| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
-87,300 | -75,436 | -69,176 | -24,100 | -10,687 | -18,182 | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash | ||||||||
Depreciation, Depletion and Amortization | ||||||||
46,973 | 49,519 | 51,203 | 50,006 | 48,045 | 46,683 | 0 | 0 | 0 |
Impairment expense | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Gain on disposition of assets | ||||||||
8,236 | 10,897 | 10,598 | 9,882 | 10,597 | 7,785 | 0 | 0 | 0 |
Non-cash interest expense | ||||||||
352 | 351 | 351 | 351 | 355 | 1,032 | 0 | 0 | 0 |
Loss on debt extinguishment | ||||||||
- | - | - | - | - | -8,594 | 0 | 0 | 0 |
Provision for doubtful accounts | ||||||||
2,392 | 2,423 | 1,371 | 943 | 1,201 | 1,103 | 0 | 0 | 0 |
Deferred income tax expense | ||||||||
-129 | -58 | 44 | 159 | 132 | 92 | 0 | 0 | 0 |
Stock-based compensation | ||||||||
8,508 | 8,928 | 9,497 | 10,515 | 10,763 | 17,898 | 0 | 0 | 0 |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-35,121 | -32,888 | 358 | -9,735 | 13,118 | 19,398 | 0 | 0 | 0 |
Unbilled receivables | ||||||||
-3,467 | -6,852 | -2,306 | -4,718 | 205 | 4,121 | 0 | 0 | 0 |
Inventories | ||||||||
-1,190 | -1,862 | -3,179 | -2,739 | -1,847 | 770 | 0 | 0 | 0 |
Prepaid expenses and other current assets | ||||||||
-5,516 | -6,174 | -3,946 | -2,854 | -2,850 | -1,442 | 0 | 0 | 0 |
Other noncurrent assets | ||||||||
82 | 79 | -17 | -184 | 0 | 3 | 0 | 0 | 0 |
Accounts payable | ||||||||
-9,656 | -14,415 | -3,236 | -2,153 | 7,061 | 10,647 | 0 | 0 | 0 |
Accrued liabilities | ||||||||
-12,276 | -7,919 | -1,956 | -1,690 | 2,697 | 2,767 | 0 | 0 | 0 |
Other long-term liabilities | ||||||||
-32 | -131 | -131 | -151 | -152 | -60 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||
31,296 | 36,277 | 22,674 | 44,228 | 40,192 | 39,939 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||
Purchases of property, plant and equipment | ||||||||
29,698 | 35,247 | 40,923 | 45,284 | 66,536 | 64,957 | 0 | 0 | 0 |
Advances of deposit on equipment | ||||||||
0 | - | - | - | 0 | - | - | - | 0 |
Proceeds from sale of property, plant and equipment | ||||||||
13,851 | 16,810 | 17,065 | 13,353 | 13,500 | 10,744 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
-15,493 | -18,437 | -23,858 | -31,931 | -51,681 | -54,213 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||
Proceeds from revolving debt | ||||||||
20,000 | 7,500 | 12,000 | 16,000 | 34,000 | 41,500 | 0 | 0 | 0 |
Payments on revolving debt | ||||||||
25,000 | 16,000 | 9,000 | 12,000 | 10,000 | 91,071 | 0 | 0 | 0 |
Payments on term loans | ||||||||
- | - | - | - | - | 11,225 | 0 | 0 | 0 |
Payments on finance leases | ||||||||
2,566 | 1,990 | 1,407 | 823 | 412 | 380 | 0 | 0 | 0 |
Payments on financed payables | ||||||||
3,353 | 3,373 | 4,417 | 3,978 | 2,756 | 2,139 | 0 | 0 | 0 |
Payment of deferred financing costs | ||||||||
- | - | - | - | - | 1,564 | 0 | 0 | 0 |
Prepayment premiums on early debt extinguishment | ||||||||
- | - | - | - | - | 1,346 | 0 | 0 | 0 |
Payments for treasury shares | ||||||||
2,594 | 3,051 | 3,125 | 2,508 | 1,990 | 1,816 | 0 | 0 | 0 |
Proceeds from new shares issuance, net of underwriting commissions | ||||||||
- | - | - | - | - | 90,542 | 0 | 0 | 0 |
Payments of Stock Issuance Costs | ||||||||
- | - | - | - | - | 3,174 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||
-13,513 | -16,914 | -5,949 | -3,958 | 15,733 | 19,327 | 0 | 0 | 0 |
Net increase in cash and cash equivalents | ||||||||
2,290 | 926 | -7,133 | 8,339 | 4,244 | 5,053 | 0 | 0 | 0 |
Supplemental cash flow information | ||||||||
Cash paid for interest | ||||||||
2,881 | 2,805 | 2,537 | 2,238 | 1,843 | 2,087 | 0 | 0 | 0 |
Income taxes paid | ||||||||
485 | 491 | 499 | 38 | 111 | 105 | 0 | 0 | 0 |
Supplemental non-cash investing and financing activities | ||||||||
Fixed asset purchases in accounts payable and accrued liabilities | ||||||||
2,735 | 2,999 | 5,059 | 5,843 | 5,164 | 4,900 | 0 | 0 | 0 |
Financed payables | ||||||||
3,784 | 3,627 | 3,420 | 3,420 | 3,386 | 2,994 | 0 | 0 | 0 |
Non-cash finance lease additions | ||||||||
8,273 | 8,887 | 8,873 | 8,749 | 773 | 53 | 0 | 0 | 0 |
Non-cash payment for property, plant and equipment | ||||||||
- | - | - | - | - | 3,279 | 0 | 0 | 0 |
Debt conversion of Former Term Loan to equity | ||||||||
- | - | - | - | - | 33,631 | 0 | 0 | 0 |
Issuance of common shares for members’ equity | ||||||||
- | - | - | - | - | 212,630 | 0 | 0 | 0 |
Stock issuance cost included in accounts payable | ||||||||
- | - | - | - | - | - | - | 0 | 0 |