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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (42,649) $ 45,944
Adjustment to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 13,785 12,967
Loss on disposal of asset 1,402 284
Allowance for credit losses 1,633 0
Stock-based compensation 2,656 2,040
Amortization of debt issuance costs 88 665
Deferred income tax expense (7,369) 7,880
Impairment losses 47,828  
Other (145) (169)
Changes in operating assets and liabilities:    
Accounts receivable 25,760 (4,597)
Prepaid expenses and other assets (217) 1,990
Inventories (533) (3,296)
Accounts payable 147 (4,661)
Accrued liabilities (8,063) 4,696
Deferred revenue   (6,304)
Net cash provided by operating activities 34,323 57,439
Cash flows from investing activities:    
Investment in property, plant and equipment (1,558) (28,717)
Cash received from insurance proceeds 713 38
Net cash used in investing activities (845) (28,679)
Cash flows from financing activities:    
Share repurchases (26,717)  
Distribution and dividend paid to Solaris LLC unitholders (other than Solaris Inc.) and Class A common shareholders (9,507) (9,515)
Payments under finance leases (18) (18)
Payments under insurance premium financing   (932)
Proceeds from stock option exercises 64 294
Payments for shares withheld for taxes from RSU vesting and cancelled (96)  
Payments related to purchase of treasury stock (454) (730)
Payments related to debt issuance costs   (197)
Repayment of senior secured credit facility   (13,000)
Net cash used in financing activities (36,728) (24,098)
Net increase (decrease) in cash (3,250) 4,662
Cash at beginning of period 66,882 25,057
Cash at end of period 63,632 29,719
Non-cash activities    
Capitalized depreciation in property, plant and equipment 316 372
Capitalized stock based compensation 135 96
Property and equipment additions incurred but not paid at period-end 6 829
Property, plant and equipment additions transferred from inventory 356 4,939
Insurance premium financing   1,812
Cash paid for:    
Interest 66 183
Income taxes $ 813 $ 663