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
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (12,422) $ (7,822)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 22,482 6,012
Amortization of debt issuance costs, discounts and premiums 2,042 1,227
Non-cash change in ROU operating lease assets 2,810 2,506
Stock-based compensation 2,129 1,362
Loss on disposal of assets 7 3
Gain on settlement (384) 0
Loss on modification of debt 0 4,530
Other operating activities 437 0
Deferred income taxes 452 (16)
Increases and decreases in operating assets and liabilities:    
Accounts receivable (4,190) 1,887
Prepaid expenses, inventories and other (643) (2,784)
Operating lease liabilities (2,654) (2,626)
Contract liabilities (1,611) 2,635
Accounts payable and other liabilities (5,248) (6,874)
Net cash (used in) provided by operating activities 3,207 40
Cash flows from investing activities:    
Capital expenditures (119,898) (116,148)
Proceeds from insurance settlement related to property damage 355 0
Acquisition of intangible assets (50,251) 0
Other 0 (1,086)
Net cash used in investing activities (169,794) (117,234)
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 (6,494) (7,945)
Borrowings under revolving credit facility 42,950 0
Repayment of revolving credit facility borrowings (15,950) 0
Repayment of finance lease obligations (1,159) (383)
Proceeds from exercise of stock options 75 166
Other (19) (108)
Net cash provided by financing activities 59,403 93,730
Net decrease in cash, cash equivalents and restricted cash (107,184) (23,464)
Cash, cash equivalents and restricted cash, beginning of period 191,176 265,293
Cash, cash equivalents and restricted cash, end of period 83,992 241,829
Supplemental Cash Flow Disclosure:    
Cash paid for interest, net of amounts capitalized 25,539 27,726
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Accounts payable related capital expenditures 23,065 17,312
Note payable incurred for asset acquisition 1,500  
Right-of-use assets obtained in exchange for operating lease liabilities 30,178 475
Operating lease right-of-use asset and liability remeasurements 2,341 $ 1,773
Financing leases Right-of-use asset and liability remeasurements $ (151)