v3.19.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income (loss) $ (90,248) $ (28,796)
Adjustments to reconcile net income (loss):    
Depreciation and amortization 25,102 28,549
(Gain) loss on disposition of assets, net (384) (343)
Reorganization items 62,470 0
Deferred tax expense (benefit) (1,685) (543)
Expenses not requiring cash 2,575 1,107
Change in assets and liabilities:    
Accounts and notes receivable (32,842) (4,179)
Other assets (6,542) 10,011
Accounts payable and accrued liabilities 55,780 (17,962)
Accrued income taxes 688 (48)
Net cash provided by (used in) operating activities 14,914 (12,204)
Cash flows from investing activities:    
Capital expenditures (9,231) (8,924)
Proceeds from the sale of assets 101 70
Net cash provided by (used in) investing activities (9,130) (8,854)
Cash flows from financing activities:    
Proceeds from rights offering 95,000 0
Payment of amounts borrowed under debtor in possession financing (10,000) 0
Payments of debt issuance costs (490) (1,148)
Predecessor preferred stock dividend 0 (906)
Shares surrendered in lieu of tax 0 (122)
Net cash provided by (used in) financing activities 84,510 (2,176)
Net increase (decrease) in cash and cash equivalents and restricted cash 90,294 (23,234)
Cash and cash equivalents and restricted cash at beginning of period 58,991 141,549
Cash and cash equivalents and restricted cash at end of period $ 149,285 $ 118,315

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