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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 99,859 $ (91,088)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, and amortization 151,967 125,270
Loss (gain) on disposal of assets 1,236 (997)
Non-cash lease expense 2,088 1,409
Stock based compensation expense 11,014 10,846
Deferred income tax expense 320 6,124
Loss (gain) on remeasurement of liability under tax receivable agreements 4,333 (3,305)
Other non-cash expense 826 1,882
Changes in operating assets and liabilities:    
Accounts receivable and unbilled revenue (156,049) (141,439)
Accounts receivable and unbilled revenue—related party (1,118) 0
Inventories (29,209) (10,586)
Other assets (1,560) 4,757
Deferred revenue (2,898) 0
Accounts payable and accrued liabilities 58,539 132,846
Accounts payable and accrued liabilities—related party (1,955) 0
Initial payment of operating lease liability (1,764) (153)
Net cash provided by operating activities 135,629 35,566
Cash flows from investing activities:    
Purchases of property and equipment and construction in-progress (224,737) (67,861)
Investment in sand logistics (5,717) 0
Investment in Fervo Energy Company (10,000) 0
Proceeds from sale of assets 7,630 1,966
Net cash used in investing activities (232,824) (65,895)
Cash flows from financing activities:    
Proceeds from borrowings on line-of-credit 400,000 50,000
Repayments of borrowings on line-of-credit (268,000) (50,000)
Repayments of borrowings on term loan (875) (875)
Payments on finance lease obligations (2,696) (4,064)
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting (148) (168)
Other distributions and advance payments to non-controlling interest unitholders 924 1,372
Tax withholding on restricted stock unit vesting (9,700) (3,586)
Payments of equity offering costs (523) (854)
Payments of debt issuance costs 224 0
Net cash provided by (used in) financing activities 118,758 (8,175)
Net increase (decrease) in cash and cash equivalents before translation effect 21,563 (38,504)
Translation effect on cash (85) 236
Cash and cash equivalents—beginning of period 19,998 68,978
Cash and cash equivalents—end of period 41,476 30,710
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 6,073 0
Cash paid for interest 8,352 5,326
Non-cash investing and financing activities:    
Capital expenditures included in accounts payable and accrued liabilities 79,319 22,364
Capital expenditures reclassified from prepaid and other current assets $ 1,190 $ 0