Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (20,375) $ (7,804)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 33,478 40,205
Impairment expense 0 16,654
Deferred income tax benefit (6,663) (1,312)
Amortization of deferred debt issuance costs 134 135
Stock-based compensation 2,487 471
Provision for credit losses 0 4,291
Loss on disposal of assets 13,052 19,854
Changes in operating assets and liabilities:    
Accounts receivable (25,698) (14,486)
Other current assets 325 1,138
Inventories 401 (860)
Prepaid expenses 3,383 2,920
Accounts payable 18,579 10,080
Accrued and other current liabilities (2,095) (9,431)
Accrued interest 0 (131)
Net cash provided by operating activities 17,008 61,724
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (22,494) (47,290)
Proceeds from sale of assets 224 733
Net cash used in investing activities (22,270) (46,557)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of borrowings 0 (20,000)
Payment of finance lease obligation 0 (30)
Repayments of insurance financing (2,037) 0
Tax withholdings paid for net settlement of equity awards (5,614) (456)
Net cash used in financing activities (7,651) (20,486)
NET DECREASE IN CASH AND CASH EQUIVALENTS (12,913) (5,319)
CASH AND CASH EQUIVALENTS - Beginning of period 68,772 149,036
CASH AND CASH EQUIVALENTS - End of period $ 55,859 $ 143,717