XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (24,576) $ (7,447)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 11,390 11,735
Provision for credit losses and inventory 375 380
Stock-based compensation expense 8,253 3,367
Stock-based sales incentive charges 3,756  
Change in fair value of derivative instruments 1,036 2,045
Amortization of discount and debt issuance cost (47) 13
Loss (gain) on disposal of property and equipment (32) 46
Loss on extinguishment of debt 2,268  
Loss from equity method investments 1,677 426
Non-cash lease expense 827 740
Deferred income taxes 21 33
Changes in operating assets and liabilities:    
Accounts and other receivables 12,875 (1,786)
Inventory (1,809) (176)
Prepaid expenses and other assets (3,188) (7,666)
Operating lease liabilities (971) (1,048)
Accounts payable 113 446
Deferred revenue 801 1,857
Accrued liabilities and other (7,930) 292
Net cash provided by operating activities 4,839 3,257
Cash flows from investing activities:    
Purchases of short-term investments (99,803) (58,299)
Maturities and sales of short-term investments 109,000 58,301
Purchases of and deposits on property and equipment (7,366) (3,328)
Disbursements for loans receivable   (3,828)
Payments on and proceeds from sales of loans receivable 103 128
Cash received from sale of certain assets of subsidiary, net 3,885 887
Payment and deposits on equipment and manure rights for RNG production projects 4,500  
Proceeds from disposal of property and equipment 43 7
Net cash provided by (used in) investing activities 1,362 (6,132)
Cash flows from financing activities:    
Issuance of common stock 273 3,216
Repurchase of common stock (3,001)  
Fees paid for debt issuance costs (50)  
Proceeds for Adopt-a-Port program 240 2,520
Repayment of proceeds for Adopt-a-Port program (235)  
Proceeds from debt instruments 14,000 1,900
Repayments of debt instruments and finance lease obligations (13,848) (1,108)
Payments of debt extinguishment costs (2,186)  
Net cash (used in) provided by financing activities (4,807) 6,528
Effect of exchange rates on cash, cash equivalents and restricted cash 120 69
Net increase (decrease) in cash, cash equivalents and restricted cash 1,514 3,722
Cash, cash equivalents and restricted cash, beginning of period 106,456 119,977
Cash, cash equivalents and restricted cash, end of period 107,970 123,699
Supplemental disclosure of cash flow information:    
Interest paid, net of $0 and $0 capitalized, respectively $ 470 $ 1,052