v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (11,272) $ (11,415)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,625 5,859
Amortization of debt issuance costs, discounts and premiums 743 547
Non-cash change in ROU operating lease assets 804 1,026
Stock-based compensation 709 748
Loss on disposal of assets 18 0
Provision for (recovery of) credit losses 255 (50)
Gain on insurance settlement 0 (355)
Other operating activities 0 390
Deferred income taxes 416 (35)
Increases and decreases in operating assets and liabilities:    
Accounts receivable 27 (1,520)
Prepaid expenses, inventories and other (421) 18
Operating lease liabilities (741) (997)
Contract liabilities (1,714) 643
Accounts payable and other liabilities (3,849) (2,151)
Net cash used in operating activities (4,400) (7,292)
Cash flows from investing activities:    
Capital expenditures (22,636) (51,832)
Proceeds from insurance settlement related to property damage 0 355
Acquisition of intangible assets (1) (50,250)
Other 2 0
Net cash used in investing activities (22,635) (101,727)
Cash flows from financing activities:    
Proceeds from Senior Secured Notes due 2028 borrowings 0 40,000
Payment of debt discount and issuance costs 0 (6,420)
Borrowings under revolving credit facility 3,000 36,000
Repayment of revolving credit facility borrowings (3,000) (9,000)
Repayment of finance lease obligations (410) (358)
Proceeds from exercise of stock options 0 17
Other (61) 0
Net cash (used in) provided by financing activities (471) 60,239
Net decrease in cash, cash equivalents and restricted cash (27,506) (48,780)
Cash, cash equivalents and restricted cash, beginning of period 73,794 191,176
Cash, cash equivalents and restricted cash, end of period 46,288 142,396
Supplemental Cash Flow Disclosure:    
Cash paid for interest, net of amounts capitalized 19,037 14,048
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Accounts and construction payables related to property and equipment 7,136 31,375
Accrued liability related to asset acquisition $ 8,449  
Right-of-use assets obtained in exchange for lease liabilities:   29,238
Operating leases right-of-use asset and liability remeasurements   2,341
Financing leases Right-of-use asset and liability remeasurements   $ (207)

Source