| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income | ||||||
-3,043 | 26,106 | -3,937 | -15,974 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Early extinguishment of debt | ||||||
- | -7,753 | - | - | |||
Impairment of assets held for sale and equity method investments and note receivable | ||||||
6,793 | 12,497 | - | - | |||
Equity in loss of affiliated companies | ||||||
-270 | -381 | -1,350 | - | |||
Equity in loss of affiliated companies | ||||||
- | - | - | -3,202 | |||
Deferred income tax provision (benefit) | ||||||
714 | 5,691 | -20,156 | -12,245 | |||
Depreciation and amortization | ||||||
90,484 | 90,831 | 91,340 | 65,775 | |||
Losses on sale of equipment | ||||||
-3,853 | -7,100 | -2,000 | -5,822 | |||
Share based compensation | ||||||
3,846 | 2,248 | 673 | 520 | |||
Other | ||||||
660 | -2,360 | 2,067 | - | |||
Original issue discount and deferred financing amortization | ||||||
- | - | - | 5,517 | |||
Interest paid (received) in kind | ||||||
- | -7,516 | 1,452 | 1,817 | |||
Gain on sale of subsidiary | ||||||
831 | - | - | - | |||
Provision for losses on receivables | ||||||
- | - | - | 9 | |||
Purchase commitment interest (income) expense | ||||||
- | - | - | 883 | |||
Changes in operating assets and liabilities: | ||||||
Receivables | ||||||
-7,149 | 8,972 | 32,051 | -13,114 | |||
Prepaid insurance and licenses | ||||||
3,294 | 4,006 | -45 | 1,322 | |||
Operating supplies | ||||||
-70 | -725 | 510 | -498 | |||
Other assets | ||||||
7,790 | 3,438 | 529 | 1,857 | |||
Accounts payable and other accrued liabilities | ||||||
5,572 | -21,020 | 41,930 | 10,291 | |||
Accrued wages and benefits | ||||||
-704 | 6,304 | 1,691 | 939 | |||
Net cash provided by operating activities | ||||||
103,749 | 112,347 | 85,394 | 76,989 | |||
Investing activities | ||||||
Payments for purchases of property and equipment | ||||||
151,751 | 223,939 | 240,417 | 54,710 | |||
Proceeds from sales of property and equipment | ||||||
77,966 | 55,370 | 32,183 | 43,723 | |||
Acquisition of business | ||||||
- | - | 2,219 | - | |||
Other | ||||||
2,000 | -2,480 | 758 | 360 | |||
Sale of subsidiary, net of cash | ||||||
-5,845 | - | - | - | |||
Net cash used in investing activities | ||||||
-81,630 | -166,089 | -211,211 | -11,347 | |||
Financing activities | ||||||
Borrowings under lines of credit | ||||||
107,300 | 292,332 | 387,973 | 344,681 | |||
Payments under lines of credit | ||||||
107,300 | 321,665 | 358,640 | 344,680 | |||
Borrowings under long-term debt | ||||||
106,341 | 362,013 | 224,102 | - | |||
Payments of long-term debt and finance leases | ||||||
136,228 | 504,180 | 118,834 | - | |||
Borrowings under long-term debt | ||||||
- | - | - | 47,847 | |||
Payments of long-term debt | ||||||
- | - | - | 102,126 | |||
Payments of financing costs and original issue discount | ||||||
190 | 4,166 | 5,844 | 3,780 | |||
Proceeds from IPO, net of issuance costs | ||||||
- | 246,616 | - | - | |||
Payments of long-term consideration for business acquisition | ||||||
990 | 1,010 | - | - | |||
Purchase of noncontrolling interest | ||||||
8,659 | - | - | - | |||
Tax withholding related to net share settlement of restricted stock awards | ||||||
44 | - | - | - | |||
Proceeds from issuance of common stock under ESPP | ||||||
349 | - | - | - | |||
Repurchase of membership units | ||||||
- | 217 | 523 | - | |||
Settlement of forward contract | ||||||
- | - | - | 2,200 | |||
Repurchase of membership units | ||||||
- | - | - | 299 | |||
Book overdraft | ||||||
-1,313 | 3,537 | -3,537 | 4,150 | |||
Net cash (used in) provided by financing activities | ||||||
-38,108 | 66,186 | 131,771 | -64,707 | |||
Cash included in assets held for sale | ||||||
-11,784 | 11,784 | - | - | |||
Net change in cash and cash equivalents | ||||||
-4,205 | 660 | 5,954 | - | |||
Net change in cash and cash equivalents | ||||||
- | - | - | 935 | |||
Supplemental disclosure of cash flow information | ||||||
Cash paid during the year for interest | ||||||
21,136 | 47,406 | 44,073 | 33,696 | |||
Cash paid during the year for income taxes | ||||||
58 | 1,603 | -208 | 1,834 | |||
Supplemental disclosure of significant noncash investing and financing activities | ||||||
Lease conversion | ||||||
- | - | 34,169 | - | |||
Finance lease additions | ||||||
- | 439 | 1,505 | - | |||
Finance lease extinguishments | ||||||
40 | 1,146 | 222 | - | |||
Assumption of debt | ||||||
- | - | 5,377 | - | |||
Debt obligations relieved in conjunction with the divestiture of Xpress Internacional | ||||||
7,109 | - | - | 879 | |||
Financing costs accrued in accounts payable | ||||||
- | - | 1,162 | - | |||
Property and equipment amounts accrued in accounts payable | ||||||
3,552 | 1,213 | 1,196 | - | |||
Uncollected proceeds from asset sales | ||||||
62 | 2,671 | 424 | - | |||
Capital Lease Obligations [Member] | ||||||
Capital lease extinguishments | ||||||
- | - | - | 6,035 | |||