| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-23,366 | -98,850 | -32,348 | 57,451 | |||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
92,059 | 87,184 | 74,136 | 64,012 | |||
(Gain) loss on sale of investment | ||||||
250 | - | -1,308 | 72,360 | |||
Amortization of deferred financing costs | ||||||
2,680 | 8,528 | 3,197 | 5,922 | |||
Change in fair value of contingent consideration | ||||||
2,384 | -375 | - | - | |||
Loss on extinguishment of debt | ||||||
- | -2,055 | - | - | |||
Loss on disposal of equipment and improvements | ||||||
-3,014 | -1,311 | -384 | - | |||
Share-based compensation expense | ||||||
10,921 | 55,519 | - | - | |||
Impairment of intangible assets | ||||||
13,101 | 14,627 | 0 | - | |||
Accrued interest expense | ||||||
3,492 | -340 | 1,893 | - | |||
Gain on acquisition of unconsolidated investee | ||||||
- | 8,404 | - | - | |||
Deferred taxes, net | ||||||
-9,182 | -1,778 | 11,514 | -1,770 | |||
Other | ||||||
681 | 595 | 17 | -5,263 | |||
Changes in operating assets and liabilities, net of effect of acquisitions: | ||||||
Accounts receivable, net | ||||||
1,719 | -3,141 | 10,243 | -16,569 | |||
Other receivables | ||||||
-27,474 | 1,563 | -5,898 | 17,196 | |||
Inventory | ||||||
276 | -2,049 | 1,378 | 2,160 | |||
Other current assets | ||||||
592 | 4,018 | 9,407 | 2,573 | |||
Operating lease right-of-use assets | ||||||
-7,335 | - | - | - | |||
Other assets | ||||||
1,233 | -2,948 | -7,093 | 702 | |||
Related parties, net | ||||||
-3,797 | 498 | 5,155 | -3,307 | |||
Accounts payable | ||||||
-35,962 | -12,426 | 2,330 | 4,535 | |||
Accrued expenses | ||||||
641 | 15,509 | 6,907 | 7,573 | |||
Settlement processing funds, net | ||||||
59,077 | -137,898 | 48,080 | 35,222 | |||
Operating lease liabilities | ||||||
-6,745 | - | - | - | |||
Other | ||||||
-74 | -76 | -178 | -104 | |||
Net cash used in operating activities | ||||||
27,889 | 201,998 | 8,210 | 32,753 | |||
Cash flows from investing activities: | ||||||
Restricted cash | ||||||
- | - | 125,000 | -125,000 | |||
Acquisition of businesses, net of cash acquired | ||||||
38,832 | 56,193 | 124,964 | 13,984 | |||
Purchase of equipment and improvements | ||||||
36,808 | 48,751 | 42,021 | 31,708 | |||
Acquisition of intangible assets | ||||||
8,013 | 20,704 | 17,310 | 290 | |||
Net proceeds from sale of investments | ||||||
250 | - | 205 | -53,161 | |||
Issuance of notes receivable | ||||||
- | 37 | - | 15 | |||
Collections of notes receivable | ||||||
1,878 | 120 | 974 | 589 | |||
Collection of deferred cash consideration | ||||||
4,882 | - | - | - | |||
Net cash used in investing activities | ||||||
-76,643 | -125,565 | -58,116 | -117,247 | |||
Cash flows from financing activities: | ||||||
Proceeds from long-term debt | ||||||
583,505 | 774,359 | 854,135 | 763,554 | |||
Repayments of long-term debt | ||||||
580,795 | 853,487 | 868,990 | 687,294 | |||
Deferred financing costs paid | ||||||
2 | 3,903 | 1,232 | 21,200 | |||
Contingent consideration paid | ||||||
6,276 | 2,505 | 282 | 5,859 | |||
Deferred cash consideration paid | ||||||
915 | 65,000 | 5,000 | - | |||
Consideration paid for additional shares in a consolidated subsidiary | ||||||
- | - | 3,962 | - | |||
Acquisition of additional non-controlling interest | ||||||
- | 16,916 | - | - | |||
IPO proceeds, net of underwriter fees | ||||||
- | 231,500 | - | - | |||
Proceeds from the secondary offerings | ||||||
381,619 | 190,894 | - | - | |||
Purchase of LLC Interests, Class B common stock, and Class D common stock in connection with the secondary offerings | ||||||
362,635 | 165,927 | - | - | |||
Repurchases of shares to satisfy minimum tax withholding | ||||||
1,819 | 795 | - | - | |||
Proceeds from exercise of common stock options | ||||||
1,010 | - | - | - | |||
Distribution to non-controlling interests holders | ||||||
9,772 | 7,577 | 5,722 | 4,772 | |||
Contributions by members | ||||||
- | - | 71,250 | - | |||
Distribution to members | ||||||
- | - | 1,726 | 2,249 | |||
Net cash (used in) provided by financing activities | ||||||
3,920 | 80,643 | 38,471 | 42,180 | |||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-1,774 | -11,521 | 13,253 | -8,062 | |||
Net (decrease) increase in cash and cash equivalents | ||||||
-46,608 | 145,555 | 1,818 | -50,376 | |||