|
Net income
|
|
$33.8m
|
$3.9m
|
$143.0m
|
$42.7m
|
$24.1m
|
$33.6m
|
|
Depreciation and amortization
|
|
$9.4m
|
$10.1m
|
$10.5m
|
$10.5m
|
$12.6m
|
$13.8m
|
|
Amortization/write off of deferred financing costs
|
|
$351k
|
$6.0m
|
$1.4m
|
$2.2m
|
$3.1m
|
$622k
|
|
Deferred taxes
|
|
$0
|
($1.5m)
|
$8.4m
|
$11.3m
|
$14.0m
|
$16.1m
|
|
Recording of deferred tax assets related to exchanges of Class B common stock to Class A common stock
|
|
—
|
$187.9m
|
$123.2m
|
$187.6m
|
$0
|
$0
|
|
Right of use operating lease assets obtained in exchange for lease obligations
|
|
—
|
—
|
—
|
$0
|
$0
|
$46.2m
|
|
Right of use operating lease liabilities obtained in exchange for lease assets
|
|
—
|
—
|
—
|
$0
|
$0
|
$41.3m
|
|
Equity-based compensation
|
|
$8.3m
|
$11.3m
|
$16.1m
|
$20.9m
|
$14.2m
|
$9.9m
|
|
Provision for credit losses
|
|
—
|
$0
|
$200k
|
$296k
|
$0
|
$0
|
|
Provision for obsolete or slow-moving inventory
|
|
$188k
|
($1.4m)
|
$2.1m
|
$5.0m
|
$2.7m
|
$1.2m
|
|
Provision for warranty expense
|
|
—
|
$60k
|
$560k
|
$59.6m
|
$15.2m
|
$522k
|
|
Other
|
|
—
|
$0
|
($503k)
|
($269k)
|
$0
|
$0
|
|
Accounts receivable
|
|
$288k
|
$818k
|
($19.2m)
|
($56.8m)
|
$28.9m
|
($50.6m)
|
|
Unbilled receivables
|
|
($1.3m)
|
($9.7m)
|
($3.2m)
|
($23.4m)
|
$19.3m
|
($1.3m)
|
|
Inventory
|
|
($6.5m)
|
($17.2m)
|
($36.9m)
|
$15.0m
|
($5.8m)
|
($35.1m)
|
|
Other assets
|
|
$643k
|
$341k
|
$244k
|
$1.4m
|
($9.8m)
|
$1.8m
|
|
Accounts payable
|
|
$4.3m
|
($3.9m)
|
($11.0m)
|
$5.2m
|
$5.6m
|
$43.3m
|
|
Accrued expenses and other
|
|
—
|
($6.2m)
|
$10.7m
|
$4.5m
|
($11.2m)
|
$4.8m
|
|
Warranty liability
|
|
—
|
$0
|
$0
|
($5.2m)
|
($29.1m)
|
($41.0m)
|
|
Deferred revenue
|
|
—
|
$1.7m
|
$21.4m
|
($1.0m)
|
($3.5m)
|
$18.3m
|
|
Distributions to non-controlling interests
|
|
($376.0m)
|
($4.8m)
|
($7.8m)
|
($2.6m)
|
$0
|
$0
|
|
Employee withholding taxes related to net settled equity awards
|
|
$0
|
($137k)
|
($1.3m)
|
($3.9m)
|
($1.2m)
|
($362k)
|
|
Deferred financing costs
|
|
($11.8m)
|
($94k)
|
$0
|
$0
|
($2.6m)
|
$0
|
|
Payments on/ repayments of credit facilities
|
|
($20.0m)
|
($166.8m)
|
($55.1m)
|
($104.5m)
|
($190.8m)
|
($65.0m)
|
|
Proceeds from revolving credit facility
|
|
$390.0m
|
$49.1m
|
$46.0m
|
$45.0m
|
$148.8m
|
$60.0m
|
|
Excise taxes on treasury stock transactions
|
|
—
|
—
|
—
|
$0
|
$0
|
$59k
|
|
Deferred offering costs
|
|
($3.7m)
|
($9.7m)
|
($1.5m)
|
($1.2m)
|
$0
|
$0
|
|
Purchased equipment not yet paid for
|
|
$3.2m
|
$4.1m
|
$3.2m
|
$0
|
$0
|
$1.5m
|
|
Capital contribution related to tax receivable agreement exchanges of Class B common stock to Class A common stock
|
|
$0
|
$27.0m
|
$115.4m
|
$187.6m
|
$0
|
$0
|
|
Net Cash Provided by Operating Activities
|
|
$54.1m
|
($4.1m)
|
$39.5m
|
$92.0m
|
$80.4m
|
$17.1m
|
|
Purchases of property, plant and equipment
|
|
($3.2m)
|
($4.1m)
|
($3.2m)
|
($10.6m)
|
($8.4m)
|
($33.0m)
|
|
Proceeds from sale of property, plant and equipment
|
|
—
|
—
|
—
|
$0
|
$0
|
$5.1m
|
|
Net Cash Used in Investing Activities
|
|
($3.2m)
|
($17.0m)
|
($3.7m)
|
($10.8m)
|
($8.4m)
|
($28.0m)
|
|
Repurchase of Class A common stock
|
|
—
|
—
|
$0
|
$0
|
($25.3m)
|
$0
|
|
Net Cash Used in Financing Activities
|
|
($47.9m)
|
$20.6m
|
($36.6m)
|
($67.2m)
|
($71.2m)
|
($5.3m)
|
|
Net Increase (Decrease) in Cash, Cash Equivalents
|
|
$3.0m
|
($516k)
|
($791k)
|
$13.9m
|
$804k
|
($16.2m)
|
|
Cash, Cash Equivalents—Beginning of Period
|
|
$10.1m
|
$9.6m
|
$8.8m
|
$22.7m
|
$23.5m
|
$7.3m
|
|
Cash paid for interest
|
|
$3.0m
|
$10.8m
|
$12.8m
|
$23.1m
|
$16.3m
|
$9.1m
|
|
Cash paid for taxes
|
|
$0
|
$1.2m
|
$786k
|
$1.3m
|
$109k
|
($183k)
|