Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2020
Jun. 30, 2019
Sep. 30, 2019
Cash flows from operating activities:              
Net (loss) income $ 1,849 $ (10,306) $ 14,424 $ 2,984 $ (95,052) $ 32,602  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:              
Depreciation and amortization 30,168   20,483   88,418 60,759  
Stock-based compensation expense         7,078 6,169  
Deferred tax benefit         (11,986) (4,031)  
Gain on sale of assets, net         (229) (210)  
(Gain) loss on sale of ownership interests in a subsidiary (11,208)   0   (11,208) 4,465  
Unrealized gain on investments in mutual funds         (1,161) (406)  
Loss from equity-method investments         3,542 1,086  
Goodwill write-down 0   0   90,408 0  
Changes in working capital items         41,726 (14,543)  
Decrease (increase) in other assets         5,076 (379)  
Increase in other liabilities         2,960 3,042  
Other operating activities, net         4,036 860  
Net cash provided by operating activities         123,608 89,414  
Cash flows from investing activities:              
Capital expenditures         (25,486) (31,963)  
Acquisitions, net of cash acquired         0 (11,525)  
Proceeds from sale of assets         398 1,508  
Proceeds from sale of ownership interests in a subsidiary         42,210 8,254  
Investments and advances         (9,723) (33,073)  
Net cash provided by (used in) investing activities         7,399 (66,799)  
Cash flows from financing activities:              
Proceeds from long-term debt         971,399 424,842  
Payments on long-term debt         (1,063,459) (408,447)  
Purchases of treasury stock         (2,372) (21,815)  
Dividends         (19,813) (19,254)  
Acquisition holdback and contingent consideration payments         (4,689) (3,350)  
Other financing activities         (4,156) (2,139)  
Net cash used in financing activities         (123,090) (30,163)  
Effect of exchange rate changes on cash         (315) (421)  
Net change in cash and cash equivalents         7,602 (7,969)  
Cash and cash equivalents at beginning of year   $ 35,302   $ 41,572 35,302 41,572 $ 41,572
Cash and cash equivalents at end of period $ 42,904   $ 33,603   $ 42,904 $ 33,603 $ 35,302