XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net loss attributable to NextDecade Corporation $ (14,016) $ (12,050)
Adjustment to reconcile net loss to net cash used in operating activities    
Depreciation 136 146
Share-based compensation expense (forfeiture) (5,571) (759)
Loss (gain) on common stock warrant liabilities 2,363 (6,147)
Realized loss on investment securities 0 423
Amortization of right-of-use assets 414 984
Amortization of other non-current assets 1,062 1,042
Changes in operating assets and liabilities:    
Prepaid expenses (234) 61
Accounts payable 76 (478)
Operating lease liabilities (396) (710)
Accrued expenses and other liabilities 3,914 (5,258)
Net cash used in operating activities (12,252) (22,746)
Investing activities:    
Acquisition of property, plant and equipment (8,390) (30,088)
Acquisition of other non-current assets (4,666) (9,390)
Proceeds from sale of investment securities 0 61,972
Purchase of investment securities 0 (188)
Net cash (used in) provided by investing activities (13,056) 22,306
Financing activities:    
Proceeds from sale of Rio Bravo 0 15,000
Proceeds from sale of Series C Convertible Preferred Stock 39,500 0
Proceeds from sale of common stock 389 0
Equity issuance costs (117) 0
Preferred stock dividends (50) (41)
Shares repurchased related to share-based compensation (279) (322)
Net cash provided by financing activities 39,443 14,637
Net increase in cash and cash equivalents 14,135 14,197
Cash and cash equivalents – beginning of period 22,608 15,736
Cash and cash equivalents – end of period 36,743 29,933
Non-cash investing activities:    
Accounts payable for acquisition of property, plant and equipment 329 479
Accrued liabilities for acquisition of property, plant and equipment 996 382
Pipeline assets obtained in exchange for other non-current liabilities 84 6,670
Non-cash financing activities:    
Paid-in-kind dividends on Convertible Preferred Stock 12,965 10,524
Accretion of deemed dividends on Series A Convertible Preferred Stock 47 113
Accounts payable for equity issuance costs 148 0
Accrued liabilities for equity issuance costs $ 35 $ 0