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SEC Filings

10-K
KEY ENERGY SERVICES INC filed this Form 10-K on 02/28/2018
Entire Document
 
Key Energy Services, Inc. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)



CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
 
Period from January 1, 2016 through December 15, 2016
 
Parent
Company
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$

 
$
(139,713
)
 
$
1,264

 
$

 
$
(138,449
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(8,134
)
 
(347
)
 

 
(8,481
)
Intercompany notes and accounts

 
122,798

 

 
(122,798
)
 

Other investing activities, net

 
15,025

 

 

 
15,025

Net cash provided by (used in) investing activities

 
129,689

 
(347
)
 
(122,798
)
 
6,544

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of long-term debt
(313,424
)
 

 

 

 
(313,424
)
Proceeds from long-term debt
250,000

 

 

 

 
250,000

Proceeds from stock rights offering
109,082

 

 

 

 
109,082

Restricted cash
(24,692
)
 

 

 

 
(24,692
)
Payment of deferred financing costs
(2,040
)
 

 

 

 
(2,040
)
Intercompany notes and accounts
(122,798
)
 

 

 
122,798

 

Other financing activities, net
(167
)
 

 

 

 
(167
)
Net cash provided by (used in) financing activities
(104,039
)
 

 

 
122,798

 
18,759

Effect of changes in exchange rates on cash

 

 
(20
)
 

 
(20
)
Net increase (decrease) in cash and cash equivalents
(104,039
)
 
(10,024
)
 
897

 

 
(113,166
)
Cash and cash equivalents at beginning of period
191,065

 
10,024

 
3,265

 

 
204,354

Cash and cash equivalents at end of period
$
87,026

 
$

 
$
4,162

 
$

 
$
91,188


 

92