| Dec'19 | Dec'18 | Dec'17 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities: | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
96,000 | 171,000 | -30,000 | - | -353,000 | -111,000 | -173,829 | -137,061 | -131,082 | 106,003 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||||
Depreciation and amortization | |||||||||
183,000 | 111,000 | 115,000 | - | 91,000 | 105,000 | 118,178 | 132,363 | 127,367 | 132,682 |
Noncash restructuring charges | |||||||||
20,000 | 0 | 0 | - | 103,000 | 0 | 73,683 | 0 | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||
- | - | - | - | - | - | -8,244 | -26,091 | 253 | 64,777 |
Noncash postretirement gain | |||||||||
0 | 0 | 4,000 | - | - | - | - | - | - | - |
Net periodic pension cost (income) | |||||||||
-14,000 | -7,000 | 6,000 | - | 8,000 | 9,000 | - | - | - | - |
Pension plan contributions | |||||||||
42,000 | 43,000 | 32,000 | - | 8,000 | 0 | - | - | - | - |
Amortization of Debt Issuance Costs and Discounts | |||||||||
1,000 | 19,000 | 9,000 | - | - | - | - | - | - | - |
Extinguishment of New Market Tax Credit obligation | |||||||||
0 | 0 | 7,000 | - | - | - | - | - | - | - |
Equity award expense | |||||||||
12,000 | 8,000 | 1,000 | - | 2,000 | 2,000 | 2,677 | 2,420 | 1,667 | 633 |
(Gain) loss on sale or disposal of assets | |||||||||
-2,000 | 8,000 | -3,000 | - | 0 | 4,000 | 45,742 | -323 | -3 | -533 |
Deferred taxes | |||||||||
117,000 | 0 | 8,000 | - | - | - | - | - | - | - |
Prepayment premium on Term Loan Facility | |||||||||
0 | 1,000 | 1,000 | 0 | - | - | - | - | - | - |
Trademark impairment | |||||||||
- | - | - | - | 6,000 | 2,000 | 3,693 | - | - | - |
Goodwill impairment | |||||||||
- | - | - | - | - | - | - | 18,695 | - | - |
Change in unrealized losses on derivatives, net | |||||||||
- | - | - | - | - | - | - | - | - | -27,378 |
Other, net | |||||||||
- | - | - | - | -17,000 | 14,000 | 4,992 | 6,132 | 4,691 | -533 |
Changes in assets and liabilities: | |||||||||
Changes in assets and liabilities: | |||||||||
Accounts receivable, net | |||||||||
-44,000 | -11,000 | 13,000 | - | -17,000 | 4,000 | -27,199 | 21,078 | 2,746 | 21,725 |
Inventories | |||||||||
7,000 | 12,000 | -60,000 | - | -17,000 | 6,000 | -28,269 | 24,360 | -19,885 | -27,855 |
Prepaid expenses and other assets | |||||||||
-5,000 | -4,000 | -6,000 | - | 15,000 | -5,000 | 8,969 | 787 | -8,969 | 18,270 |
Accounts payable | |||||||||
-34,000 | 40,000 | 67,000 | - | -22,000 | -8,000 | -17,813 | -14,191 | 20,621 | -17,357 |
Accrued and other liabilities | |||||||||
-24,000 | -12,000 | -21,000 | - | 70,000 | -9,000 | -5,328 | 28,731 | 24,369 | -4,161 |
Net cash provided by (used in) operating activities | |||||||||
125,000 | 283,000 | 153,000 | - | -58,000 | -27,000 | 12,008 | 14,511 | 73,480 | 177,156 |
Cash Flows From Investing Activities: | |||||||||
Proceeds from insurance settlement | |||||||||
- | - | - | - | - | - | 51,003 | 0 | - | - |
Proceeds from sale of assets | |||||||||
1,000 | 17,000 | 0 | - | 1,000 | 28,000 | 1,731 | 228 | 453 | 83 |
Transfers (to) from restricted cash, net | |||||||||
- | - | - | - | -1,000 | 1,000 | -106 | -23,839 | 25,073 | - |
Capital expenditures | |||||||||
105,000 | 73,000 | 40,000 | 64,000 | 42,000 | 41,000 | 59,909 | 90,272 | 73,646 | 34,216 |
Grant proceeds from Maine Technology Institute | |||||||||
0 | 4,000 | 0 | - | - | - | - | - | - | - |
Cash acquired in acquisition | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Other investing activities | |||||||||
- | - | - | - | -15,000 | 0 | 0 | - | - | - |
Net cash provided by (used in) investing activities | |||||||||
-104,000 | -52,000 | -40,000 | - | -25,000 | -14,000 | -7,069 | -66,205 | -98,266 | -34,133 |
Cash Flows From Financing Activities: | |||||||||
Payments on revolving credit facilities | |||||||||
- | - | - | - | 340,000 | 145,000 | 112,500 | 0 | - | - |
Proceeds from debtor-in-possession term loan | |||||||||
- | - | - | - | - | - | 341,191 | 394,618 | 27,438 | 352,838 |
Borrowings on ABL Facility | |||||||||
428,000 | 442,000 | 186,000 | - | 433,000 | 145,000 | 112,500 | 0 | - | - |
Payments on ABL Facility | |||||||||
428,000 | 507,000 | 233,000 | - | - | - | - | - | - | - |
Payments on Term Loan Facility | |||||||||
0 | 146,000 | 65,000 | - | - | - | - | - | - | - |
Prepayment premium on Term Loan Facility | |||||||||
0 | 1,000 | 1,000 | 0 | - | - | - | - | - | - |
Principal payment on finance lease obligations | |||||||||
1,000 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of treasury stock | |||||||||
3,000 | 0 | 0 | - | - | - | 31 | 53 | - | - |
Repayment of long-term debt | |||||||||
- | - | - | - | 13,000 | 9,000 | 354,984 | 389,998 | - | 453,036 |
Amortization of debt issuance costs | |||||||||
- | - | - | - | 8,000 | 5,000 | 5,317 | 5,396 | 5,650 | 5,748 |
Original issue discount on Term Loan Facility | |||||||||
- | - | - | - | 1,000 | 1,000 | 1,421 | 4,101 | 3,721 | 2,081 |
Debt issuance costs | |||||||||
1,000 | 0 | 0 | - | 2,000 | 0 | 24,459 | 10,800 | 1,971 | 10,270 |
Net cash provided by (used in) financing activities | |||||||||
-5,000 | -212,000 | -113,000 | - | 78,000 | -9,000 | -38,283 | -6,217 | 25,469 | -110,468 |
Change in Cash and cash equivalents and restricted cash | |||||||||
16,000 | 19,000 | 0 | - | -5,000 | -50,000 | -33,344 | -57,911 | 683 | 32,555 |
Proceeds from issuance of common stock | |||||||||
- | - | - | - | - | - | 0 | 16 | 2 | - |
Supplemental cash flow disclosures: | |||||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | |||||||||
2,000 | 16,000 | 30,000 | - | 117,000 | 129,000 | 113,334 | 115,651 | 115,405 | 90,713 |
Total income taxes paid | |||||||||
3,000 | 0 | 0 | - | 0 | 0 | 153 | -8 | -182 | 1,759 |
Noncash investing and financing activities: | |||||||||
Right-of-use assets recorded upon adoption of ASC 842 | |||||||||
24,000 | 0 | 0 | - | - | - | - | - | - | - |
Right-of-use assets obtained in exchange for new finance lease liabilities | |||||||||
8,000 | 0 | 0 | - | - | - | - | - | - | - |
Right-of-use assets obtained in exchange for new capitalized operating lease liabilities | |||||||||
2,000 | 0 | 0 | - | - | - | - | - | - | - |
Predecessor | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
- | - | - | -422,000 | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
- | - | - | 308,000 | - | - | - | - | - | - |
Noncash restructuring charges | |||||||||
- | - | - | 7,000 | - | - | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Noncash postretirement gain | |||||||||
- | - | - | 3,000 | - | - | - | - | - | - |
Net periodic pension cost (income) | |||||||||
- | - | - | -1,000 | - | - | - | - | - | - |
Pension plan contributions | |||||||||
- | - | - | 28,000 | - | - | - | - | - | - |
Amortization of debt issuance cost and discount | |||||||||
- | - | - | 9,000 | - | - | - | - | - | - |
Extinguishment of New Market Tax Credit obligation | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Equity award expense | |||||||||
- | - | - | 3,000 | - | - | - | - | - | - |
(Gain) loss on sale or disposal of assets | |||||||||
- | - | - | -7,000 | - | - | - | - | - | - |
Deferred taxes | |||||||||
- | - | - | -4,000 | - | - | - | - | - | - |
Debtor-in-possession financing costs | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Other, net | |||||||||
- | - | - | 9,000 | - | - | - | - | - | - |
Prepayment premium on Term Loan Facility | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Accounts receivable, net | |||||||||
- | - | - | -24,000 | - | - | - | - | - | - |
Inventories | |||||||||
- | - | - | -15,000 | - | - | - | - | - | - |
Prepaid expenses and other assets | |||||||||
- | - | - | 15,000 | - | - | - | - | - | - |
Accounts payable | |||||||||
- | - | - | -91,000 | - | - | - | - | - | - |
Accrued and other liabilities | |||||||||
- | - | - | -74,000 | - | - | - | - | - | - |
Net cash provided by (used in) operating activities | |||||||||
- | - | - | -266,000 | - | - | - | - | - | - |
Proceeds from sale of assets | |||||||||
- | - | - | 51,000 | - | - | - | - | - | - |
Payments to Acquire Property, Plant, and Equipment | |||||||||
- | - | - | 64,000 | - | - | - | - | - | - |
Transfers from (to) restricted cash, net | |||||||||
- | - | - | -1,000 | - | - | - | - | - | - |
Net cash provided by (used in) investing activities | |||||||||
- | - | - | 111,000 | - | - | - | - | - | - |
Cash acquired in acquisition | |||||||||
- | - | - | 128,000 | - | - | - | - | - | - |
Other investing activities | |||||||||
- | - | - | 5,000 | - | - | - | - | - | - |
Borrowings on revolving credit facilities | |||||||||
- | - | - | 723,000 | - | - | - | - | - | - |
Payments on revolving credit facilities | |||||||||
- | - | - | 567,000 | - | - | - | - | - | - |
Borrowings on debtor-in-possession revolving credit facilities | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Payments on debtor-in-possession revolving credit facilities | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Proceeds from debtor-in-possession term loan | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Repayment of debtor-in-possession term loan | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Borrowings on ABL Facility | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Proceeds from Term Loan Facility | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Payments on Exit ABL Facility | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Payments on Term Loan Facility | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Original issue discount on Term Loan Facility | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Prepayment Premium On Term Loan Facility | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Repayment of long-term debt | |||||||||
- | - | - | 3,000 | - | - | - | - | - | - |
Debtor-in-possession financing costs | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Debt issuance costs | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Debtor Reorganization Items, Debtor-in-Possession Facility Financing Costs | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
- | - | - | 153,000 | - | - | - | - | - | - |
Change in cash and cash equivalents | |||||||||
- | - | - | -2,000 | - | - | - | - | - | - |
Interest Paid, Excluding Capitalized Interest, Operating Activities | |||||||||
- | - | - | 246,000 | - | - | - | - | - | - |
Total income taxes paid (received) | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Reduction in debt for debt modification | |||||||||
- | - | - | 21,000 | - | - | - | - | - | - |
Issuance of Notes for Acquisition | |||||||||
- | - | - | 663,000 | - | - | - | - | - | - |
Issuance of Common Stock for Acquisition | |||||||||
- | - | - | 46,000 | - | - | - | - | - | - |
Issuance of Common Stock in exchange for debt modification | |||||||||
- | - | - | 50,000 | - | - | - | - | - | - |
Conversion of interest payable to long-term debt | |||||||||
- | - | - | 19,000 | - | - | - | - | - | - |
Increase in long-term debt from paid in kind (PIK) interest | |||||||||
- | - | - | 5,000 | - | - | - | - | - | - |
Stock Issued During Period, Value, New Issues | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Extinguishment of Debt, Amount | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
VERSO PAPER HOLDINGS LLC | |||||||||
Net loss | |||||||||
- | - | - | - | -356,000 | - | - | - | - | - |
Depreciation, amortization, and depletion | |||||||||
- | - | - | - | 91,000 | - | - | - | - | - |
Noncash restructuring charges | |||||||||
- | - | - | - | 103,000 | - | - | - | - | - |
Periodic pension expense (income) | |||||||||
- | - | - | - | 8,000 | - | - | - | - | - |
Pension plan contributions | |||||||||
- | - | - | - | 8,000 | - | - | - | - | - |
Equity award expense | |||||||||
- | - | - | - | 2,000 | - | - | - | - | - |
Loss (gain) on disposal of assets | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Trademark impairment | |||||||||
- | - | - | - | 6,000 | - | - | - | - | - |
Other, net | |||||||||
- | - | - | - | -17,000 | - | - | - | - | - |
Accounts receivable | |||||||||
- | - | - | - | -17,000 | - | - | - | - | - |
Inventories | |||||||||
- | - | - | - | -17,000 | - | - | - | - | - |
Prepaid expenses and other assets | |||||||||
- | - | - | - | 15,000 | - | - | - | - | - |
Accounts payable | |||||||||
- | - | - | - | -22,000 | - | - | - | - | - |
Accrued liabilities | |||||||||
- | - | - | - | 73,000 | - | - | - | - | - |
Net cash used in operating activities | |||||||||
- | - | - | - | -58,000 | - | - | - | - | - |
Proceeds from sale of assets | |||||||||
- | - | - | - | 1,000 | - | - | - | - | - |
Transfers from restricted cash, net | |||||||||
- | - | - | - | -1,000 | - | - | - | - | - |
Capital expenditures | |||||||||
- | - | - | - | 42,000 | - | - | - | - | - |
Cash acquired in acquisition | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Other investing activities | |||||||||
- | - | - | - | -15,000 | - | - | - | - | - |
Net cash provided by (used in) investing activities | |||||||||
- | - | - | - | -25,000 | - | - | - | - | - |
Payments on revolving credit facilities | |||||||||
- | - | - | - | 340,000 | - | - | - | - | - |
Borrowings on revolving credit facilities | |||||||||
- | - | - | - | 433,000 | - | - | - | - | - |
Repayment of long-term debt | |||||||||
- | - | - | - | 13,000 | - | - | - | - | - |
Amortization of debt issuance costs | |||||||||
- | - | - | - | 8,000 | - | - | - | - | - |
Accretion of discount on long-term debt | |||||||||
- | - | - | - | 1,000 | - | - | - | - | - |
Debt issuance costs | |||||||||
- | - | - | - | 2,000 | - | - | - | - | - |
Return of capital | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
- | - | - | - | 78,000 | - | - | - | - | - |
Change in cash and cash equivalents | |||||||||
- | - | - | - | -5,000 | - | - | - | - | - |
Total interest paid | |||||||||
- | - | - | - | 118,000 | - | - | - | - | - |
Total income taxes paid (received) | |||||||||
- | - | - | - | 0 | - | - | - | - | - |