Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (40,672) $ (24,904)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 42,101 31,092
Amortization of debt issuance costs, discounts and premiums 2,987 2,793
Non-cash change in ROU operating lease assets 2,770 3,586
Stock-based compensation 2,873 2,882
Loss on disposal of assets 18 7
Gain on sale of Stockman's (1,926)  
Provision for credit losses 212 940
Other   122
Deferred income taxes 262 660
Increases and decreases in operating assets and liabilities:    
Accounts receivable 19 (2,190)
Prepaid expenses, inventories and other (91) 2,150
Income taxes payable (489) 489
Operating lease liabilities (2,505) (3,390)
Contract liabilities (1,963) 1,889
Accounts payable and other liabilities 10,249 6,219
Net cash provided by operating activities 13,845 22,345
Cash flows from investing activities:    
Capital expenditures (52,582) (148,585)
Proceeds from sale of Stockman's 7,000  
Acquisition of intangible assets (1) (50,528)
Other (87) 355
Net cash used in investing activities (45,670) (198,758)
Cash flows from financing activities:    
Proceeds from Senior Secured Notes due 2028 borrowings   40,000
Payment of debt discount and issuance costs   (6,493)
Borrowings under revolving credit facility 13,000 42,950
Repayment of revolving credit facility borrowings (13,000) (15,950)
Repayment of finance lease obligations (1,694) (1,477)
Proceeds from exercise of stock options 448 79
Other (252) (78)
Net cash (used in) provided by financing activities (1,498) 59,031
Net decrease in cash, cash equivalents and restricted cash, including cash classified within current assets held for sale (33,323) (117,382)
Less: cash classified within current assets held for sale (250)  
Net decrease in cash, cash equivalents and restricted cash (33,573) (117,382)
Cash, cash equivalents and restricted cash, beginning of period 73,794 191,176
Cash, cash equivalents and restricted cash, end of period 40,221 73,794
Supplemental Cash Flow Disclosure:    
Cash paid for interest, net of amounts capitalized 39,184 22,463
Cash paid for income taxes 895  
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Payables and accruals incurred for capital expenditures 5,264 22,507
Note payable incurred for asset acquisition   1,500
Accrued liability related to asset acquisition 19,961 14,905
Operating leases   30,178
Operating leases $ 14,023 2,341
Financing leases   $ (150)