v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 2,039 $ (11,061)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,629 4,020
Amortization of debt issuance and warrant costs and other 634 496
Stock-based compensation 323 186
Change in fair value of stock warrants 1,347 (1,562)
Loss on disposal of assets 672 439
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 1,506 422
Prepaid expenses, inventories and other (4,209) 554
Deferred taxes 284 91
Common stock warrant liability (4,000) 0
Contract liabilities 25 (58)
Accounts payable and accrued expenses 9,094 112
Net cash provided by (used in) operating activities 18,782 (6,361)
Cash flows from investing activities:    
Purchase of property and equipment (10,539) (1,375)
Other (32) 22
Net cash used in investing activities (10,571) (1,353)
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 (9,405) (447)
Repayment of Senior Secured Notes due 2024 (106,825) (550)
Prepayment premiums of Senior Secured Notes due 2024 (1,261) 0
Repayment of finance lease obligation (242) (251)
Proceeds from exercise of stock options 367 0
Other 24 0
Net cash provided by financing activities 235,632 4,358
Net increase (decrease) in cash, cash equivalents and restricted cash 243,843 (3,356)
Cash, cash equivalents and restricted cash, beginning of period 37,698 29,851
Cash, cash equivalents and restricted cash, end of period 281,541 26,495
Supplemental Cash Flow Information:    
Cash paid for interest, net of amounts capitalized 891 4,336
Non-Cash Investing Activities:    
Accounts payable related capital expenditures $ 2,681 $ 137

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