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
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 122,084 $ 2,535
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 63,428 38,602
Deferred income tax expense 34,546 166
Amortization of deferred revenue rebate 615 1,385
Amortization of deferred debt issuance costs 295 3,322
Stock-based compensation 3,832 8,730
Loss on disposal of fixed assets 42,898 28,971
Gain on interest rate swap 0 (226)
Changes in operating assets and liabilities:    
Accounts receivable (52,734) (44,868)
Other current assets (431) 3,271
Inventories (496) (4,435)
Prepaid expenses 2,265 (910)
Accounts payable 26,378 41,564
Accrued and other current liabilities 7,384 589
Accrued interest 1,030 (23)
Net cash provided by operating activities 251,094 78,673
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (212,152) (193,820)
Proceeds from sale of assets 3,280 4,237
Net cash used in investing activities (208,872) (189,583)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings 77,378 27,112
Repayments of borrowings (61,858) (164,638)
Repayments of insurance financing (3,218) (2,900)
Payment of debt issuance costs (360) (1,653)
Proceeds from exercise of equity awards 51 0
Proceeds from IPO 0 185,500
Payment of IPO costs 0 (15,099)
Net cash provided by financing activities 11,993 28,322
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 54,215 (82,588)
CASH AND CASH EQUIVALENTS - Beginning of period 23,949 133,596
CASH AND CASH EQUIVALENTS - End of period $ 78,164 $ 51,008