v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 2,318 $ (14,662)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 24,636 24,242
Deferred income taxes (2,577) (1,843)
Loss on disposal of assets and impairment charges 764 1,375
Foreign currency loss (gain) 37 (1,042)
Amortization of deferred financing costs, debt discount and premium 634 (185)
Amortization of deferred income (3,078) (2,484)
Accretion of asset retirement obligation 409 445
Non-cash rent 1,946 1,771
Charges to allowance for credit losses 135 141
(Income) loss from equity investment (9) 6
Share-based compensation 2,774 1,026
Fair value adjustment of financial assets and liabilities 1,209 11,049
Other operating activities, net 123 224
Changes in assets and liabilities:    
Increase in trade receivables (12,886) (10,798)
Increase in inventory (21,318) (7,437)
Decrease in other assets 18,215 7,688
Increase in accounts payable 20,177 17,309
Decrease in other current liabilities (4,561) (15,829)
Increase (decrease) in asset retirement obligation (34) (89)
Increase in non-current liabilities 1,148 369
Net cash provided by operating activities 30,062 11,276
Cash flows from investing activities:    
Purchase of property and equipment (20,667) (17,525)
Proceeds from sale of property and equipment 6,933 880
Prepayment for business acquisition (5,000) 0
Business acquisitions, net of cash (6,746) 0
Decrease in investments, net 1,618 0
Net cash used in investing activities (23,862) (16,645)
Cash flows from financing activities:    
Receipt of long-term debt, net 0 1,115
Repayment of debt (3,157) (75,963)
Principal payments on financing leases (1,652) (1,990)
Payment of Merger Transaction issuance costs 0 (4,686)
Common stock repurchased (13,084) 0
Dividends paid on common stock (2,474) 0
Dividends paid on redeemable preferred stock (1,418) (1,559)
Distributions to non-controlling interests (60) (60)
Net cash used in financing activities (21,845) (83,143)
Net decrease in cash and cash equivalents and restricted cash (15,645) (88,512)
Effect of exchange rate on cash and cash equivalents and restricted cash (16) (1,462)
Cash and cash equivalents and restricted cash, beginning of period 272,543 312,977
Cash and cash equivalents and restricted cash, end of period 256,882 223,003
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 241,220 204,986
Restricted cash, end of period 15,662 18,017
Supplementary cash flow information:    
Cash received for interest 37 55
Cash paid for interest 7,684 18,057
Cash received for taxes 2 9
Cash paid for taxes 563 72
Supplementary noncash activities:    
Prepaid insurance premiums financed through notes payable 2,279 2,171
Purchases of equipment in accounts payable and accrued expenses 9,514 3,715
Purchase of property and equipment under leases 6,254 11,534
Disposals of leases of property and equipment 404 2,254
Issuance of shares $ 0 $ 3,000

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