v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (433) $ 264
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation 10,352 7,444
Impairment/loss on sale of assets 404 106
Loss on extinguishment of debt 1,018 0
Amortization of intangibles 5,102 2,834
Amortization of debt issue costs 250 242
Non-cash stock based compensation 4,452 3,957
Non-cash operating lease expenses 2,218  
Changes in assets and liabilities, net:    
Accounts receivable, net (13,178) (338)
Inventories (83) 576
Prepaid assets (383) (2,198)
Other current assets (1,897) (977)
Accounts payable, accrued and other liabilities (6,446) 9,042
Net cash provided by operating activities 1,376 20,952
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (6,637) (8,943)
Acquisition working capital adjustment 399 0
Net cash used in investing activities (6,238) (8,943)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on revolving credit facility 0 10,000
Repayments of revolving credit facility (5,000) 0
Redemption of preferred stock 0 (50,096)
Repayment of equipment and other loans (3,644) (3,014)
Proceeds from term loan 100,000 30,000
Repayment of term loan (96,750) (7,275)
Payments of debt issue costs (954) (576)
Issuance of common stock, net 8,061 5,588
Proceeds from equity offering, net 160,774 0
Net cash provided by (used in) financing activities 162,487 (15,373)
Effects of foreign exchange rate changes on cash and cash equivalents 0 (22)
Net change in cash and cash equivalents 157,625 (3,386)
Cash and cash equivalents, beginning of period 9,811 12,821
Cash and cash equivalents, end of period 167,436 9,435
Supplemental disclosure of cash flow information:    
Cash paid for operating lease liabilities 1,863  
Interest paid 3,178 2,703
Income taxes paid, net 235 49
Supplemental disclosure of non-cash investing and financing information:    
Working capital adjustment related to acquisition 1,977 0
Equipment acquired under loan obligations 2,702 3,733
Property and equipment included in accounts payable $ 970 $ 1,276

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