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, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (19,431) $ (22,231)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 23,857 21,879
Gain on extinguishment 0 (6,975)
Deferred income tax expense (benefit) 111 (11,700)
Amortization of deferred revenue rebate 923 923
Amortization of deferred debt issuance costs 3,240 1,468
Stock-based compensation 7,978 619
Loss on disposal of assets 20,229 6,936
(Gain) loss on interest rate swap (199) 96
Changes in operating assets and liabilities:    
Accounts receivable (32,641) 43,961
Other current assets 3,423 (445)
Inventories (107) 3,421
Prepaid expenses (2,321) 2,360
Accounts payable (2,812) (39,247)
Accrued liabilities (2,605) 988
Accrued interest (108) 10
Net cash (used in) provided by operating activities (463) 2,063
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (112,630) (15,461)
Proceeds from sale of assets 1,229 410
Net cash used in investing activities (111,401) (15,051)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings 232 0
Repayments of borrowings (163,128) (38,074)
Repayments of insurance financing (2,476) (2,426)
Debt extinguishment cost 0 (525)
Payment of debt issuance costs (1,653) (115)
Equity capitalization 0 40,000
Proceeds from IPO 185,500 0
Payment of IPO costs (15,099) 0
Net cash provided by (used in) financing activities 3,376 (1,140)
NET DECREASE IN CASH AND CASH EQUIVALENTS (108,488) (14,128)
CASH AND CASH EQUIVALENTS - Beginning of period 133,596 34,310
CASH AND CASH EQUIVALENTS - End of period $ 25,108 $ 20,182