| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net (loss) income | ||||||
-4,357 | 18,977 | -241 | 20,216 | 9,711 | ||
Adjustments to reconcile net income to net cash provided by operating activities | ||||||
Depreciation and amortization | ||||||
101,897 | 73,278 | 53,131 | 52,744 | 46,098 | ||
Amortization of debt discount and issuance costs | ||||||
1,371 | 1,523 | 2,242 | 3,129 | 3,183 | ||
Share-based compensation | ||||||
8,845 | 6,116 | 3,765 | 0 | 0 | ||
Loss on extinguishment of debt | ||||||
0 | 0 | -25,120 | 0 | 0 | ||
Loss on derivative financial instruments | ||||||
708 | -12,476 | 0 | 0 | - | ||
Gain on property damage insurance proceeds | ||||||
0 | 2,212 | 0 | 348 | 15,935 | ||
Gain on insurance recoverables | ||||||
0 | 2,212 | 0 | 348 | 15,935 | ||
Impairment loss | ||||||
6,168 | 0 | 0 | - | - | ||
Deferred income taxes | ||||||
-22,947 | 3,006 | 1,004 | -13,208 | -12,555 | ||
Amortization of key money | ||||||
-263 | 0 | 0 | - | - | ||
Other | ||||||
2,472 | 1,100 | 928 | -445 | -1,318 | ||
Changes in assets and liabilities: | ||||||
Trade and other receivables, net | ||||||
9,890 | 11,536 | 3,542 | 6,247 | 10,510 | ||
Accounts receivable from related parties | ||||||
-1,029 | 4,935 | 319 | -925 | 448 | ||
Insurance recoverable | ||||||
- | - | - | - | -1,224 | ||
Inventories | ||||||
1,218 | 456 | 900 | 332 | 1,437 | ||
Prepayments and other assets | ||||||
10,742 | -3,396 | 2,762 | 2,772 | 11,966 | ||
Trade and other payables | ||||||
1,618 | 13,725 | -8,249 | 10,643 | 18,317 | ||
Payables to related parties | ||||||
3,300 | 1,354 | -1,964 | -255 | -414 | ||
Income tax payable | ||||||
1,353 | 809 | -4,038 | 12,374 | 3,210 | ||
Deferred consideration | ||||||
0 | 0 | 654 | 201 | 523 | ||
Other liabilities | ||||||
-5,740 | -2,191 | -638 | -444 | 3,116 | ||
Net cash provided by operating activities | ||||||
72,188 | 114,430 | 64,191 | 76,181 | 30,799 | ||
INVESTING ACTIVITIES | ||||||
Capital expenditures | ||||||
208,970 | 110,851 | 106,230 | 19,262 | 119,704 | ||
Receipt of key money | ||||||
6,500 | 2,000 | 0 | 0 | - | ||
Acquisition of Sagicor business, net of cash acquired | ||||||
0 | 93,128 | 0 | 0 | - | ||
Contract deposit | ||||||
0 | 0 | 2,700 | 0 | 0 | ||
Purchase of intangibles | ||||||
3,569 | 2,832 | 1,003 | 356 | 407 | ||
Proceeds from disposal of property and equipment | ||||||
214 | 22 | 104 | 54 | 30 | ||
Property damage insurance proceeds | ||||||
2,009 | 203 | 0 | 518 | 15,934 | ||
Net cash provided by (used in) investing activities | ||||||
-203,816 | -204,586 | -109,829 | -19,046 | -104,147 | ||
FINANCING ACTIVITIES | ||||||
Issuance costs of debt | ||||||
0 | 0 | 2,777 | 55 | 583 | ||
Repayment of deferred consideration | ||||||
0 | 0 | 2,490 | 2,510 | 2,505 | ||
Repayment of Term Loan | ||||||
10,100 | 9,850 | 366,415 | 3,750 | 3,750 | ||
Proceeds from debt issuance | ||||||
0 | 99,499 | 907,725 | 50,500 | 51,500 | ||
Proceeds from borrowings on revolving credit facility | ||||||
60,000 | 0 | 0 | - | 40,000 | ||
Repurchase of Earnout Warrants | ||||||
0 | 55 | 0 | 0 | - | ||
Repayments of borrowings on revolving credit facility | ||||||
- | - | - | 50,000 | 15,000 | ||
Repayment of Senior Notes due 2020 | ||||||
0 | 0 | 495,997 | 0 | 0 | ||
Recapitalization transaction | ||||||
0 | 0 | 79,658 | 0 | 0 | ||
Redemption of cumulative redeemable preferred shares | ||||||
- | - | - | 35,508 | 0 | ||
Accrued dividends of cumulative redeemable preferred shares | ||||||
- | - | - | 14,492 | 0 | ||
Repurchase of ordinary shares | ||||||
13,694 | 314 | 0 | 0 | - | ||
Net cash provided by (used in) financing activities | ||||||
36,206 | 89,280 | 119,704 | -55,815 | 69,662 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
-95,422 | -876 | 74,066 | 1,320 | -3,686 | ||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||||||
Cash paid for interest, net of interest capitalized | ||||||
43,089 | 53,420 | 61,066 | 50,401 | 45,510 | ||
Cash paid for income taxes, net | ||||||
8,159 | 10,890 | 21,582 | 16,953 | 6,803 | ||
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||
Capital expenditures incurred but not yet paid | ||||||
20,958 | 484 | 12,605 | 483 | 8,366 | ||
Intangible assets capitalized but not yet paid | ||||||
251 | 516 | 0 | 0 | - | ||
Interest capitalized but not yet paid | ||||||
41 | 16 | 163 | 0 | 64 | ||
Right-of-use assets obtained in exchange for new operating lease liabilities | ||||||
1,393 | 0 | 0 | - | - | ||
Par value of vested restricted share awards | ||||||
54 | 22 | 17 | 0 | 0 | ||
Non-cash issuance of shares in business combination (see Note 4) | ||||||
0 | 215,400 | 0 | 0 | - | ||
Dividends, Paid-in-kind | ||||||
0 | 0 | 7,922 | 43,676 | 36,045 | ||
Purchase of cumulative redeemable preferred shares | ||||||
0 | 0 | 239,492 | 0 | 0 | ||
Temporary Equity, Settlement of Dividends | ||||||
0 | 0 | 114,381 | 0 | 0 | ||
Par value of ordinary shares issued in exchange for warrants | ||||||
0 | 0 | 747 | 0 | 0 | ||
Non-cash dividend to warrant holders | ||||||
0 | 0 | 879 | 0 | 0 | ||
Non-cash transfer of treasury shares | ||||||
0 | 0 | 80 | 0 | 0 | ||
Accretion of issuance costs and discount on cumulative redeemable preferred shares | ||||||
- | - | - | - | 3,612 | ||