Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (17,015) $ (4,245)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 14,014 3,626
Amortization of debt issuance costs, discounts and premiums 1,291 797
Non-cash change in ROU operating lease assets 1,997 1,648
Stock-based compensation 1,403 830
Loss on disposal of assets 0 3
Gain on insurance settlement (355) 0
Loss on modification of debt 0 4,425
Other operating activities 773 0
Deferred income taxes 526 (45)
Increases and decreases in operating assets and liabilities:    
Accounts receivable (2,054) (4,196)
Prepaid expenses, inventories and other (133) (1,309)
Operating lease liabilities (1,933) (1,747)
Contract liabilities 18 3,238
Accounts payable and other liabilities 3,170 1,163
Net cash (used in) provided by operating activities 1,702 4,188
Cash flows from investing activities:    
Capital expenditures (89,309) (64,061)
Proceeds from insurance settlement related to property damage 355 0
Acquisition of intangible assets (50,250) 0
Other 0 (965)
Net cash used in investing activities (139,204) (65,026)
Cash flows from financing activities:    
Proceeds from Senior Secured Notes due 2028 borrowings 40,000 100,000
Proceeds from premium on Senior Secured Notes due 2028 borrowings 0 2,000
Payment of debt discount and issuance costs (6,490) (7,841)
Borrowings under revolving credit facility 36,000 0
Repayment of revolving credit facility borrowings (9,000) 0
Repayment of finance lease obligations (759) (254)
Proceeds from exercise of stock options 154 139
Other 0 (108)
Net cash provided by financing activities 59,905 93,936
Net (decrease) increase in cash, cash equivalents and restricted cash (77,597) 33,098
Cash, cash equivalents and restricted cash, beginning of period 191,176 265,293
Cash, cash equivalents and restricted cash, end of period 113,579 298,391
Supplemental Cash Flow Disclosure:    
Cash paid for interest, net of amounts capitalized 10,721 13,745
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Accounts payable related capital expenditures 25,949 12,089
Right-of-use assets obtained in exchange for operating lease liabilities 30,178 $ 264
Operating lease right-of-use asset and liability remeasurements 2,341  
Financing leases Right-of-use asset and liability remeasurements $ (207)