| Dec'18 | Dec'17 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-56,765 | -44,524 | |||||
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
18,300 | 19,686 | |||||
Impairment of property and equipment | ||||||
4,430 | 3,760 | |||||
Loss on disposal of property and equipment | ||||||
- | -8 | |||||
Amortization of deferred rent | ||||||
-1,472 | -866 | |||||
Interest paid in kind | ||||||
7,776 | - | |||||
Equity-based compensation | ||||||
9,478 | - | |||||
Lease incentive payments received from lessors | ||||||
- | 123 | |||||
Effective interest adjustment | ||||||
355 | 355 | |||||
Net changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-1,439 | -1,032 | |||||
Inventories | ||||||
20 | -29 | |||||
Prepaid expenses | ||||||
385 | -1,129 | |||||
Deposits | ||||||
41 | -14 | |||||
Accounts payable | ||||||
-1,064 | 211 | |||||
Accrued expenses and other liabilities | ||||||
4,551 | 9,449 | |||||
Accrued interest | ||||||
-230 | - | |||||
Deferred revenue | ||||||
-2,603 | 917 | |||||
Cash used in operating activities | ||||||
-16,961 | -9,387 | |||||
Cash flows from investing activities: | ||||||
Purchases of property and equipment | ||||||
23,170 | 16,502 | |||||
Repayment of (investment in) convertible note receivable | ||||||
-250 | 250 | |||||
Net cash used in investing activities | ||||||
-22,920 | -16,752 | |||||
Cash flows from financing activities: | ||||||
Members' contributions | ||||||
2,500 | 16,057 | |||||
Proceeds from issuance of common stock sold in initial public offering, net of offering costs | ||||||
12,325 | - | |||||
Repayment of notes payable to related parties | ||||||
15,000 | - | |||||
Borrowings on long-term debt - related party | ||||||
- | 2,891 | |||||
Borrowings on long-term debt - related party | ||||||
37,881 | 14,890 | |||||
Net repayment of short-term borrowings | ||||||
2,304 | 1,847 | |||||
Net cash provided by financing activities | ||||||
35,402 | 31,991 | |||||
Net (decrease) increase in cash and cash equivalents | ||||||
-4,479 | 5,852 | |||||
Supplemental disclosures of cash flow information: | ||||||
Cash paid for interest, net of amounts capitalized | ||||||
9,561 | 7,723 | |||||
Cash paid for income taxes | ||||||
30 | 87 | |||||
Supplemental disclosures of non-cash activity: | ||||||
Property and equipment financed through liabilities | ||||||
2,656 | 723 | |||||
Insurance premiums financed through short term borrowings | ||||||
2,304 | 2,300 | |||||
Interest payment-in-kind | ||||||
7,776 | - | |||||
Conversion of notes payable to related parties to equity | ||||||
37,414 | - | |||||
Non-cash capital distributions | ||||||
- | -2,270 | |||||