v3.8.0.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ (28,796) $ (39,809)
Adjustments to reconcile net income (loss):    
Depreciation and amortization 28,549 32,202
(Gain) loss on disposition of assets (343) 352
Deferred tax expense (benefit) (543) (642)
Expenses not requiring cash 1,107 2,150
Change in assets and liabilities:    
Accounts and notes receivable (4,179) (4,874)
Other assets 10,011 (2,692)
Accounts payable and accrued liabilities (17,962) (15,937)
Accrued income taxes (48) 1,665
Net cash provided by (used in) operating activities (12,204) (27,585)
Cash flows from investing activities:    
Capital expenditures (8,924) (14,451)
Proceeds from the sale of assets 70 46
Net cash provided by (used in) investing activities (8,854) (14,405)
Cash flows from financing activities:    
Payments of debt issuance costs (1,148) 0
Preferred stock dividend (906) 0
Shares surrendered in lieu of tax (122) (352)
Proceeds from the issuance of common stock 0 25,200
Proceeds from the issuance of mandatory convertible preferred stock 0 50,000
Payment of equity issuance costs 0 (2,861)
Net cash provided by (used in) financing activities (2,176) 71,987
Net increase (decrease) in cash and cash equivalents (23,234) 29,997
Cash and cash equivalents at beginning of period 141,549 119,691
Cash and cash equivalents at end of period 118,315 149,688
Supplemental cash flow information:    
Interest paid 20,588 20,588
Income taxes paid $ 1,996 $ 1,551

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