U.s. well services, inc. (USWS)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-270,760

-116,082

-128,890

-118,185

-92,211

-70,814

0

0

0

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

382

92

-30

-10

0

0

0

Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization

148,313

154,149

148,781

135,823

120,364

108,440

0

0

0

-

-

-

-

-

-

-

-

Impairment of long-lived assets

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on accounts receivable

0

-

-

-

-

644

0

0

0

-

-

-

-

-

-

-

-

Provision for losses on inventory obsolescence

0

-

-

-

80

153

0

0

0

-

-

-

-

-

-

-

-

Non-cash interest

-

-

-

-

-

9,553

0

0

0

-

-

-

-

-

-

-

-

Loss on disposal of assets

-17,405

-20,065

-18,742

-13,640

-14,823

-10,848

0

0

0

-

-

-

-

-

-

-

-

Amortization of discount on debt

1,053

1,581

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs amortization

1,433

1,410

8,014

8,179

8,352

8,534

0

0

0

-

-

-

-

-

-

-

-

Share-based compensation expense

8,774

7,755

23,503

22,092

20,680

20,633

0

0

0

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

15,177

21,950

37,360

11,380

-5,727

-15,765

0

0

0

-

-

-

-

-

-

-

-

Inventory

-1,443

-2

-191

-5,653

91

-3,591

0

0

0

-

-

-

-

-

-

-

-

Prepaids and other current assets

531

-3,226

151

-1,791

1,700

6,460

0

0

0

-

-

-

-

-

-

-

-

Accounts payable

-5,822

-12,316

-21,100

-29,753

-26,166

-22,543

0

0

0

-

-

-

-

-

-

-

-

Accrued liabilities

-5,280

5,463

1,897

3,200

11,564

4,887

0

0

0

-

-

-

-

-

-

-

-

Accrued interest

-529

18,190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest

-

-

-

-

-

-

-

-

-

-

1,509

710

74

0

0

0

-

Changes in prepaid expenses

-

-

-

-

-

-

-

-

-

-

153

105

115

-5

0

0

0

Changes in prepaid franchise taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Changes in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

182

91

94

0

0

0

0

Changes in due to affiliate

-

-

-

-

-

-

-

-

-

-

71

75

0

0

0

0

-

Changes in franchise taxes payable

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

-

Changes in income taxes payable

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

-

Net cash provided by (used in) operating activities

50,272

74,844

41,685

55,762

69,320

83,469

132,422

89,245

74,570

47,287

0

0

0

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment

191,676

209,101

283,163

268,896

192,278

147,606

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash deposited in Trust Account

-

-

-

-

-

-

-

-

-

-

-325,000

-325,000

-325,000

0

0

0

0

Interest income released from Trust Account for taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

Net cash used in investing activities

-175,962

-208,294

-282,435

-260,863

-184,245

-139,573

202,209

229,836

245,665

-71,565

0

0

0

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility

50,411

49,960

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of revolving credit facility

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

285,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of Class F common stock to the Sponsor

-

-

-

-

-

-

-

-

-

-

-

-

25

50

0

0

0

Proceeds from sale of Private Placement Warrants

-

-

-

-

-

-

-

-

-

-

7,750

7,750

7,750

0

0

0

0

Proceeds from issuance of note payable

-

-

-

-

-

7,278

10,550

5,431

5,431

4,112

75

75

275

300

0

0

0

Repayments of notes payable

6,284

6,421

6,578

6,723

5,558

4,163

4,593

4,275

3,232

2,723

275

275

275

0

0

0

0

Repayments of amounts under equipment financing

65,244

70,619

77,385

77,938

25,614

22,997

0

0

0

-

-

-

-

-

-

-

-

Principal payments under finance lease obligation

13,713

16,699

14,901

13,147

11,657

9,551

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from issuance of common stock, net

-

-

-

-

-

-

-

-

-

-

325,000

325,000

325,000

0

0

0

0

Deferred financing costs

-

13,451

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of offering costs

-

-

-

-

-

-

-

-

-

-

6,422

6,422

6,574

191

0

0

0

Net cash provided by (used in) financing activities

115,373

144,818

252,241

247,471

114,740

79,714

-318,502

-314,994

-305,542

26,316

0

0

0

-

-

-

-

Net decrease in cash and cash equivalents and restricted cash

-10,317

11,368

11,491

42,370

-185

23,610

0

0

0

-

-

-

-

-

-

-

-

Supplemental cash flow disclosure:
Interest paid

30,600

8,838

36,804

40,369

43,053

41,537

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

(Decrease) increase in cash

-

-

-

-

-

-

-

-

-

-

780

881

1,074

153

0

0

0

Income tax paid

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Non-cash investing and financing activities:
Deemed and imputed dividends on Series A preferred stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued Series A preferred stock dividends

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in accrued and unpaid capital expenditures

-41,871

6,874

-8,871

38,715

79,907

27,283

0

0

0

-

-

-

-

-

-

-

-

Assets under finance lease obligations

-

10,513

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Financed equipment purchases

-

66,342

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred underwriting commissions

-

-

-

-

-

-

-

-

-

-

10,250

10,250

10,250

0

0

0

-

Deferred offering costs included in accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred underwriting commissions

-

-

-

-

-

-

-

-

-

-

10,250

10,250

10,250

0

0

0

0