v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net lncome $ 34,124 $ 10,911
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 48,989 49,515
Deferred income taxes 2,671 2,109
Loss on disposal of assets and impairment charges 1,971 975
Foreign currency loss (gain) 228 (1,143)
Amortization of deferred financing costs, debt discount and premium 1,262 621
Amortization of deferred income (5,292) (4,411)
Accretion of asset retirement obligation 829 834
Non-cash rent 3,737 3,349
Charges to allowance for credit losses 351 322
Income from equity investment (37) (20)
Share-based compensation 5,882 2,514
Fair value adjustment of financial assets and liabilities (6,590) 9,833
Other operating activities, net 707 532
Changes in assets and liabilities:    
Increase in trade receivables (31,491) (21,102)
Increase in inventory (35,947) (11,732)
Decrease (Increase) in other assets 7,607 (4,762)
Increase in accounts payable 46,407 26,960
Decrease in other current liabilities (11,324) (6,933)
Increase (decrease) in asset retirement obligation (34) (113)
Increase in non-current liabilities 8,112 758
Net cash provided by operating activities 72,162 59,017
Cash flows from investing activities:    
Purchase of property and equipment (45,168) (32,638)
Purchase of intangible assets (125) (175)
Proceeds from sale of property and equipment 7,261 36,059
Prepayment for quarles acquisition (5,000) 0
Business acquisitions, net of cash (6,853) (93,527)
Decrease in investments, net 27,109 0
Repayment of loans to equity investment 174 0
Net cash used in investing activities (22,602) (90,281)
Cash flows from financing activities:    
Receipt of long-term debt, net 0 35,056
Repayment of debt (6,093) (102,074)
Principal payments on financing leases (3,304) (4,013)
Proceeds from failed sale-leaseback 0 43,569
Payment of additional consideration (2,085) 0
Payment of merger transaction issuance costs 0 (4,764)
Common stock repurchased (40,038) 0
Dividends paid on common stock (4,889) 0
Dividends paid on redeemable preferred stock (2,852) (2,993)
Distributions to non-controlling interests (120) (120)
Net cash used in financing activities (59,381) (35,339)
Net decrease in cash and cash equivalents and restricted cash (9,821) (66,603)
Effect of exchange rate on cash and cash equivalents and restricted cash (121) (1,438)
Cash and cash equivalents and restricted cash, beginning of period 272,543 312,977
Cash and cash equivalents and restricted cash, end of period 262,601 244,936
Reconciliation of cash and cash equivalents and restricted cash    
Cash and cash equivalents, beginning of period 252,141 293,666
Restricted cash, beginning of period 20,402 16,529
Restricted cash with respect to bonds, beginning of period 0 2,782
Cash and cash equivalents, end of period 248,518 229,399
Restricted cash, end of period 14,083 15,537
Supplementary cash flow information:    
Cash received for interest 107 99
Cash paid for interest 27,740 30,148
Cash received for taxes 78 176
Cash paid for taxes 4,797 7,797
Supplementary noncash activities:    
Prepaid insurance premiums financed through notes payable 2,279 4,900
Purchases of equipment in accounts payable and accrued expenses 10,857 4,239
Purchase of property and equipment under leases 10,363 14,564
Disposals of leases of property and equipment 404 3,207
Issuance of shares $ 0 $ 3,000

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