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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 43,560 $ (2,764)
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization expense 10,120 11,449
Deferred income taxes 5,595 4,680
Stock based compensation 1,922 1,571
Amortization of deferred financing costs 713 517
Bad debt expense 1,833 (113)
Gain on derivatives, net (57,460) (25,928)
Current period cash settlements on derivatives, net 21,844 390
Other 43 0
Changes in assets and liabilities:    
Decrease in accounts receivable 8,585 25,057
(Increase) decrease in accounts receivable—affiliates (1,890) 380
(Increase) decrease in inventory (409) 400
Increase in customer acquisition costs (2,590) (456)
Decrease in prepaid and other current assets 2,678 6,324
Decrease in intangible assets—customer acquisition 13 27
(Increase) decrease in other assets (705) 519
Decrease in accounts payable and accrued liabilities (19,372) (12,948)
Decrease in accounts payable—affiliates (64) (382)
(Decrease) increase in other current liabilities (1,362) 473
Decrease in other non-current liabilities (110) (28)
Net cash provided by operating activities 12,944 9,168
Cash flows from investing activities:    
Purchases of property and equipment (1,126) (1,063)
Acquisition of Customers (4,034) 0
Net cash used in investing activities (5,160) (1,063)
Cash flows from financing activities:    
Borrowings on notes payable 223,000 371,000
Payments on notes payable (263,000) (336,000)
Net borrowings on subordinated debt facility 20,000 10,000
Restricted stock vesting (663) (833)
Payment of dividends to Class A common stockholders (5,713) (5,328)
Payment of distributions to non-controlling unitholders (7,303) (10,186)
Payment of Preferred Stock dividends (3,902) (3,902)
Net cash (used in) provided by financing activities (37,581) 24,751
(Decrease) Increase in Cash, cash equivalents and Restricted cash (29,797) 32,856
Cash, cash equivalents and Restricted cash—beginning of period 75,320 71,684
Cash, cash equivalents and Restricted cash—end of period 45,523 104,540
Non-cash items:    
Property and equipment purchase accrual 4 69
Cash paid (received) during the period for:    
Interest 2,270 2,145
Taxes $ 1,252 $ (5,866)