Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (40,251) $ (229,157)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 115,280 119,028
Deferred income taxes (9,009) (47,132)
Share-based compensation 27,411 2,881
Non-cash rent expense 15,635 6,219
(Gain) loss on disposal of property and equipment, net (49,743) 1,110
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 3,918 5,127
Changes in operating assets and liabilities 17,909 71,259
Other (825) (1,692)
Net cash provided by (used in) operating activities 80,325 (13,039)
Cash flows from investing activities:    
Capital expenditures (252,640) (121,973)
Proceeds from sale-leaseback transactions 174,246 33,933
Other 692 (1,678)
Net cash used in investing activities (77,702) (89,718)
Cash flows from financing activities:    
Proceeds from borrowings 8,657 1,907,577
Repayments of debt (11,539) (1,594,439)
Proceeds from revolving credit facility 420,000 15,000
Repayments of revolving credit facility (390,000) (109,000)
Repayments of finance lease liabilities (697) (750)
Increase in debt discounts and issuance costs 0 (44,676)
Proceeds from stock option exercises 1,194 0
Other (476) 0
Net cash provided by financing activities 27,139 173,712
Effect of exchange rates on cash and cash equivalents (110) 50
Increase in cash and cash equivalents 29,652 71,005
Cash and cash equivalents – beginning of period 31,637 33,195
Cash and cash equivalents – end of period $ 61,289 $ 104,200