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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)
 
Year Ended December 31, 2015
Parent
Company
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net cash used in operating activities
$

 
$
(19,878
)
 
$
(2,508
)
 
$

 
$
(22,386
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(39,566
)
 
(1,242
)
 

 
(40,808
)
Intercompany notes and accounts

 
47,613

 

 
(47,613
)
 

Other investing activities, net

 
21,405

 

 

 
21,405

Net cash provided by (used in) investing activities

 
29,452

 
(1,242
)
 
(47,613
)
 
(19,403
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayments of long-term debt
(1,575
)
 

 

 

 
(1,575
)
Proceeds from long term debt
305,550

 

 

 

 
305,550

Proceeds from borrowings on revolving credit facility
130,000

 

 

 

 
130,000

Repayments on revolving credit facility
(200,000
)
 

 

 

 
(200,000
)
Payment of deferred financing cost
(11,461
)
 

 

 

 
(11,461
)
Repurchases of common stock
(362
)
 

 

 

 
(362
)
Intercompany notes and accounts
(47,613
)
 

 

 
47,613

 

Other financing activities, net
(3,423
)
 

 

 

 
(3,423
)
Net cash provided by financing activities
171,116

 

 

 
47,613

 
218,729

Effect of changes in exchange rates on cash

 

 
110

 

 
110

Net increase (decrease) in cash and cash equivalents
171,116

 
9,574

 
(3,640
)
 

 
177,050

Cash and cash equivalents at beginning of period
19,949

 
450

 
6,905

 

 
27,304

Cash and cash equivalents at end of period
$
191,065

 
$
10,024

 
$
3,265

 
$

 
$
204,354




93