| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
-79,044 | 235,965 | 58,964 | -92,453 | -21,820 | 4,477 | |
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities: | ||||||
Equity based compensation (Note 17) | ||||||
0 | 17,487 | 0 | 0 | - | - | |
Stock based compensation | ||||||
4,177 | 5,425 | 3,741 | 501 | 0 | 3,838 | |
Depreciation, depletion, accretion and amortization | ||||||
117,033 | 119,877 | 92,124 | 72,315 | 74,499 | 36,365 | |
Amortization of coil tubing strings | ||||||
1,641 | 2,200 | 2,900 | 2,000 | 2,076 | 1,508 | |
Amortization of debt origination costs | ||||||
326 | 387 | 399 | 603 | 501 | 1,094 | |
Bad debt expense | ||||||
1,434 | -14,578 | 16,206 | 1,968 | 3,881 | 603 | |
(Gain) loss on disposal of property and equipment | ||||||
-55 | -947 | -69 | 702 | -1,429 | 341 | |
Business Combination, Bargain Purchase, Gain Recognized, Amount | ||||||
0 | 0 | 4,012 | 0 | 0 | - | |
Impairment of goodwill | ||||||
33,664 | 3,203 | 0 | - | - | - | |
Impairment of other long-lived assets | ||||||
7,358 | 5,652 | 4,146 | 1,871 | 12,124 | 0 | |
Inventory obsolescence | ||||||
1,349 | 0 | 0 | - | - | - | |
Deferred income taxes | ||||||
-42,639 | 52,226 | -34,425 | 47,899 | -5,717 | 5,814 | |
Other | ||||||
986 | -16 | 0 | - | - | - | |
Loss from equity investee | ||||||
- | - | - | 0 | - | - | |
Changes in assets and liabilities, net of acquisitions of businesses: | ||||||
Accounts receivable, net | ||||||
27,006 | 78,840 | 231,751 | 4,641 | -32,027 | 1,922 | |
Receivables from related parties | ||||||
-3,641 | -22,624 | 1,096 | 2,462 | -9,770 | 26,741 | |
Inventories | ||||||
-830 | 5,502 | 14,238 | 624 | 3,998 | 219 | |
Prepaid expenses and other assets | ||||||
1,040 | -1,423 | 7,628 | 198 | -4,287 | 2,220 | |
Accounts payable | ||||||
-25,968 | -64,966 | 101,725 | 1,412 | -30,169 | 288 | |
Accounts payable | ||||||
156 | -1,008 | 1,174 | -249 | -756 | -6,514 | |
Accrued expenses and other liabilities | ||||||
-18,800 | 15,445 | 32,968 | 2,420 | -8,503 | 1,942 | |
Income taxes payable | ||||||
-71,499 | 68,692 | 36,395 | 1 | 8 | -2,120 | |
Net cash provided by (used in) operating activities | ||||||
-95,318 | 386,668 | 57,616 | 29,689 | 69,639 | 15,853 | |
Cash flows from investing activities: | ||||||
Purchases of property and equipment | ||||||
35,417 | 187,285 | 132,295 | 11,740 | 28,452 | 112,498 | |
Purchases of property and equipment from related parties | ||||||
344 | 4,658 | 1,558 | 0 | 0 | 97 | |
Business acquisitions, net | ||||||
0 | 20,824 | 42,008 | 0 | 0 | 80,881 | |
Contributions to equity investee | ||||||
680 | 702 | 0 | 0 | - | - | |
Proceeds from disposal of property and equipment | ||||||
3,217 | 1,514 | 907 | 4,022 | 1,417 | 3,063 | |
Other, net | ||||||
- | - | - | - | - | -2 | |
Business combination cash acquired (Note 4) | ||||||
0 | 0 | 2,671 | 0 | 0 | - | |
Net cash used in investing activities | ||||||
-33,224 | -211,955 | -172,283 | -7,718 | -27,035 | -190,411 | |
Cash flows from financing activities: | ||||||
Borrowings from lines of credit | ||||||
156,000 | 77,000 | 156,850 | 28,734 | 14,571 | 203,690 | |
Repayments of lines of credit | ||||||
76,000 | 176,900 | 56,950 | 123,734 | 65,612 | 149,992 | |
Dividends paid | ||||||
11,219 | 11,201 | 0 | 0 | - | - | |
Principal payments on financing leases and equipment financing notes | ||||||
2,079 | 292 | 0 | 0 | - | - | |
Proceeds from initial public offering | ||||||
- | - | - | 105,839 | 0 | 0 | |
Payments of Stock Issuance Costs | ||||||
- | - | - | 2,764 | 0 | 0 | |
Debt issuance costs | ||||||
0 | 1,199 | 0 | 0 | 614 | 2,328 | |
Repayment of acquisition-related long-term debt | ||||||
0 | 0 | 8,851 | 0 | 0 | - | |
Capital distributions | ||||||
- | - | - | 5,000 | 3,902 | 12 | |
Capital contributions | ||||||
- | - | - | - | - | 134,553 | |
Net cash provided by financing activities | ||||||
66,702 | -112,592 | 91,049 | 3,075 | -55,557 | 185,910 | |
Effect of foreign exchange rate on cash | ||||||
87 | -133 | 16 | 154 | -227 | -2,418 | |
Net change in cash and cash equivalents | ||||||
-61,753 | 61,988 | -23,602 | 25,200 | -13,180 | 8,934 | |
Supplemental disclosure of cash flow information: | ||||||
Cash paid for interest | ||||||
4,741 | 3,212 | 3,656 | 3,707 | 5,192 | 3,492 | |
Cash paid for income taxes | ||||||
110,848 | 32,757 | 840 | 3,588 | 3,888 | 3,709 | |
Supplemental disclosure of non-cash transactions: | ||||||
Acquisition of Stingray Cementing LLC and Stingray Energy Services LLC | ||||||
0 | 0 | 23,091 | 0 | 0 | 176,570 | |
Purchases of property and equipment included in accounts payable and accrued expenses | ||||||
2,303 | 11,908 | 15,038 | 2,789 | 741 | 7,047 | |
Right-of-use assets obtained for financing lease liabilities | ||||||
3,721 | 0 | 0 | - | - | - | |