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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net loss attributable to NextDecade Corporation $ (221,640) $ (60,071)
Adjustment to reconcile net loss to net cash used in operating activities    
Depreciation 168 162
Share-based compensation expense 26,553 7,472
Loss on common stock warrant liabilities 1,879 5,747
Derivative loss, net 44,803 0
Net cash provided by settlement of derivative instruments 4,138 0
Amortization of right-of-use assets 2,980 756
Gain on sale of assets (5,712) 0
Amortization of debt issuance costs 41,390 0
Loss on debt extinguishment 9,531 0
Interest expense 26,432 0
Amortization of other non-current assets 0 354
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (940) (314)
Accounts payable 4,057 684
Operating lease liabilities (179) (678)
Accrued expenses and other liabilities (7,080) 5,812
Net cash used in operating activities (73,620) (40,076)
Investing activities:    
Acquisition of property, plant and equipment (1,737,636) (33,753)
Acquisition of other non-current assets (15,164) (7,135)
Net cash used in investing activities (1,752,800) (40,888)
Financing activities:    
Proceeds from debt issuance 2,083,000 0
Proceeds from sale of equity in subsidiaries 457,659 0
Proceeds from sale of preferred stock 0 10,500
Proceeds from sale of common stock 254,400 115,000
Repayment of debt (233,000) 0
Debt and equity issuance costs (494,270) (3,952)
Preferred stock dividends (53) (75)
Shares repurchased related to share-based compensation (9,627) (3,272)
Net cash provided by financing activities 2,058,109 118,201
Net increase in cash, cash equivalents and restricted cash 231,689 37,237
Cash, cash equivalents and restricted cash – beginning of period 62,789 25,552
Cash, cash equivalents and restricted cash – end of period 294,478 62,789
Balance per Consolidated Balance Sheet:    
Cash and cash equivalents 38,241 62,789
Restricted cash 256,237  
Total cash, cash equivalents and restricted cash $ 294,478 $ 62,789