| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities: | ||||||||
Net loss | ||||||||
89,476 | 44,788 | -202,386 | -12,531 | 49,133 | 49,919 | 51,920 | 74,221 | 19,113 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
Goodwill impairment charge | ||||||||
- | - | 269,332 | - | - | - | - | - | - |
Depreciation and amortization | ||||||||
160,557 | 160,955 | 163,294 | 199,649 | 182,503 | 176,275 | 166,086 | 166,975 | 213,592 |
Amortization of debt issuance costs and discounts | ||||||||
3,446 | 4,461 | 4,812 | 5,325 | 6,409 | 9,399 | 10,869 | 13,896 | 18,446 |
Loss on impairment or disposal of assets, net | ||||||||
-4,616 | -19,681 | -13,525 | -9,640 | -6,685 | -5,792 | -10,100 | -11,223 | -11,346 |
Loss on early extinguishment of debt and write-off of discounts and debt issuance costs | ||||||||
- | 8,150 | 8,143 | - | 20,905 | 461 | 29,858 | -2,053 | - |
Loss on derivatives | ||||||||
- | - | - | -1 | -287 | - | - | - | - |
Deferred income tax benefit | ||||||||
37,998 | 16,894 | -86,477 | 8,937 | 23,246 | 28,000 | 24,728 | 36,937 | 12,197 |
Equity-based compensation | ||||||||
11,106 | 22,152 | 23,203 | 37,515 | 6,527 | 2,349 | 6,025 | 1,191 | 823 |
Changes in assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-10,865 | 24,347 | 3,005 | -2,110 | 3,622 | -6,256 | 3,215 | -4,651 | -11,574 |
Inventories | ||||||||
-721 | 4,620 | 3,285 | -2,503 | -1,234 | -2,709 | 166 | 4,156 | 4,089 |
Prepaid expenses and other current assets | ||||||||
27,359 | 2,275 | -3,336 | 3,196 | -835 | 1,276 | 5,343 | 1,327 | 3,711 |
Accounts payable and accrued expenses | ||||||||
2,733 | 13,317 | 7,347 | 3,600 | 2,523 | -8,791 | 4,293 | -6,247 | -6,223 |
Accrued salaries, wages and benefits | ||||||||
-5,467 | 6,051 | -6,456 | 8,680 | -6,738 | -4,928 | -9,092 | 899 | 6,514 |
Deferred revenue | ||||||||
665 | 25,611 | 2,368 | -1,536 | 943 | -6,089 | 94 | -1,444 | -13,983 |
Other accrued liabilities | ||||||||
57,684 | 3,417 | -3,692 | 12,281 | -2,347 | -763 | -824 | -760 | 1,186 |
Right-of-use assets and operating lease obligations | ||||||||
501 | - | - | - | - | - | - | - | - |
Other assets and liabilities | ||||||||
-874 | 300 | -2,398 | -7,434 | 2,249 | -2,219 | -1,128 | -1,328 | -1,464 |
Net cash (used in) provided by operating activities | ||||||||
348,416 | 293,935 | 192,457 | 280,412 | 286,274 | 261,532 | 286,461 | 299,440 | 268,249 |
Cash Flows From Investing Activities: | ||||||||
Capital expenditures | ||||||||
195,217 | 179,770 | 172,517 | 160,518 | 157,302 | 154,641 | 166,258 | 191,745 | 225,316 |
Acquisition of Knott's Soak City Water Park | ||||||||
- | - | - | - | - | - | - | 12,000 | - |
Acquisition of intangible assets | ||||||||
- | - | - | - | 120 | 1,900 | - | - | - |
Change in restricted cash | ||||||||
- | - | - | - | -45 | 5 | 118 | 573 | - |
Other investing activities | ||||||||
-24 | 259 | -1,644 | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||
-195,193 | -180,029 | -170,873 | -160,518 | -157,377 | -156,546 | -166,376 | -204,318 | -225,316 |
Proceeds from the issuance of debt | ||||||||
- | 543,935 | 998,306 | - | 280,000 | - | 1,455 | 487,163 | 550,291 |
Repayments of long-term debt | ||||||||
15,506 | 565,592 | 1,026,909 | 12,637 | 306,150 | 45,537 | 189,255 | 57,680 | 586,248 |
Proceeds from draws on revolving credit facility | ||||||||
294,000 | 95,000 | 95,649 | 109,351 | 60,000 | 40,000 | 35,000 | 61,000 | - |
Repayments of revolving credit facility | ||||||||
274,000 | 80,000 | 105,000 | 100,000 | 45,000 | 40,000 | 35,000 | 97,000 | 36,000 |
Proceeds from issuance of common stock | ||||||||
- | - | - | - | - | - | - | - | 12,836 |
Proceeds from issuance of common stock in initial public offering, net of underwriter commissions | ||||||||
- | - | - | - | - | - | 253,800 | - | - |
Repayment of note payable | ||||||||
- | - | - | - | - | - | 3,000 | - | - |
Redemption premium payment | ||||||||
- | - | - | - | 14,300 | - | 15,400 | - | - |
Purchase of treasury stock | ||||||||
150,000 | 98,032 | - | - | 50,650 | 60,058 | 44,163 | - | - |
Dividends paid to stockholders | ||||||||
- | - | - | 65,306 | 72,318 | 72,113 | 36,175 | 502,977 | 106,920 |
Payment of tax withholdings on equity-based compensation through shares withheld | ||||||||
4,841 | 3,977 | 2,088 | 1,629 | 843 | 213 | 852 | - | - |
Exercise of stock options | ||||||||
3,795 | 4,282 | 11 | 82 | - | - | - | - | - |
Debt issuance costs | ||||||||
- | 8,086 | 15,390 | - | 4,571 | - | 10,635 | 2,951 | 5,926 |
Other financing activities | ||||||||
-753 | -426 | -1,544 | - | - | - | - | - | - |
Net cash provided by financing activities | ||||||||
-147,305 | -112,896 | -56,965 | -70,139 | -153,832 | -177,921 | -48,919 | -116,110 | -99,967 |
Offering costs | ||||||||
- | - | - | - | - | - | 4,694 | 3,665 | - |
Change in Cash and Cash Equivalents, including Restricted Cash | ||||||||
5,918 | 1,010 | -35,381 | 49,755 | -24,935 | -72,935 | 71,166 | -20,988 | -57,034 |
Supplemental Disclosure of Noncash Investing and Financing Activities | ||||||||
Capital expenditures in accounts payable | ||||||||
39,538 | 30,760 | 24,626 | 19,080 | 28,743 | 25,730 | 27,160 | 22,696 | 28,441 |
Dividends declared, but unpaid | ||||||||
- | - | - | 908 | 430 | - | - | - | - |
Issuance of notes payable related to business acquisition | ||||||||
- | - | - | - | - | - | - | 3,000 | - |