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, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 11,817 $ (20,375)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 31,854 33,478
Deferred income tax expense (benefit) 3,826 (6,663)
Amortization of deferred debt issuance costs 134 134
Stock-based compensation 11,364 2,487
Loss on disposal of assets 16,117 13,052
Changes in operating assets and liabilities:    
Accounts receivable (44,032) (25,698)
Other current assets 156 325
Inventories 1,653 401
Prepaid expenses 1,707 3,383
Accounts payable (10,035) 18,579
Accrued and other current liabilities 609 (2,095)
Net cash provided by operating activities 25,170 17,008
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (64,323) (22,494)
Proceeds from sale of assets 275 224
Net cash used in investing activities (64,048) (22,270)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of insurance financing 0 (2,037)
Proceeds from exercise of equity awards 419 0
Tax withholdings paid for net settlement of equity awards (2,691) (5,614)
Net cash used in financing activities (2,272) (7,651)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (41,150) (12,913)
CASH AND CASH EQUIVALENTS - Beginning of period 111,918 68,772
CASH AND CASH EQUIVALENTS - End of period $ 70,768 $ 55,859