| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Mar'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||||
Net (loss) income | |||||||||||||
33,773 | 90,360 | 89,679 | 97,033 | 95,972 | 85,952 | 62,727 | 43,696 | 23,310 | 14,677 | 0 | 0 | 0 | 0 |
Adjustment to reconcile net (loss) income to net cash provided by operating activities: | |||||||||||||
Depreciation and amortization | |||||||||||||
27,694 | 26,925 | 25,783 | 24,203 | 21,565 | 18,422 | 14,873 | 11,287 | 8,673 | 6,635 | 0 | 0 | 0 | 0 |
Loss on disposal of asset | |||||||||||||
-105 | -261 | -277 | -540 | -528 | -318 | -269 | -151 | -476 | -498 | 0 | 0 | 0 | - |
Allowance for credit losses | |||||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||||||
4,942 | 4,475 | 3,986 | 3,099 | 3,210 | 3,861 | 4,744 | 5,826 | 5,182 | 3,701 | 0 | 0 | 0 | 0 |
Amortization of debt issuance costs | |||||||||||||
718 | 753 | 787 | 822 | 312 | 296 | 234 | 166 | 102 | 51 | 0 | 0 | 0 | - |
Deferred income tax expense | |||||||||||||
6,355 | 16,122 | 14,561 | 15,213 | 14,363 | 12,277 | 0 | 0 | 0 | - | - | - | - | - |
Impairment losses | |||||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other | |||||||||||||
129 | 150 | 196 | -198 | -631 | -620 | 0 | 0 | 0 | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||||
Accounts receivable | |||||||||||||
8,804 | -853 | 9,536 | 17,238 | 20,263 | 26,766 | 25,035 | 19,973 | 14,545 | 8,469 | 0 | 0 | 0 | 0 |
Prepaid expenses and other assets | |||||||||||||
-1,744 | -2,332 | -5,069 | -5,925 | -3,014 | 686 | 3,315 | 2,905 | 2,275 | 3,273 | 0 | 0 | 0 | 0 |
Inventories | |||||||||||||
86 | 2,744 | 4,450 | 6,793 | 6,891 | 10,470 | 9,432 | 10,157 | 14,205 | 7,532 | 0 | 0 | 0 | 0 |
Accounts payable | |||||||||||||
4,629 | -3,582 | 119 | -2,224 | -1,068 | 4,469 | 161 | 4,114 | 3,276 | 4,224 | 0 | 0 | 0 | 0 |
Accrued liabilities | |||||||||||||
5,686 | 4,183 | 5,144 | 5,274 | 1,235 | 2,614 | 7,020 | 6,432 | 6,028 | 5,805 | 0 | 0 | 0 | 0 |
Deferred revenue | |||||||||||||
- | -25,458 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | |||||||||||||
103,565 | 114,871 | 147,375 | 145,206 | 134,932 | 116,365 | 71,269 | 53,782 | 28,331 | 26,729 | 0 | 0 | 0 | 0 |
Investment in property, plant and equipment | |||||||||||||
15,181 | 34,852 | 68,980 | 103,641 | 140,289 | 161,079 | 169,910 | 158,585 | 127,454 | 93,912 | 0 | 0 | 0 | 0 |
Cash received from insurance proceeds | |||||||||||||
620 | 618 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from disposal of assets | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - |
Investment in intangible assets | |||||||||||||
- | - | - | - | - | 6 | 44 | 50 | 72 | 72 | 0 | 0 | 0 | - |
Net cash used in investing activities | |||||||||||||
-14,329 | -34,002 | -67,852 | -103,122 | -139,725 | -160,545 | -174,794 | -163,576 | -132,534 | -98,984 | 0 | 0 | 0 | 0 |
Cash flows from financing activities: | |||||||||||||
Share repurchases | |||||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Payments related to debt issuance costs | |||||||||||||
- | - | - | - | - | 1,014 | 0 | 0 | 0 | - | - | - | - | - |
Proceeds from pay down of promissory note related to membership units | |||||||||||||
- | - | - | - | - | - | - | - | - | 5,256 | 0 | 0 | 0 | - |
Distribution and dividend paid to Solaris LLC unitholders (other than Solaris Inc.) and Class A common shareholders | |||||||||||||
19,258 | 19,260 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments under finance leases | |||||||||||||
35 | 35 | 33 | 32 | 30 | 28 | 28 | 28 | 27 | 27 | 0 | 0 | 0 | 0 |
Payments under insurance premium financing | |||||||||||||
- | 2,485 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments under notes payable | |||||||||||||
- | - | - | - | - | - | - | - | - | -451 | 0 | 0 | 0 | 0 |
Proceeds from stock option exercises | |||||||||||||
83 | 294 | 294 | 390 | 522 | 932 | 0 | 0 | 0 | - | - | - | - | - |
Payments related to purchase of treasury stock | |||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - |
Repayment of senior secured credit facility | |||||||||||||
- | - | - | - | 0 | - | - | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||||||
-52,560 | -39,044 | -29,914 | -17,807 | -12,269 | 5,816 | 51,606 | 45,148 | 128,838 | 132,108 | 0 | 0 | 0 | 0 |
Net decrease in cash | |||||||||||||
36,676 | 41,825 | 49,609 | 24,277 | -17,062 | -38,364 | -51,919 | -64,646 | 24,635 | 59,853 | 0 | 0 | 0 | 0 |
Non-cash activities | |||||||||||||
Capitalized depreciation in property, plant and equipment | |||||||||||||
710 | 735 | 746 | 741 | 734 | 688 | 677 | 667 | 652 | 668 | 0 | 0 | 0 | 0 |
Property and equipment additions incurred but not paid at period-end | |||||||||||||
7 | 82 | -2,165 | -1,067 | -2,118 | 3,909 | 10,939 | 12,057 | 13,407 | 7,765 | 0 | 0 | 0 | - |
Property, plant and equipment additions transferred from inventory | |||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - |
Insurance premium financing | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - |
Accrued interest from notes receivable issued for membership units | |||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 |
Cash paid for: | |||||||||||||
Interest | |||||||||||||
189 | 275 | 363 | 403 | 389 | 281 | 126 | 75 | 72 | 104 | 0 | 0 | 0 | 0 |