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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 162,746 $ (5,480)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, and amortization 94,401 74,588
Loss on disposal of assets 487 4,672
Amortization of debt issuance costs 1,176 336
Non-cash lease expense 861 1,034
Stock-based compensation expense 7,178 6,813
Loss on remeasurement of liability under tax receivable agreements 0 4,165
Changes in operating assets and liabilities:    
Accounts receivable and unbilled revenue (136,514) (95,206)
Accounts receivable and unbilled revenue—related party (11,458) (11,183)
Inventories 17,790 (5,030)
Other assets (14,917) (2,599)
Deferred revenue (441) (2,782)
Accounts payable and accrued liabilities 82,879 47,582
Accounts payable and accrued liabilities—related party 0 (1,857)
Initial payment of operating lease liability (249) (501)
Net cash provided by operating activities 203,939 14,552
Cash flows from investing activities:    
Purchases of property and equipment and construction in-progress (133,138) (90,989)
Investment in sand logistics 0 (795)
Proceeds from sale of assets 3,484 927
Net cash used in investing activities (129,654) (90,857)
Cash flows from financing activities:    
Proceeds from borrowings on line-of-credit 242,000 185,000
Repayments on borrowings on line-of-credit (147,000) (95,000)
Repayments of borrowings on term loan (104,716) (438)
Payments on finance lease obligations (2,165) (1,218)
Class A Common Stock dividends and dividend equivalents upon restricted stock vesting (8,777) 0
Other distributions and advance payments to non-controlling interest unitholders 0 924
Share repurchases (74,648) 0
Tax withholding on restricted stock units 0 (24)
Payments of equity issuance costs (223) (62)
Payments of debt issuance costs (1,566) (224)
Net cash (used in) provided by financing activities (97,095) 88,958
Net (decrease) increase in cash and cash equivalents before translation effect (22,810) 12,653
Translation effect on cash 10 274
Cash and cash equivalents—beginning of period 43,676 19,998
Cash and cash equivalents—end of period 20,876 32,925
Supplemental disclosure of cash flow information:    
Net cash (received) paid for income taxes (3,473) 4,828
Cash paid for interest 5,765 3,847
Non-cash investing and financing activities:    
Capital expenditures included in accounts payable and accrued liabilities 126,847 71,702
Capital expenditures reclassified from prepaid and other current assets $ 8,060 $ 1,190