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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Current assets:      
Cash and cash equivalents $ 45,753 $ 38,241  
Restricted cash 205,645 256,237  
Derivatives 29,327 17,958  
Prepaid expenses and other current assets 3,193 2,089  
Total current assets 283,918 314,525  
Property, plant and equipment, net 3,158,242 2,437,733  
Operating lease right-of-use assets 169,504 170,827  
Debt issuance costs 371,466 389,695  
Derivatives 175,699 0  
Other non-current assets 17,054 11,021  
Total assets 4,175,883 3,323,801  
Current liabilities:      
Accounts payable 175,384 243,129  
Accrued and other current liabilities 321,997 299,264  
Common stock warrants 5,297 6,851  
Operating leases 2,972 3,143  
Total current liabilities 505,650 552,387  
Common stock warrants 0 1,818  
Operating leases 145,466 145,962  
Derivative liability 0 66,899  
Debt, net 2,393,730 1,816,301  
Total liabilities 3,044,846 2,583,367  
Commitments and contingencies (Note 12)  
Stockholders’ equity      
Common stock, $0.0001 par value, 480.0 million authorized: 257.5 million and 256.5 million outstanding, respectively 26 26  
Treasury stock: 2.2 million shares and 2.2 million respectively, at cost (14,308) (14,214)  
Preferred stock, $0.0001 par value, 0.5 million authorized after designation of the convertible preferred stock: none outstanding 0 0  
Additional paid-in-capital 897,805 693,883  
Accumulated deficit (363,426) (391,772)  
Total stockholders’ equity 520,097 287,923 $ 56,836
Non-controlling interest 610,940 452,511  
Total equity 1,131,037 740,434 $ 54,371
Total liabilities and equity $ 4,175,883 $ 3,323,801