v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 6,658 $ (3,353)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 5,448 5,868
Amortization of debt issuance and warrant costs and other 991 827
Stock-based compensation 647 307
Change in fair value of stock warrants 1,347 (1,159)
Loss on disposal of assets, net 674 439
Proceeds from insurance related to property damage 1,334 0
Loss on extinguishment of debt 6,104 0
Increases and decreases in operating assets and liabilities:    
Accounts receivable 360 306
Prepaid expenses, inventories and other (3,229) 1,533
Deferred taxes 379 (2)
Common stock warrant liability (4,000) 0
Contract liabilities (600) (109)
Accounts payable and accrued expenses 3,188 (1,732)
Net cash provided by operating activities 19,301 2,925
Cash flows from investing activities:    
Purchase of property and equipment (17,828) (1,883)
Other (164) 11
Net cash used in investing activities (17,992) (1,872)
Cash flows from financing activities:    
Proceeds from Senior Secured Notes due 2028 borrowings 310,000 0
Proceeds from equity offering, net of issuance costs 42,974 0
Proceeds from CARES Act unsecured loans 0 5,606
Payment of debt discount and issuance costs (9,421) (1,284)
Repayment of Senior Secured Notes due 2024 (106,825) (825)
Prepayment premiums of Senior Secured Notes due 2024 (1,261) 0
Repayment of finance lease obligation (367) (369)
Proceeds from exercise of stock options 367 0
Other 24 0
Net cash provided by financing activities 235,491 3,128
Net increase in cash, cash equivalents and restricted cash 236,800 4,181
Cash, cash equivalents and restricted cash, beginning of period 37,698 29,851
Cash, cash equivalents and restricted cash, end of period 274,498 34,032
Supplemental Cash Flow Information:    
Cash paid for interest, net of amounts capitalized 13,180 6,324
Non-Cash Investing Activities:    
Accounts payable related capital expenditures $ 7,031 $ 265

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