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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:        
Net income (loss) $ 16,075 $ 1,612 $ 55,041 $ (11,908)
Deferred income taxes 3,208 596 7,638 840
Equity loss (income) – Sunrise Energy 177 (168) 325 (506)
Cash distribution - Sunrise Energy     625 0
Depreciation, depletion and amortization 16,230 11,187 51,375 31,882
Loss (gain) on sale of assets     78 (367)
Loss on extinguishment of debt 1,491 0 1,491 0
Amortization of debt issuance costs 602 995 2,838 2,503
Asset retirement obligations accretion 468 255 1,380 751
Cash paid on asset retirement obligation reclamation     (2,286) (2,483)
Stock-based compensation     2,774 230
Provision for loss on customer contracts     0 159
Amortization of contract asset and contract liabilities     (32,444) 0
Other     914 943
Change in operating assets and liabilities:        
Accounts receivable     9,197 (3,160)
Inventory     14,874 (6,035)
Parts and supplies     (8,717) (4,975)
Prepaid expenses     1,116 (2,390)
Accounts payable and accrued liabilities     (11,419) 9,318
Deferred revenue     (15,273) 0
Cash provided by operating activities     79,527 13,935
INVESTING ACTIVITIES:        
Capital expenditures     (48,746) (38,344)
Proceeds from sale of equipment     62 758
Cash used in investing activities     (48,684) (37,586)
FINANCING ACTIVITIES:        
Payments on bank debt     (56,463) (35,713)
Borrowings of bank debt     33,000 37,700
Issuance of convertible note     0 11,000
Issuance of related party convertible notes payable     0 18,000
Debt issuance costs     (5,940) (2,097)
Distributions to redeemable noncontrolling interests     0 (585)
Taxes paid on vesting of RSUs     (1,150) 0
Cash (used in) provided by financing activities     (30,553) 28,305
Increase in cash, cash equivalents, and restricted cash     290 4,654
Cash, cash equivalents, and restricted cash, beginning of period     6,426 5,829
Cash, cash equivalents, and restricted cash, end of period 6,716 10,483 6,716 10,483
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH CONSIST OF THE FOLLOWING:        
Cash and cash equivalents 2,573 7,000 2,573 7,000
Restricted cash 4,143 3,483 4,143 3,483
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents $ 6,716 $ 10,483 6,716 10,483
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid for interest     8,069 4,791
SUPPLEMENTAL NON-CASH FLOW INFORMATION:        
Change in capital expenditures included in accounts payable and prepaid expense     3,214 2,396
Convertible notes payable and related party convertible notes payable converted to common stock     0 10,000
Interest Rate Swap [Member]        
OPERATING ACTIVITIES:        
Change in fair value of interest rate swaps     $ 0 $ (867)