| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
1,885 | 10,785 | - | - | 13,249 | 19,081 | - | - | - | - |
Net income | |||||||||
- | - | - | - | - | - | 19,394 | -11,135 | 2,372 | 22,624 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
20,469 | 20,552 | 20,466 | 19,761 | 19,276 | 18,491 | 17,420 | 16,013 | 15,666 | 15,932 |
Stock compensation expense | |||||||||
1,193 | 1,320 | 1,249 | 1,507 | 1,298 | 1,454 | 11,720 | 390 | 391 | 428 |
Deferred income taxes | |||||||||
1,285 | 3,205 | 4,605 | 859 | 4,086 | 5,953 | 4,265 | -3,493 | 607 | -19,253 |
Amortization of deferred credits | |||||||||
938 | 1,103 | - | - | 1,387 | 1,188 | - | - | - | - |
Unfavorable lease liabilities | |||||||||
- | - | - | - | 1,547 | 1,548 | - | - | - | - |
Amortization of unfavorable lease liabilities and deferred credits | |||||||||
- | - | - | - | - | - | 2,740 | 2,743 | 2,857 | 2,695 |
Amortization of debt financing costs and accretion of interest on non-interest-bearing subordinated notes | |||||||||
1,095 | 1,054 | 1,056 | 1,147 | 958 | 1,042 | 1,029 | 941 | 867 | 1,769 |
Loss (Gain) on disposal of assets | |||||||||
-107 | -407 | -44 | 16 | 32 | 1 | -31 | -78 | -116 | -82 |
Provision for obsolete expendable parts and supplies | |||||||||
209 | 97 | 165 | 158 | 197 | 122 | 126 | 12 | 0 | 62 |
Changes in assets and liabilities: | |||||||||
Receivables | |||||||||
-10,059 | 1,040 | 15,178 | -4,169 | 6,541 | -8,275 | -7,306 | 4,585 | 6,716 | 1,442 |
Expendable parts and supplies | |||||||||
224 | 1,158 | 1,234 | 1,186 | 2,024 | 1,866 | 67 | 287 | 104 | 286 |
Prepaid expenses and other current assets | |||||||||
230 | -327 | -7,148 | 617 | 5,202 | 2,042 | -2,857 | 4,701 | -2,538 | -6,890 |
Accounts payable | |||||||||
1,734 | -2,336 | 17,007 | -1,437 | -622 | -2,829 | -5,934 | 1,676 | 3,980 | 2,705 |
Accrued liabilities | |||||||||
-3,669 | 5,791 | -7,512 | 10,124 | 300 | -799 | 369 | 14,680 | -3,764 | 1,296 |
Change in operating lease right-of-use assets | |||||||||
-6,003 | 329 | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | |||||||||
26,972 | 38,230 | 37,599 | 44,307 | 25,625 | 44,145 | 55,776 | 21,955 | 13,096 | 28,112 |
Cash flows from investing activities: | |||||||||
Capital expenditures | |||||||||
2,844 | 10,124 | 8,619 | 82,481 | 8,214 | 26,036 | 19,480 | 81,531 | 6,666 | 10,312 |
Sales of investment securities | |||||||||
- | - | 14,884 | 0 | 15,130 | 4,947 | - | - | - | - |
Lease and equipment deposits | |||||||||
11,009 | 2,795 | - | - | - | - | - | - | - | - |
Returns of lease and equipment deposits | |||||||||
1,908 | 91 | - | - | 2,218 | 760 | - | - | - | - |
Net returns (payments) of lease and equipment deposits | |||||||||
- | - | - | - | - | - | -2,020 | 2,696 | 62 | -85 |
Net cash used in investing activities | |||||||||
-11,945 | -12,828 | -8,809 | -77,542 | 1,838 | -20,329 | -37,381 | -84,227 | -6,728 | -10,227 |
Cash flows from financing activities: | |||||||||
Proceeds from long-term debt | |||||||||
- | - | - | - | - | - | 0 | 102,262 | 8,538 | 76,903 |
Principal payments on long-term debt and financing leases | |||||||||
42,928 | 36,467 | 46,678 | 33,661 | 125,143 | 38,605 | 63,983 | 47,334 | 40,996 | 69,840 |
Debt financing costs | |||||||||
310 | 184 | 810 | 2,330 | 2,282 | 258 | 85 | 3,089 | 202 | 2,476 |
Stock issuance costs | |||||||||
- | - | - | - | -28 | -157 | - | - | - | - |
Repurchase of stock | |||||||||
160 | 41 | - | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||
-20,398 | -36,692 | -39,845 | 35,402 | -38,318 | -38,706 | 43,185 | 51,299 | -32,660 | 4,587 |
Net change in cash, cash equivalents and restricted cash | |||||||||
-5,371 | -11,290 | -11,055 | 2,167 | -10,855 | -14,890 | 61,580 | -10,973 | -26,292 | 22,472 |
Supplemental cash flow information | |||||||||
Cash paid for interest | |||||||||
12,962 | 9,440 | 15,916 | 9,650 | 15,671 | 12,266 | 15,473 | 10,690 | 15,749 | 8,760 |
Cash paid for income taxes, net | |||||||||
30 | 15 | - | - | - | - | 17 | 322 | 25 | 21 |
Operating lease payments in operating cash flows | |||||||||
16,706 | 9,534 | - | - | - | - | - | - | - | - |
Supplemental non-cash operating activities | |||||||||
Right-of-use assets obtained in exchange of lease liabilities | |||||||||
3,462 | 142,165 | - | - | - | - | - | - | - | - |
Supplemental non-cash investing activities | |||||||||
Accrued capital expenditures | |||||||||
-236 | 334 | -657 | -5,509 | 710 | 5,635 | - | - | - | - |