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
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (28,886) $ (33,724)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 66,721 80,377
Impairment expense 0 16,654
Deferred income tax benefit (10,360) (7,773)
Amortization of deferred debt issuance costs 269 270
Stock-based compensation 5,396 3,433
Provision for credit losses 140 448
Loss on disposal of assets 28,076 28,588
Changes in operating assets and liabilities:    
Accounts receivable (53,762) 146,181
Other current assets 325 1,613
Inventories 89 (369)
Prepaid expenses 7,711 5,833
Accounts payable 44,933 (135,592)
Accrued and other current liabilities 828 (8,635)
Accrued interest 0 (394)
Net cash provided by operating activities 61,480 96,910
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (52,187) (80,702)
Proceeds from sale of assets 1,267 2,677
Net cash used in investing activities (50,920) (78,025)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of borrowings 0 (130,000)
Payment of finance lease obligation 0 (30)
Repayments of insurance financing (4,093) 0
Proceeds from exercise of equity awards 3,235 0
Tax withholdings paid for net settlement of equity awards (5,773) (585)
Net cash used in financing activities (6,631) (130,615)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,929 (111,730)
CASH AND CASH EQUIVALENTS - Beginning of period 68,772 149,036
CASH AND CASH EQUIVALENTS - End of period $ 72,701 $ 37,306