| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||
Net loss | |||||||||
-329,757 | -200,821 | 145,206 | -41,056 | 11,868 | 121,540 | 75,256 | 79,154 | 30,253 | 11,392 |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | |||||||||
Depreciation, depletion and amortization | |||||||||
179,444 | 148,832 | 97,233 | 68,134 | 58,474 | 45,019 | 36,418 | 25,099 | 20,999 | 19,305 |
Goodwill and other asset impairments | |||||||||
363,847 | 281,899 | 0 | 0 | - | - | - | - | - | - |
Debt issuance amortization | |||||||||
5,597 | 4,044 | 1,382 | 1,392 | 1,401 | 912 | 680 | 515 | 265 | 450 |
Original issue discount amortization | |||||||||
1,053 | 832 | 372 | 378 | 382 | 272 | 209 | 168 | 157 | 383 |
Gain on valuation change of royalty note payable | |||||||||
16,854 | 0 | 0 | - | - | - | - | - | - | - |
Inventory step-up adjustments | |||||||||
22,373 | 20,107 | 3,812 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||
-101,682 | -31,070 | -20,601 | -36,903 | -10,473 | -2,442 | -1,889 | 2,249 | -659 | -1,324 |
Deferred revenue | |||||||||
-74,910 | -36,720 | 28,438 | -9,026 | -16,079 | -8,508 | -4,855 | -7,666 | -7,068 | -5,812 |
(Gain) loss on disposal of property, plant and equipment | |||||||||
-1,573 | 5,170 | -415 | -563 | -383 | -222 | 162 | 472 | 35 | -2 |
Equity-based compensation | |||||||||
15,906 | 22,337 | 25,050 | 12,107 | 3,857 | 7,487 | 3,039 | 2,330 | 1,238 | 383 |
Gain (Loss) on Extinguishment of Debt | |||||||||
- | - | - | - | - | - | 480 | 0 | 6,043 | 10,195 |
Excess tax benefit from equity-based compensation | |||||||||
- | - | - | - | - | 3,813 | 1,380 | 0 | - | - |
Provision for credit losses, net of recoveries | |||||||||
3,466 | 315 | 1,529 | -1,232 | -290 | 10,200 | -1,330 | - | - | - |
Other | |||||||||
12,042 | 13,536 | -13,929 | -5,300 | 5,257 | -367 | 2,186 | 1,297 | -4,029 | 767 |
Changes in operating assets and liabilities, net of effects of acquisitions: | |||||||||
Accounts receivable | |||||||||
-33,837 | -56,815 | 110,920 | 12,996 | -62,465 | 48,976 | 16,972 | 13,239 | 16,437 | -1,717 |
Inventories | |||||||||
-11,182 | 7,022 | 8,637 | 10,211 | -1,708 | -34 | 24,377 | 10,528 | 6,889 | -869 |
Prepaid expenses and other current assets | |||||||||
-8,547 | 2,678 | -8,787 | 509 | 708 | 2,158 | 2,959 | -4,114 | 5,370 | -194 |
Income taxes | |||||||||
1,725 | -3,764 | 1,469 | 11,558 | -5,837 | 2,063 | -18,179 | 24,491 | -1,745 | -2,341 |
Accounts payable and accrued expenses | |||||||||
21,024 | 26,907 | 43,654 | 13,232 | -42,353 | 51,357 | 1,385 | 8,458 | 25,388 | 4,133 |
Short-term and long-term obligations-vendor incentives | |||||||||
4,021 | 52,806 | 0 | 0 | - | - | - | - | - | - |
Accrued interest | |||||||||
- | - | - | - | -2 | 15 | 39 | -1,657 | 1,558 | 22 |
Liability for pension and other post-retirement benefits | |||||||||
2,734 | 4,608 | -705 | 1,307 | 1,953 | -2,180 | 574 | -2,769 | -9,162 | -2,063 |
Other noncurrent assets and liabilities | |||||||||
-2,962 | 8,015 | 8,400 | 1,657 | - | - | - | - | - | - |
Advisory services termination fee to Golden Gate Capital | |||||||||
- | - | - | - | - | - | - | 8,000 | - | 0 |
Net cash (used in) provided by operating activities | |||||||||
144,046 | 310,706 | 222,013 | 381 | 61,492 | 171,411 | 46,451 | 100,950 | 42,565 | 36,738 |
Investing activities: | |||||||||
Capital expenditures | |||||||||
118,357 | 339,815 | 368,479 | 46,450 | 53,646 | 92,609 | 60,470 | 105,719 | 66,745 | 15,241 |
Capitalized intellectual property costs | |||||||||
3,932 | 10,046 | 3,586 | 959 | 0 | 0 | 75,000 | 0 | - | - |
Maturities of short-term investments | |||||||||
- | - | - | 21,872 | 53,568 | 0 | 0 | - | - | - |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||
0 | 743,249 | 119,801 | 176,617 | 0 | 98,317 | 0 | 0 | - | - |
Proceeds from sale of property, plant and equipment | |||||||||
1,896 | 26,231 | 337 | 497 | 127 | 20 | 357 | 1,258 | 106 | 78 |
Net cash used in investing activities | |||||||||
-120,393 | -1,066,879 | -491,529 | -201,657 | 49 | -190,906 | -135,113 | -104,461 | -66,639 | -15,163 |
Financing activities: | |||||||||
Proceeds from Issuance of Common Stock | |||||||||
- | - | - | 678,791 | - | - | - | 50,000 | - | 0 |
Payments of Stock Issuance Costs | |||||||||
- | - | - | 25,732 | - | - | - | 9,171 | - | - |
Dividends paid | |||||||||
18,592 | 19,912 | 20,377 | 15,125 | 26,797 | 26,871 | 13,300 | 26,461 | - | 51,601 |
Repurchase of common stock | |||||||||
0 | 148,469 | 25,022 | 0 | 15,255 | 499 | 0 | 1,072 | - | 0 |
Issuance of treasury stock | |||||||||
- | - | - | - | - | - | - | 102 | - | 0 |
Proceeds from options exercised | |||||||||
100 | 100 | 800 | 4,825 | 473 | 5,563 | 7,942 | 0 | - | - |
Excess tax benefit from equity-based compensation | |||||||||
- | - | - | - | - | 3,813 | 1,380 | 0 | - | - |
Tax payments related to shares withheld for vested restricted stock and stock units | |||||||||
2,993 | 4,383 | 4,379 | 1,591 | 794 | 614 | 166 | 0 | - | - |
Advances from customers | |||||||||
- | - | - | - | - | 100,000 | 0 | 0 | 3,932 | - |
Proceeds from draw down of the Revolver | |||||||||
0 | 1,280,000 | 0 | 0 | - | 134,325 | 373,792 | 0 | 259,061 | 65,909 |
Issuance of short-term debt | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Payments on long-term debt | |||||||||
23,449 | 501,425 | 7,211 | 5,202 | 5,093 | 3,750 | 257,976 | 2,600 | 240,476 | 11,214 |
Financing fees paid | |||||||||
0 | 38,701 | 0 | 0 | 64 | 2,871 | 4,051 | 1,334 | 4,105 | 3,543 |
Contributions from non-controlling interest | |||||||||
4,554 | 7,497 | 0 | 0 | - | - | - | - | - | - |
Principal payments on finance lease obligations | |||||||||
59 | 564 | 951 | 542 | 0 | 132 | 744 | 0 | - | 5 |
Capital contributed by parent | |||||||||
- | - | - | - | - | - | - | - | - | 11,800 |
Proceeds from issuance of note to parent | |||||||||
- | - | - | - | - | - | - | - | - | 15,000 |
Prepayment penalties | |||||||||
- | - | - | - | - | - | 250 | 0 | 1,500 | 392 |
Repayment of short-term debt | |||||||||
- | - | - | - | - | - | - | 3,932 | - | 0 |
Change in book overdraft | |||||||||
- | - | - | - | - | - | - | -198 | 1,861 | 2,497 |
Net cash provided by (used in) financing activities | |||||||||
-40,411 | 574,104 | -57,142 | 635,424 | -47,530 | 208,964 | 106,627 | 5,334 | 18,773 | 28,451 |
Net decrease in cash and cash equivalents | |||||||||
-16,758 | -182,069 | -326,658 | 434,148 | 14,011 | 189,469 | - | 1,823 | -5,301 | 50,026 |
Supplemental cash flow information: | |||||||||
Cash paid during the period for: | |||||||||
Interest | |||||||||
87,286 | 66,769 | 24,490 | 21,994 | 21,729 | 15,920 | - | 12,436 | 18,404 | 20,108 |
Taxes, net of refunds | |||||||||
-14,741 | 5,373 | 8,958 | -11,322 | 4,568 | 37,637 | - | 3,883 | 6,915 | 4,246 |
Related party purchases | |||||||||
0 | 2,958 | 4,942 | 446 | 0 | - | - | - | - | - |
Non-cash items: | |||||||||
Common stock issued in connection with acquisitions | |||||||||
- | - | - | 278,229 | 0 | 0 | - | - | - | - |
Contribution of note from parent and related accrued interest | |||||||||
- | - | - | - | - | - | - | 16,692 | - | - |
Capital lease obligations incurred to acquire assets | |||||||||
- | - | - | 165 | 0 | 0 | - | 0 | - | - |
Equipment received | |||||||||
0 | 0 | 18,185 | 0 | 0 | - | - | - | - | - |
Accrued capital expenditures | |||||||||
27,646 | 36,008 | 16,534 | 391 | 1,154 | - | - | - | - | - |
Capital lease assumed by third-party | |||||||||
0 | 119 | 0 | 0 | - | - | - | - | - | - |
Asset retirement obligation assumed by third-party | |||||||||
0 | 2,116 | 0 | 0 | - | - | - | - | - | - |