Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash flows from operating activities: |
|
|
| Net loss |
$ (107,540)
|
$ (161,573)
|
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: |
|
|
| Income from discontinued operations, net of income taxes |
0
|
(906)
|
| Loss on the sale of TFI |
1,235
|
1,724
|
| Depreciation and amortization of intangible assets |
46,070
|
52,465
|
| Amortization of debt issuance costs, net |
4,329
|
3,638
|
| Accrued interest added to debt principal |
20,240
|
0
|
| Stock-based compensation |
908
|
1,858
|
| Impairment of long-lived assets |
10,452
|
0
|
| Impairment of goodwill |
0
|
104,721
|
| Gain on sale of UGSI |
(1,747)
|
0
|
| Loss (gain) on disposal of property, plant and equipment |
3,298
|
(1,198)
|
| Bad debt expense |
(516)
|
(695)
|
| Change in fair value of derivative warrant liability |
(2,574)
|
0
|
| Loss on extinguishment of debt |
674
|
1,011
|
| Deferred income taxes |
70
|
21
|
| Other, net |
5
|
364
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
20,516
|
58,985
|
| Prepaid expenses and other receivables |
(227)
|
(1,294)
|
| Accounts payable and accrued liabilities |
(14,379)
|
(4,805)
|
| Other assets and liabilities, net |
(136)
|
1,342
|
| Net cash (used in) provided by operating activities from continuing operations |
(19,322)
|
55,658
|
| Net cash used in operating activities from discontinued operations |
0
|
(708)
|
| Net cash (used in) provided by operating activities |
(19,322)
|
54,950
|
| Cash flows from investing activities: |
|
|
| Proceeds from the sale of TFI |
0
|
78,897
|
| Proceeds from the sale of property, plant and equipment |
9,954
|
12,339
|
| Purchases of property, plant and equipment |
(2,613)
|
(16,564)
|
| Proceeds from the sale of UGSI |
5,032
|
0
|
| Change in restricted cash |
3,163
|
(4,250)
|
| Net cash provided by investing activities from continuing operations |
15,536
|
70,422
|
| Net cash used in investing activities from discontinued operations |
0
|
(181)
|
| Net cash provided by investing activities |
15,536
|
70,241
|
| Cash flows from financing activities: |
|
|
| Proceeds from revolving credit facility |
118,533
|
0
|
| Payments on revolving credit facility |
(176,428)
|
(81,647)
|
| Proceeds from term loan |
24,000
|
0
|
| Payments for deferred financing costs |
(1,084)
|
0
|
| Issuance of stock |
5,000
|
0
|
| Payments on vehicle financing and other financing activities |
(4,957)
|
(9,468)
|
| Net cash used in financing activities from continuing operations |
(34,936)
|
(91,115)
|
| Net cash used in financing activities from discontinued operations |
0
|
(105)
|
| Net cash used in financing activities |
(34,936)
|
(91,220)
|
| Net (decrease) increase in cash and cash equivalents |
(38,722)
|
33,971
|
| Cash and cash equivalents - beginning of period |
39,309
|
15,416
|
| Cash and cash equivalents - end of period |
587
|
49,387
|
| Less: cash and cash equivalents of discontinued operations - end of period |
0
|
0
|
| Cash and cash equivalents of continuing operations - end of period |
587
|
49,387
|
| Supplemental disclosure of cash flow information: |
|
|
| Cash paid for interest |
22,290
|
22,775
|
| Cash paid for taxes, net |
$ 304
|
$ 281
|