General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
 1 Months Ended 3 Months Ended 12 Months Ended
Dec. 05, 2018
Jan. 31, 2018
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2016
Net income     $ 28,381,842 $ 913,279 $ 6,233,591
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation     17,718,814    
Deferred income taxes     (11,106,473) 598,651 3,754,630
Amortization of deferred financing costs     1,689,575    
Accretion of debt discount     275,400 330,480
Amortization of debt premium     (60,465)    
Amortization of intangible assets $ 700,000 $ 1,900,000 7,903,732 7,815,141 5,673,548
Stock-based compensation expense     280,632    
Write-off of deferred financing costs included in loss on extinguishment of debt     1,972,574 931,838
Write-off of debt discount costs included in loss on extinguishment of debt     1,473,392
Debt prepayment penalty included in loss on extinguishment of debt     1,440,000
Loss (gain) on repayments of long-term debt included in loss on extinguishment of debt     303,420 (287,962)
Dissolution of noncontrolling interest     8,299
(Gain) on the sale of property, plant and equipment     (2,622,520)    
Accretion of contingent consideration     526,817
Net changes in operating assets and liabilities (net of acquisitions):          
Trade receivables, net     (7,469,464)    
Inventory     (706,667)    
Prepaid expenses and other current assets     (1,407,883)    
Income taxes payable, net     (381,322)    
Accounts payable     (1,832,398)    
Accrued payroll, accrued expenses and other current liabilities     8,702,438    
Net cash (used in) provided by operating activities     39,616,657    
Cash flows from investing activities:          
Purchases of property, plant and equipment     (31,738,369)    
Proceeds from sale of property, plant and equipment     3,238,933    
Acquisition of net assets, net of cash acquired     (21,000,000)    
Net cash (used in) investing activities     (49,499,436) (83,088,761) (28,973,671)
Cash flows from financing activities:          
Premium proceeds on long term debt     600,000
Proceeds on revolving loan     237,194,598    
Payments on revolving loan     (239,587,567)    
Proceeds on long term debt     15,000,000    
Principal payments on long term debt     (39,104,760) (18,352,038)
Payment of deferred financing costs     (1,454,364)
Debt prepayment penalty     (1,440,000)
Payments on capital lease obligations     (194,190)    
Preferred stock purchase     (1,400,009)
Payment of preferred stock dividends     (4,840,065)
Repurchase of stock options     (686,645)
Net cash provided by (used in) financing activities     13,012,841    
Effect of foreign currency exchange rate on cash     (1,443,825)    
Net increase (decrease) in cash     1,696,237    
Beginning of period 8,621,279 6,925,042 6,925,042 3,248,520 11,277,553
End of period 3,612   8,621,279 6,925,042 3,248,520
Supplemental cash flow information:          
Cash paid for interest     22,167,732 22,653,135 17,680,951
Cash (refunded) for income taxes     1,072,947 4,356,081 1,724,602
Equipment purchases included in accrued expenses     355,147 2,172,115 6,015,009
Predecessor [Member] (Deprecated 2019-01-31)          
Net income       913,279 6,233,591
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation 2,060,000 4,048,000   19,338,884 16,635,995
Deferred income taxes (4,355,000) (13,757,000)   238,696 3,754,628
Amortization of deferred financing costs 152,000 405,000   1,863,641 1,751,675
Amortization of debt premium       (72,527)
Amortization of intangible assets 653,000 1,902,000   7,815,141 5,673,548
Stock-based compensation expense 27,000 94,000   362,345 109,424
Write-off of deferred financing costs included in loss on extinguishment of debt 3,390,000      
(Gain) on the sale of property, plant and equipment (166,000) (401,000)   (567,876) (384,988)
Net changes in operating assets and liabilities (net of acquisitions):          
Trade receivables, net 485,000 3,608,000   212,586 (673,660)
Inventory (294,000) (445,000)   (461,824) (473,187)
Prepaid expenses and other current assets (1,283,000) (2,358,000)   (232,495) (1,015,506)
Income taxes payable, net 203,000 226,000   (1,277,467) (1,025,689)
Accounts payable (654,000) (2,752,000)   2,005,714 74,811
Accrued payroll, accrued expenses and other current liabilities 17,280,000 (524,000)   (1,376,489) 4,114,143
Net cash (used in) provided by operating activities 7,916,000 7,608,000   34,226,394 35,757,440
Cash flows from investing activities:          
Purchases of property, plant and equipment (503,000) (7,460,000)   (23,671,035) (22,570,712)
Proceeds from sale of property, plant and equipment 364,000 487,000   1,009,523 247,041
Acquisition of net assets, net of cash acquired   (60,427,249) (6,650,000)
Net cash (used in) investing activities (139,000) (6,973,000)      
Cash flows from financing activities:          
Proceeds on revolving loan 4,693,000 52,343,000   266,604,233 155,447,066
Payments on revolving loan (20,056,000) (55,068,000)   (205,163,292) (151,839,827)
Proceeds on long term debt   40,400,000
Payments on capital lease obligations (7,000) (42,000)   (151,141) (68,003)
Repurchase of stock options      
Net cash provided by (used in) financing activities (15,370,000) (2,767,000)   52,763,957 (14,812,802)
Effect of foreign currency exchange rate on cash (70,000) 2,927,000   (225,068)
Net increase (decrease) in cash (7,663,000) 795,000   3,676,522 $ (8,029,033)
Beginning of period 8,621,000 6,925,000 6,925,000    
End of period 958,000 7,720,000 $ 8,621,000 $ 6,925,000  
Supplemental cash flow information:          
Cash paid for interest 201,000 726,000      
Cash (refunded) for income taxes (553,000)      
Equipment purchases included in accrued expenses $ 479,000