| Dec'19 | Sep'18 | Sep'17 | Sep'16 | Dec'15 | Sep'15 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-37,000 | -20,600 | -49,114 | -59,877 | -3,526 | -59,847 | |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
42,000 | 41,800 | 33,810 | 35,010 | - | 39,386 | |
Amortization of right of use asset | ||||||
1,000 | - | - | - | - | - | |
Stock-based compensation expense | ||||||
9,000 | 7,100 | 4,235 | 0 | - | 0 | |
Change in fair value of derivative liability | ||||||
3,000 | -5,500 | -385 | 0 | - | 0 | |
Change in fair value of earnout liability | ||||||
-2,300 | 8,700 | -7,127 | 0 | - | 0 | |
Impairment of investment in equity method investee | ||||||
- | 7,700 | 0 | - | - | - | |
Foreign currency translation on senior bank debt | ||||||
-800 | 3,400 | 0 | - | - | - | |
Foreign currency translation on cross currency swaps | ||||||
3,600 | - | - | - | - | - | |
Initial classification of fair value of derivative liability | ||||||
- | - | 845 | 0 | - | 0 | |
Unrealized loss on securities held in Trust Account | ||||||
- | - | - | - | 10 | - | |
Non-cash interest expense relating to PIK loan notes | ||||||
- | - | 9,179 | 39,212 | -14 | 40,486 | |
Non-cash interest expense relating to senior debt | ||||||
9,000 | 6,800 | 6,846 | 5,333 | - | 2,506 | |
Non-cash interest expense relating to financing fee amortization | ||||||
- | - | 1,188 | 1,328 | - | 1,425 | |
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
-3,300 | -5,300 | 4,566 | -6,696 | - | -1,626 | |
Inventory | ||||||
-2,000 | 400 | -2,737 | 607 | - | 1,938 | |
Prepaid expenses and other assets | ||||||
-3,300 | -1,200 | 5,952 | -607 | - | 7,540 | |
Corporate tax and other current taxes payable | ||||||
-3,600 | -1,900 | -1,809 | -840 | - | -1,667 | |
Accounts payable | ||||||
6,900 | -4,100 | 10,497 | 700 | - | -3,066 | |
Other current liabilities | ||||||
- | - | 61 | -290 | - | 487 | |
Deferred revenues and customer prepayment | ||||||
-9,500 | 6,500 | 6,831 | -3,997 | - | 112 | |
Accrued expenses | ||||||
7,200 | -2,800 | -611 | -657 | - | 12,251 | |
Operating lease liabilities | ||||||
-1,300 | - | - | - | - | - | |
Other long-term liabilities | ||||||
1,900 | -5,800 | -3,438 | -3,971 | - | 1,030 | |
Net cash provided by operating activities | ||||||
30,700 | 34,200 | 18,251 | 18,647 | - | 25,251 | |
Cash flows from investing activities: | ||||||
Prepaid expenses | ||||||
- | - | - | - | -101 | - | |
Other assets | ||||||
- | - | - | - | -1 | - | |
Accounts payable and accrued expenses | ||||||
- | - | - | - | 2,560 | - | |
Net cash provided by operating activities | ||||||
- | - | - | - | -866 | - | |
Purchases of property and equipment | ||||||
10,500 | 24,800 | 15,117 | 9,479 | - | 22,083 | |
Cash paid for NTG Acquisition | ||||||
105,900 | - | - | - | - | - | |
Purchases of capital software | ||||||
17,000 | 18,100 | 20,268 | 22,423 | - | 18,092 | |
Cash from joint venture | ||||||
- | - | - | 0 | - | 972 | |
Investment of cash and securities held in trust | ||||||
- | - | - | - | 0 | - | |
Net cash used in investing activities | ||||||
-133,400 | -42,900 | -35,385 | -31,902 | 0 | -39,203 | |
Cash flows from financing activities: | ||||||
Proceeds from issuance of long-term debt | ||||||
270,600 | 140,000 | 0 | 11,196 | - | 0 | |
Proceeds from issuance of revolver | ||||||
2,800 | - | - | - | - | - | |
Repayments of revolver and long-term debt, including exit premium | ||||||
144,200 | 123,700 | 3,197 | 146 | - | 123 | |
Payment of financing costs | ||||||
15,200 | 4,600 | 0 | - | - | - | |
Repayments of finance leases | ||||||
500 | 500 | 557 | 0 | - | 0 | |
Cash received in connection with Merger | ||||||
- | - | 36,664 | 0 | - | 0 | |
Proceeds from sale of common stock | ||||||
- | - | 1,645 | 0 | 0 | 0 | |
Net cash provided by (used in) financing activities | ||||||
113,500 | 11,200 | 34,555 | 11,050 | - | -123 | |
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | - | - | - | 0 | - | |
Proceeds from sale of Private Placement Warrants | ||||||
- | - | - | - | 0 | - | |
Payment of offering costs | ||||||
- | - | - | - | 0 | - | |
Proceeds from convertible promissory notes - related parties | ||||||
- | - | - | - | 0 | - | |
Repayment of promissory notes - related parties | ||||||
- | - | - | - | 0 | - | |
Repayment of advances from related party | ||||||
- | - | - | - | 0 | - | |
Net cash provided by financing activities | ||||||
- | - | - | - | -0 | - | |
Effect of exchange rate changes on cash | ||||||
2,300 | - | 1,121 | -369 | - | -1,117 | |
Net increase in cash | ||||||
13,100 | 2,500 | 18,542 | -2,574 | -867 | -15,192 | |
Supplemental cash flow disclosures | ||||||
Cash paid during the period for interest | ||||||
12,600 | 16,700 | 10,503 | 12,200 | - | 11,515 | |
Cash paid during the period for income taxes | ||||||
- | - | 356 | 95 | 8 | 135 | |
Cash paid during the period for operating leases | ||||||
-2,200 | - | - | - | - | - | |
Supplemental disclosure of noncash investing and financing activities | ||||||
Additional paid in capital from net settlement of RSUs | ||||||
-900 | -1,100 | - | - | - | - | |
Lease liabilities arising from obtaining right of use assets | ||||||
-9,600 | - | - | - | - | - | |
Additional paid in capital from net settlement of RSUs | ||||||
- | - | 0 | - | - | - | |
Additional paid in capital reclassified to derivative liability | ||||||
- | -1,500 | 0 | - | - | - | |
Additional paid in capital reclassified from derivative liability | ||||||
- | 2,800 | 0 | - | - | - | |
Derivative liability reclassified to accrued expenses | ||||||
- | 100 | 0 | - | - | - | |
Fair value adjustment of PIK shareholder loans | ||||||
- | - | 174,990 | 0 | - | 0 | |
Property and equipment acquired through capital lease | ||||||
- | - | 1,208 | - | - | - | |
Senior debt exit premium | ||||||
- | 4,200 | 0 | - | - | - | |
Property and equipment acquired through capital lease | ||||||
- | - | - | 0 | - | 6,361 | |
Payment of offering costs and operational costs pursuant to related party advances | ||||||
- | - | - | - | 0 | - | |
Deferred underwriting fees | ||||||
- | - | - | - | 0 | - | |