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 loss $ (37,966) $ (152,801)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 58,107 61,206
Deferred income taxes (3,885) (28,632)
Share-based compensation 21,438 0
Non-cash rent expense 6,009 4,323
Impairment charges associated with long-lived assets 227 900
(Gain) loss on disposal of property and equipment, net (28,597) 862
Loss on debt extinguishment 0 40,993
Write-off of discounts and debt issuance costs 0 18,325
Amortization of debt discounts and issuance costs 1,945 2,473
Changes in operating assets and liabilities (5,638) 16,963
Other (2,578) (2,768)
Net cash provided by (used in) operating activities 9,062 (38,156)
Cash flows from investing activities:    
Capital expenditures (110,754) (43,329)
Proceeds from sale-leaseback transactions 79,666 33,423
Other 4,805 (1,167)
Net cash used in investing activities (26,283) (11,073)
Cash flows from financing activities:    
Proceeds from borrowings 3,198 1,907,577
Repayments of debt (5,745) (1,586,777)
Proceeds from senior secured credit facility 230,000 15,000
Repayments of senior secured credit facility (200,000) (109,000)
Repayments of finance lease liabilities (358) (372)
Increase in debt discounts and issuance costs 0 (42,246)
Other (476) 0
Net cash provided by financing activities 26,619 184,182
Effect of exchange rates on cash and cash equivalents 61 18
Increase in cash and cash equivalents 9,459 134,971
Cash and cash equivalents – beginning of period 31,637 33,195
Cash and cash equivalents – end of period $ 41,096 $ 168,166