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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Operating activities:          
Net income (loss) attributable to NextDecade Corporation $ 181,844   $ 34,208 $ (41,146)  
Adjustment to reconcile net loss to net cash used in operating activities          
Depreciation 42 $ 41 117 129  
Share-based compensation expense     22,055 3,555  
Loss on common stock warrant liabilities (3,302) 2,773 2,520 7,192  
Derivative gain (240,265) 0 (152,816) 0  
Net cash provided by settlement of derivative instruments     1,160 0  
Amortization of right-of-use assets     570 522  
Gain on sale of assets     (6,020) 0  
Amortization of debt issuance costs     25,670 0 $ 0
Interest Expense     2,929 0  
Amortization of other non-current assets     0 354  
Changes in operating assets and liabilities:          
Prepaid expenses and other current assets     (1,121) (460)  
Accounts payable     3,313 294  
Operating lease liabilities     330 (482)  
Accrued expenses and other liabilities     14,458 2,081  
Net cash used in operating activities     (52,627) (27,961)  
Investing activities:          
Acquisition of property, plant and equipment     (996,467) (5,673)  
Acquisition of other non-current assets     (13,971) (5,343)  
Net cash used in investing activities     (1,010,438) (11,016)  
Financing activities:          
Proceeds from debt issuance     1,409,000 0  
Proceeds from sale of equity in Intermediate Holdings     278,962 0  
Proceeds from sale of Rio Bravo Pipeline, LLC     4,393 0  
Proceeds from sale of Series C Convertible Preferred Stock     0 10,500  
Proceeds from sale of common stock     254,400 115,000  
Debt and equity issuance costs     (490,960) (2)  
Preferred stock dividends     (53) (38)  
Shares repurchased related to share-based compensation     (9,607) (2,812)  
Net cash provided by financing activities     1,446,135 122,648  
Net increase in cash and cash equivalents     383,070 83,671  
Cash and cash equivalents – beginning of period     62,789 25,552 25,552
Cash and cash equivalents – end of period 445,859 109,223 445,859 109,223 62,789
Balance per Consolidated Balance Sheets:          
Cash and cash equivalents 50,847   50,847   62,789
Restricted cash 395,012   395,012    
Total cash, cash equivalents and restricted cash $ 445,859 $ 109,223 $ 445,859 $ 109,223 $ 62,789