XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 83,216 $ 51,295
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for doubtful accounts 0 21
Depreciation, depletion, and amortization 8,365 7,667
Debt issuance costs amortization 0 36
Loss on derivative contracts 1,064 0
Cash paid on settlement of derivative contracts (1,085) 0
Gain on sale of assets 0 (19,713)
Stock-based compensation 754 799
Other 76 71
Changes in operating assets and liabilities (13,234) (6,945)
Net cash provided by operating activities 79,156 33,231
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (11,959) (4,389)
Acquisition of assets (1,431) (3,545)
Purchase of other property and equipment (49) (59)
Proceeds from sale of assets 306 37,900
Net cash provided by (used in) investing activities (13,133) 29,907
CASH FLOWS FROM FINANCING ACTIVITIES    
Reduction of financing lease liability (197) (122)
Debt issuance costs 0 (81)
Proceeds from exercise of stock options 70 21
Cash paid for tax obligations on vested stock awards (235) (613)
Net cash used in financing activities (362) (795)
NET INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH 65,661 62,343
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 139,524 28,266
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 205,185 90,609
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (167)  
Cash paid for interest, net of amounts capitalized   (106)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Purchase of Plant, Property and Equipment in accounts payables and accrued expenses 10,858 1,260
Right-of-use assets obtained in exchange for financing lease obligations $ 117 $ 363