107 | 0 | 0 | 0 | - | - | - | - | - | - |
Recapitalization | |||||||||
218,752 | 0 | 0 | 0 | - | - | - | - | - | - |
Payments of Capital Distribution | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Payment of deferred financing costs | |||||||||
19,798 | 0 | 0 | 0 | - | - | - | - | - | - |
Proceeds from private placement of warrants | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Proceeds from sale of Class A ordinary shares | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Payment of underwriters' discount | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Payment of offering costs | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Net cash provided by financing activities | |||||||||
46,652 | -1,681 | 223,024 | 215,349 | 194,553 | 246,561 | 26,952 | 0 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | |||||||||
- | - | - | 0 | - | - | - | 0 | - | - |
Supplemental Cash Flow Information: | |||||||||
Net change in cash | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Non-cash investing and financing activity: | |||||||||
Non-cash change in accrued capital expenditures | |||||||||
732 | -2,332 | 2,392 | 5,738 | 2,277 | 0 | 0 | 0 | - | - |
Non-cash contribution from affiliate - forgiveness of affiliate note | |||||||||
104,285 | 0 | 0 | 0 | - | - | - | - | - | - |
Deferred underwriting compensation | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Class A ordinary shares subject to possible redemption | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Formation and offering costs paid by sponsor in exchange for founder shares | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Non-cash change in accrued deferred financing costs | |||||||||
- | - | 0 | 0 | - | - | - | - | 0 | 0 |
Non-cash distribution to PEAC - liability transfer from PEAC, net | |||||||||
-8,840 | 0 | 0 | 0 | - | - | - | - | - | - |
Non-cash change in specialty rental assets due to effect of exchange rate changes | |||||||||
- | - | - | - | - | - | - | 0 | - | - |