Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.8.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (90,074) $ (9,262)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 35,635 37,976
Share-based compensation 3,604 3,479
Bad debt expense, net 47 324
Gains on asset dispositions, net (5,048) (4,034)
Debt discount amortization 174 133
Amortization of deferred financing costs 850 684
Foreign currency losses (gains), net 47 (842)
Gain on debt extinguishment, net 0 (518)
Loss on impairment 117,018 0
Deferred income tax benefit (48,057) (2,822)
Equity earnings, net of tax (1,069) (1,062)
Changes in operating assets and liabilities:    
Decrease (increase) in receivables (5,107) 11,174
Decrease in prepaid expenses and other assets 828 2,228
Increase in accounts payable, accrued expenses and other liabilities 9,080 9,025
Net cash provided by operating activities 17,928 46,483
Cash flows from investing activities:    
Purchases of property and equipment (13,121) (10,712)
Proceeds from disposition of property and equipment 5,690 6,138
Return of helicopter deposits 0 544
Investments in and advances to equity investees (126) 0
Principal payments on notes due from equity investees 564 539
Principal payments on third party notes receivable 94 212
Escrow deposits on like-kind exchanges, net 3,777 0
Net cash used in investing activities (3,122) (3,279)
Cash flows from financing activities:    
Proceeds from Revolving Credit Facility 9,000 7,000
Payments on long-term debt (24,745) (29,538)
Extinguishment of long-term debt 0 (4,331)
Proceeds from share award plans 836 836
Purchase of treasury shares (52) (161)
Net cash used in financing activities (14,961) (26,194)
Effects of exchange rate changes on cash and cash equivalents 101 764
Net increase (decrease) in cash and cash equivalents (54) 17,774
Cash and cash equivalents, beginning of period 26,950 14,370
Cash and cash equivalents, end of period 26,896 32,144
Supplemental cash flow information:    
Cash paid for interest, net of capitalized interest of $451 and $0 in 2017 and 2016, respectively 7,798 8,847
Cash paid (refunded) for income taxes 427 (5,974)
Supplemental disclosure of non-cash financing activities:    
Notes payable contributed to subsidiary $ 0 $ 6,349