| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net income (loss) | |||||||||
380,064 | 292,316 | -79,079 | 44,713 | -151,710 | 82,538 | 186,366 | 22,259 | 88,869 | -21,588 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||
-9,667 | -11,312 | -12,800 | -19,128 | - | - | - | - | - | - |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||
389,731 | 303,628 | -66,279 | 63,841 | - | - | - | - | - | - |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | |||||||||
Depreciation expense | |||||||||
36,298 | 36,246 | 33,779 | 31,363 | 24,997 | 15,255 | 9,705 | 8,024 | 7,184 | 5,291 |
Amortization expense of assets and liabilities, net | |||||||||
22,457 | 996 | 1,589 | 875 | 570 | 541 | -463 | -103 | 2,291 | 637 |
Accretion of asset retirement obligations | |||||||||
51 | 47 | 62 | 78 | 72 | 67 | 0 | 0 | - | - |
Accretion of convertible note discount | |||||||||
-539 | -5,014 | -5,413 | -5,147 | -4,699 | -2,635 | 0 | 0 | - | - |
Amortization of marketable securities | |||||||||
-146 | -215 | 0 | 0 | 189 | 553 | 0 | 0 | - | - |
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | |||||||||
566 | 1,117 | 2,151 | 1,919 | -359 | -6,631 | 0 | 0 | - | - |
Insured Event, Gain (Loss) | |||||||||
0 | 4,457 | 5,329 | 9,894 | 0 | 0 | - | - | - | - |
Change in fair value of convertible debt conversion liability | |||||||||
0 | 0 | 18,833 | -13,045 | 0 | 0 | - | - | - | - |
Gain on sales of assets | |||||||||
0 | 974 | 0 | 0 | 5,358 | 0 | 0 | - | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||
488 | 6,297 | 0 | 2,331 | 0 | 0 | - | - | - | - |
Asset Impairment Charges | |||||||||
12,208 | 879 | 49,873 | 17,893 | 0 | 0 | - | - | - | - |
Loss on disposal of property, plant and equipment, net | |||||||||
- | - | - | - | - | - | -815 | 0 | 0 | - |
Provision for doubtful accounts | |||||||||
447 | -273 | 139 | 630 | -803 | 1,453 | 309 | 563 | 1,389 | 105 |
Stock compensation expense | |||||||||
6,707 | 6,412 | 6,909 | 5,896 | 5,161 | 5,883 | 5,416 | 13,119 | 5,934 | 1,376 |
Impairment of goodwill | |||||||||
- | - | - | - | 175,028 | 0 | 0 | - | - | - |
Impairment of investment | |||||||||
- | - | - | - | 1,915 | 0 | 0 | - | - | 400 |
(Income) from equity method investees | |||||||||
- | - | - | - | - | - | - | - | 442 | -689 |
Deferred tax expense | |||||||||
591 | -4,850 | 30,088 | -3,009 | 8,953 | -3,641 | -9,859 | -2,986 | 4,967 | 3,252 |
Impairment of intangible assets | |||||||||
- | - | - | - | - | - | - | - | - | 7,336 |
Impairment of long lived assets | |||||||||
- | - | - | - | - | - | - | - | - | 158 |
Change in fair value of preferred stock conversion feature embedded derivatives | |||||||||
- | - | - | - | - | - | - | 11,975 | 7,939 | -8,208 |
Change in fair value of Seneca Holdco liability | |||||||||
- | - | - | - | - | - | - | 249 | -1,497 | -3,742 |
Premium paid for Seneca Landlord investment | |||||||||
- | - | - | - | - | - | - | 7,063 | 0 | - |
Distributions received from equity method investees | |||||||||
- | - | - | - | - | - | - | - | - | 100 |
Expense settled with stock issuance | |||||||||
- | - | - | - | - | - | - | 1,898 | 0 | - |
Other operating activities | |||||||||
-11 | -593 | -246 | 71 | 231 | -249 | 0 | 0 | - | - |
Forgiveness of note payable | |||||||||
- | - | - | - | - | - | - | - | 86 | - |
Changes in assets and liabilities: | |||||||||
Increase (Decrease) in Accounts Receivable | |||||||||
786,178 | -19,662 | -74,974 | -145,235 | 20,309 | 207,877 | 64,460 | -32,014 | 35,421 | 4,876 |
Inventories | |||||||||
-7,151 | 34,066 | -12,029 | 58,551 | -29,631 | 277 | 40,608 | 3,096 | 13,047 | 15,937 |
Prepaid expenses and other assets | |||||||||
-11,089 | -41,250 | -2,491 | -7,392 | -16,315 | 12,146 | 9,984 | 394 | 11,951 | -1,866 |
Accounts payable | |||||||||
263,208 | 14,221 | -20,220 | -133,461 | 32,422 | 143,131 | 22,386 | -4,002 | 14,153 | -3,378 |
Accrued expenses and other liabilities | |||||||||
16,505 | -7,259 | -18,802 | 6,985 | -6,769 | 2,336 | 4,801 | -2,614 | 6,321 | 671 |
Operating lease obligations | |||||||||
20,913 | 0 | 0 | - | - | - | - | - | - | - |
Deferred revenue | |||||||||
8,321 | -1,918 | -25,028 | 26,913 | -16,347 | 1,177 | 15,503 | -6,748 | -2,591 | 3,859 |
Net cash flows provided by (used in) operating activities - continuing operations | |||||||||
-33,027 | 379,456 | 42,742 | 99,823 | 80,160 | 32,528 | 139,645 | 44,619 | 51,194 | -14,593 |
Net cash flows used in operating activities - discontinuing operations | |||||||||
-13,681 | -13,922 | -12,946 | -11,972 | - | - | - | - | - | - |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Cash paid for marketable securities | |||||||||
3,478 | 70,745 | 0 | 0 | 52,435 | 80,974 | 0 | 0 | - | - |
Transfer into restricted cash | |||||||||
- | - | - | - | 4,000 | 117,660 | 0 | - | - | - |
Cash receipts of restricted cash | |||||||||
- | - | - | - | 15,845 | 0 | 0 | - | - | - |
Cash received from maturities of marketable securities | |||||||||
54,584 | 20,000 | 0 | 0 | 68,979 | 63,840 | 0 | 0 | - | - |
Proceeds from the sale of fixed assets | |||||||||
- | - | - | - | - | - | - | - | - | 303 |
Change in restricted cash | |||||||||
- | - | - | - | - | - | - | 64 | -2,664 | 513 |
Cash paid for purchase of property, plant and equipment | |||||||||
42,518 | 46,453 | 67,557 | 60,384 | 64,477 | 60,163 | 39,053 | 12,654 | 4,806 | 4,550 |
Insurance proceeds for asset impairments | |||||||||
0 | 4,464 | 8,000 | 10,949 | 11,027 | 0 | 0 | - | - | - |
Cash receipts from disposal of fixed assets | |||||||||
0 | 1,647 | 0 | 0 | - | 45 | 330 | 0 | 0 | - |
Cash paid for investments | |||||||||
6,018 | 974 | 816 | 3,249 | 1,452 | 2,779 | 4,733 | 37 | 0 | - |
Cash paid for acquisitions and additional interests, net of cash acquired | |||||||||
0 | 4,801 | 3,482 | 12,720 | 41,409 | 19,369 | 10,933 | 1,791 | 0 | - |
Deconsolidation of Blackhawk | |||||||||
- | - | - | - | - | - | - | - | - | 206 |
Other investing activities | |||||||||
- | - | - | - | - | -27 | 0 | 0 | -22 | - |
Cash provided through acquisitions | |||||||||
- | - | - | - | - | - | - | - | - | 404 |
Net cash flows (used in) provided by investing activities - continuing operations | |||||||||
2,570 | -96,862 | -63,855 | -65,404 | -67,922 | -217,033 | -54,389 | -14,546 | -2,120 | -4,562 |
Net cash flows (used in) provided by investing activities - discontinuing operations | |||||||||
3,100 | -335 | -14 | -319 | - | - | - | - | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Net borrowings on revolving line of credit | |||||||||
70,091 | -50,967 | 8,025 | 26,445 | 6,470 | 5,693 | 10,986 | -4,035 | - | - |
Borrowing on other lines of credit | |||||||||
113,459 | 71,865 | 8,812 | 10,185 | 0 | 0 | - | - | 40,564 | 9,400 |
Repayments on other lines of credits | |||||||||
120,644 | 69,267 | 4,442 | 2,437 | 0 | 0 | - | - | 46,079 | 750 |
Cash received for issuance of debt | |||||||||
0 | 14,034 | 23,575 | 11,775 | 104 | 5,490 | 3,000 | 0 | 10,000 | - |
Cash paid for capped call transactions | |||||||||
- | - | - | - | - | 11,904 | 0 | 0 | - | - |
Cash received on convertible debt | |||||||||
- | - | - | 152,000 | 0 | 143,750 | 0 | 0 | - | - |
Cash paid on notes payable | |||||||||
80,365 | 143,516 | 14,659 | 87,112 | 6,708 | 37,798 | 10,999 | 44,509 | 20,695 | 2,109 |
Cash paid for debt issuance costs | |||||||||
116 | 697 | 1,062 | 6,369 | 542 | 4,719 | 203 | 138 | 1,443 | 702 |
Cash received on partial termination of capped call options | |||||||||
0 | 85 | 0 | 159 | 0 | 0 | - | - | - | - |
Cash proceeds from investment in Seneca Landlord | |||||||||
- | - | - | - | - | - | - | - | - | 4,000 |
Repayment of investment in Seneca Landlord | |||||||||
- | - | - | - | - | - | - | 4,000 | 0 | - |
Cash received from issuance of common stock to ARES Corporation | |||||||||
- | - | - | - | - | - | - | - | - | 8,000 |
Cash received from initial public offering | |||||||||
- | - | - | - | - | - | - | 63,747 | 0 | - |
Cash paid for issuance of common stock and preferred stock | |||||||||
- | - | - | - | - | 1,587 | 25 | 1,699 | 2,153 | 280 |
Cash paid for redemption of preferred stock | |||||||||
- | - | - | - | - | -3,562 | 0 | 0 | - | - |
Cash received upon exercise of warrant | |||||||||
- | - | - | - | - | - | - | - | 48 | - |
Cash paid for treasury stock | |||||||||
0 | 25,048 | 0 | 51,474 | 24,350 | 529 | 282 | 3,074 | 0 | - |
Cash paid for contingent consideration settlement | |||||||||
10,427 | 12,223 | 29,150 | 7,548 | 2,248 | 0 | 0 | - | - | - |
Cash paid for conversion of restricted stock units and stock appreciation rights | |||||||||
3,550 | 3,471 | 1,257 | 0 | 0 | - | - | - | - | - |
Other financing activities | |||||||||
-500 | 0 | 0 | - | - | - | - | - | - | - |
Net cash flows provided by financing activities - continuing operations | |||||||||
-32,052 | -219,205 | -10,158 | 45,624 | -27,274 | 94,794 | 1,186 | 3,137 | -19,758 | 17,559 |
Net cash flows used in financing activities - discontinuing operations | |||||||||
0 | 0 | 0 | 0 | - | - | - | - | - | - |
Cash paid for preferred stock dividends | |||||||||
- | - | - | - | - | 40 | 1,291 | 3,155 | 0 | - |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | |||||||||
-73,090 | 49,132 | -44,231 | 67,752 | -15,036 | -89,711 | 86,442 | 33,210 | 29,316 | -1,596 |
Effect of exchange rate changes on cash | |||||||||
-49 | -184 | 1,648 | -583 | -1,399 | 0 | 0 | - | - | - |
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION: | |||||||||
Cash paid for income taxes | |||||||||
740 | 910 | 252 | 410 | -189 | -1,847 | -7,475 | 3,537 | -7,172 | -584 |
Cash paid for interest | |||||||||
9,054 | 11,453 | 11,637 | 9,920 | 6,947 | 4,065 | 2,336 | 3,984 | 5,418 | 4,226 |
Leased assets obtained in exchange for new operating lease liabilities | |||||||||
11,581 | 0 | 0 | - | - | - | - | - | - | - |
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||||||||
Effects of recapitalization | |||||||||
- | - | - | - | - | - | - | 39,107 | 0 | 8,521 |
Accretion of preferred stock to redemption value | |||||||||
- | - | - | - | - | - | - | 1,808 | 25,343 | 27,239 |
Common stock repurchased included in accrued expenses and other liabilities | |||||||||
- | - | - | - | 464 | 526 | 529 | 124 | 398 | - |
Amounts included in period-end accounts payable for: | |||||||||
Purchases of property, plant and equipment | |||||||||
3,641 | 3,459 | 7,688 | 3,833 | 7,734 | 4,220 | 2,037 | 3,884 | 898 | 192 |
Issuance costs | |||||||||
0 | 37 | 29 | 250 | 84 | 311 | 105 | 48 | 85 | - |
Incentive common stock liability for supply agreement | |||||||||
- | - | - | - | 316 | 412 | 583 | 423 | 1,469 | - |
Equity issuance costs | |||||||||
- | - | - | - | - | - | - | - | 999 | - |
Removal of cost method investee as a result of consolidation | |||||||||
- | - | - | - | - | - | - | - | - | 1,000 |
Issuance of common stock for acquisitions | |||||||||
- | - | - | 4,050 | 15,310 | 80,163 | - | - | - | 3,015 |
Contingent consideration for acquisitions | |||||||||
0 | 482 | 0 | 4,500 | 5,000 | 45,950 | - | - | - | - |
Release of restricted cash to pay off the GOZone Bonds | |||||||||
- | - | - | 101,315 | 0 | 0 | - | - | - | - |
Repayment of GOZone Bonds | |||||||||
- | - | - | 100,000 | 0 | 0 | - | - | - | - |
Non-cash transfer of line of credit to long-term debt | |||||||||
- | - | - | 4,498 | 0 | 0 | - | - | - | - |
Non-cash allocation of proceeds from the 2036 Convertible Notes issuance to convertible debt conversion liability | |||||||||
- | - | - | 40,145 | 0 | 0 | - | - | - | - |
Non-cash allocation of purchase price between debt and equity related to the repurchase of the 2019 Convertible Notes | |||||||||
- | - | - | 7,387 | 0 | 0 | - | - | - | - |
Non-cash reclassification of the 2036 Convertible Notes conversion liability to additional paid in capital, net of tax impact | |||||||||
0 | 0 | 27,908 | 0 | 0 | - | - | - | - | - |
Issuance of treasury stock to settle 2019 Convertible Senior Notes conversion premium | |||||||||
-18,779 | 0 | 0 | - | - | - | - | - | - | - |
Receipt in treasury stock for settlement of capped call option | |||||||||
8,952 | 0 | 0 | - | - | - | - | - | - | - |
Non-cash share repurchases from partial capped call termination | |||||||||
- | - | - | 1,588 | 0 | 0 | - | - | - | - |
Gain on redemption of preferred stock | |||||||||
- | - | - | - | - | 378 | - | - | - | - |
Accruals of insurance proceeds related to impairment of property, plant and equipment | |||||||||
- | - | - | 313 | 1,414 | 0 | - | - | - | - |
Removal of equity method investee as a result of consolidation | |||||||||
- | - | - | - | - | - | - | - | 1,613 | 3,969 |
Property, plant and equipment acquired through the assumption of liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 39,314 |
Issuance of restricted stock units for equity issuance cost | |||||||||
- | - | - | - | - | - | - | - | - | 582 |
Issuance of common stock per exercise of Seneca Landlord put/call option | |||||||||
- | - | - | - | - | - | - | 591 | - | - |
Issuance of common stock for dividends | |||||||||
- | - | - | - | - | - | 764 | 1 | - | - |
In-kind contribution through acquisition | |||||||||
- | - | - | - | - | - | - | 1,336 | - | - |
Issuance of note payable for acquisition | |||||||||
- | - | - | - | - | - | 5,135 | - | - | - |
Cash | |||||||||
- | - | - | - | - | - | - | - | - | 8,404 |
Restricted cash | |||||||||
- | - | - | - | - | - | - | - | - | 2,302 |
Other current assets | |||||||||
- | - | - | - | - | - | - | - | - | 1,342 |
Property, plant and equipment | |||||||||
- | - | - | - | - | - | - | - | - | 89,597 |
Goodwill | |||||||||
- | - | - | - | - | - | - | - | - | 68,784 |
Intangible assets | |||||||||
- | - | - | - | - | - | - | - | - | 3,027 |
Other noncurrent assets | |||||||||
- | - | - | - | - | - | - | - | - | 231 |
Line of credit | |||||||||
- | - | - | - | - | - | - | - | - | 900 |
Other current liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 5,548 |
Notes payable | |||||||||
- | - | - | - | - | - | - | - | - | 72,668 |
Other noncurrent liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 11,454 |
Assets Liabilities Acquired through Issuance of Stock | |||||||||
- | - | - | - | - | - | - | - | - | 83,117 |
2036 Convertible Notes | |||||||||
2036 Convertible Senior Notes settlement | |||||||||
9,402 | 0 | 0 | - | - | - | - | - | - | - |