| Apr'19 | Apr'18 | Apr'17 | Apr'16 | Apr'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
56,002 | 62,971 | 48,886 | 12,564 | -11,697 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
117,459 | 65,530 | 69,240 | 64,215 | 32,208 | ||
Write-off and amortization of debt discount and debt issuance costs | ||||||
3,332 | 2,851 | 9,793 | 3,438 | 3,374 | ||
Amortization of intangible assets | ||||||
- | - | - | - | 31,957 | ||
Provision for losses on accounts and notes receivable | ||||||
617 | -622 | -122 | -1,032 | -233 | ||
Provision for obsolescence of inventory | ||||||
432 | 106 | 425 | 80 | 1,077 | ||
Effects of fair value adjustments to inventory | ||||||
4,176 | - | - | - | - | ||
Increase in fair value of contingent consideration | ||||||
759 | 195 | -1,484 | - | - | ||
Equity-based compensation | ||||||
7,643 | 5,745 | 3,142 | 4,733 | 9,012 | ||
Gain on sale and disposal of assets | ||||||
525 | 509 | 336 | 645 | -1,089 | ||
Change in fair value of financial instruments | ||||||
-6,395 | -6,125 | - | - | -2,494 | ||
Deferred income taxes | ||||||
-17,487 | 16,224 | 20,114 | 20,499 | 21,664 | ||
Changes in assets and liabilities net of effects of acquisitions: | ||||||
Trade accounts and notes receivable | ||||||
13,586 | 11,752 | 20,400 | 27,338 | 11,649 | ||
Inventories | ||||||
-5,137 | 34,774 | 18,390 | 699 | 4,610 | ||
Prepaid expenses and other assets | ||||||
4,842 | 1,926 | 412 | 4,682 | -1,989 | ||
Accounts payable | ||||||
26,816 | 11,365 | -3,763 | 1,055 | -3,655 | ||
Accrued compensation and employee benefits | ||||||
6,631 | -236 | 4,440 | 3,454 | 8,204 | ||
Derivative liability | ||||||
-10,778 | - | - | - | - | ||
Other accrued expenses and liabilities | ||||||
5,434 | 4,874 | 626 | 5,551 | 9,170 | ||
Liabilities to noncontrolling interest holders | ||||||
- | -3,704 | 1,133 | 446 | 1,862 | ||
Income tax receivable / payable | ||||||
- | -1,399 | -5,956 | 7,106 | -905 | ||
Cash provided by operating activities | ||||||
193,615 | 88,616 | 66,708 | 47,747 | 48,023 | ||
Cash flows from investing activities: | ||||||
Purchases of property and equipment | ||||||
18,770 | 23,741 | 11,083 | 7,692 | 13,940 | ||
Proceeds from sale of assets | ||||||
1,170 | 2,865 | 3,995 | 9,847 | 3,807 | ||
Purchase of financial instruments | ||||||
- | - | - | - | 4,638 | ||
Acquisition of businesses, net of cash acquired | ||||||
583,092 | 28,333 | 150,428 | 120,195 | 67,696 | ||
Cash used in investing activities | ||||||
-600,692 | -49,209 | -157,516 | -118,040 | -82,467 | ||
Cash flows from financing activities: | ||||||
Repayments on the revolving credit facility | ||||||
937,176 | 617,230 | 1,011,925 | 697,144 | 303,099 | ||
Borrowings from the revolving credit facility | ||||||
981,148 | 513,878 | 1,013,365 | 782,104 | 320,049 | ||
Payments of principal on long-term debt | ||||||
9,968 | 5,776 | 4,584 | 3,931 | 3,927 | ||
Payments of principal on finance lease obligations | ||||||
19,474 | 6,132 | 5,208 | 4,249 | 4,327 | ||
Proceeds from issuance of common stock in initial public offering, net of underwriting discounts | ||||||
- | - | 156,941 | - | - | ||
Proceeds from sales of common stock | ||||||
- | - | - | - | 5,370 | ||
Borrowings from term loan amendment | ||||||
996,840 | 577,616 | 481,225 | - | - | ||
Repayments from term loan amendment | ||||||
571,840 | - | - | - | - | ||
Repurchases of common stock | ||||||
16,520 | - | - | - | - | ||
Debt issuance costs | ||||||
7,933 | 636 | 2,637 | 391 | - | ||
Stock repurchases | ||||||
- | - | - | 5,827 | - | ||
Payments for taxes related to net share settlement of equity awards | ||||||
50 | 1,441 | - | - | - | ||
Proceeds from exercises of stock options | ||||||
2,538 | 477 | 345 | 6,519 | - | ||
Other financing activities | ||||||
1,405 | -671 | - | - | - | ||
Cash (used in) provided by financing activities | ||||||
418,970 | -17,531 | 86,297 | 77,081 | 14,066 | ||
Effect of exchange rates on cash and cash equivalents | ||||||
-992 | - | - | - | - | ||
(Decrease) increase in cash and cash equivalents | ||||||
10,901 | 21,876 | -4,511 | 6,788 | -20,378 | ||
Supplemental cash flow disclosures: | ||||||
Cash paid for income taxes | ||||||
19,351 | 38,954 | 49,163 | 26,067 | 16,111 | ||
Cash paid for interest | ||||||
66,435 | 28,613 | 26,443 | 34,557 | 31,720 | ||
Assets acquired under capital lease | ||||||
111,826 | 9,086 | 9,410 | 7,542 | 5,211 | ||
Issuance of installment notes associated with equity-based compensation liability awards | ||||||
5,356 | 12,433 | 5,352 | 1,557 | 1,644 | ||
Increase to other assets and decrease to property and equipment | ||||||
- | - | - | - | 1,837 | ||
Non cash property and equipment adjustments | ||||||
- | - | - | - | 115 | ||
Increase (decrease) in insurance claims payable and insurance recoverable | ||||||
619 | -2,362 | 1,876 | -25,715 | 6,350 | ||
Second Lien Term Loan | ||||||
Repayment of term loan / Repayment of term loan amendments | ||||||
- | - | 160,000 | - | - | ||
Second amendment to First Lien Credit Agreement | ||||||
Repayment of term loan / Repayment of term loan amendments | ||||||
- | 477,616 | 381,225 | - | - | ||