| Dec'18 | Dec'17 | Dec'16 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-47,257 | 5,672 | -49,146 | ||||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation of property and equipment | ||||||
23,963 | 20,380 | 22,370 | ||||
Amortization of intangible assets | ||||||
6,242 | 5,768 | 10,103 | ||||
Accretion of asset retirement obligation | ||||||
78 | - | - | ||||
Amortization of deferred financing costs | ||||||
1,266 | 1,244 | 1,146 | ||||
Bad debt expense | ||||||
124 | -240 | 1,733 | ||||
Change in fair value of contingent consideration | ||||||
1,279 | - | - | ||||
Deferred income tax provision | ||||||
-1,478 | -10 | -3,788 | ||||
Realized gain from equipment sales or retirements | ||||||
187 | -21 | -772 | ||||
Loss on extinguishment of debt | ||||||
-3,610 | -93 | - | ||||
Goodwill and intangible assets impairment expense | ||||||
- | - | 24,882 | ||||
Changes in operating assets and liabilities, net of acquisitions: | ||||||
Trade and other receivables | ||||||
1,735 | 31,624 | -9,697 | ||||
Inventories | ||||||
337 | -1,372 | 2 | ||||
Prepaid expenses | ||||||
35 | 300 | -83 | ||||
Other assets | ||||||
176 | 245 | 312 | ||||
Accounts payable and accrued expenses | ||||||
-6,328 | 18,243 | -5,656 | ||||
Accrued wages and benefits | ||||||
1,036 | -618 | 1,621 | ||||
Deferred revenue | ||||||
-813 | -1,344 | -679 | ||||
Other current liabilities including current income taxes | ||||||
623 | 1,419 | 4,863 | ||||
Other liabilities | ||||||
-1,982 | 43 | 37 | ||||
Net cash provided by operating activities | ||||||
-25,911 | 17,036 | 7,998 | ||||
Cash flows from investing activities: | ||||||
Acquisition of business, net of cash acquired | ||||||
51,415 | - | 29,087 | ||||
Capital expenditures | ||||||
24,643 | 20,986 | 12,282 | ||||
Proceeds from the sale of property and equipment | ||||||
370 | 109 | 672 | ||||
Acquisition of land from related party | ||||||
500 | - | - | ||||
Net cash used in investing activities: | ||||||
-76,188 | -20,877 | -40,697 | ||||
Cash flows from financing activities: | ||||||
Issuance of Series A Convertible Preferred Stock | ||||||
102,967 | - | - | ||||
Issuance of common stock | ||||||
39,585 | - | - | ||||
Borrowings from term loans | ||||||
343,000 | 18,000 | - | ||||
Principal payments on term loans | ||||||
198,785 | 22,741 | 8,107 | ||||
Borrowings from revolving credit facilities | ||||||
15,283 | 3,961 | 2,269 | ||||
Repayments of borrowing from revolving credit facilities | ||||||
13,494 | 2,740 | 655 | ||||
Borrowings from equipment loans | ||||||
1,814 | - | - | ||||
Principal payments on equipment loans | ||||||
2,055 | 1,969 | 539 | ||||
Payments of debt issuance costs | ||||||
10,556 | 239 | - | ||||
Dividend distribution to JFL | ||||||
86,543 | - | - | ||||
Capital contributions | ||||||
22,817 | 4,121 | 37,350 | ||||
Distributions to JFL in connection with the reverse merger | ||||||
103,467 | - | - | ||||
Net cash provided by financing activities: | ||||||
110,566 | -1,607 | 30,318 | ||||
Effects of foreign exchange rates on cash and cash equivalents | ||||||
-672 | 314 | 807 | ||||
Net increase in cash and cash equivalents | ||||||
7,795 | -5,134 | -1,574 | ||||
Supplemental Information: | ||||||
Cash interest paid | ||||||
16,975 | 12,683 | 11,926 | ||||
Cash income taxes paid | ||||||
832 | 449 | 543 | ||||
Noncash investing and financing activities: | ||||||
Shares assumed by legal acquirer | ||||||
2 | - | - | ||||
Equipment financed under capital lease obligations | ||||||
103 | 3,694 | - | ||||
Asset retirement obligation | ||||||
650 | 650 | - | ||||
Transfer from construction in progress to landfill permit intangible asset | ||||||
- | - | 969 | ||||
Unpaid property and equipment | ||||||
4,635 | - | - | ||||
Accrued and unpaid Series A convertible preferred stock dividend | ||||||
1,511 | - | - | ||||