XML 27 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (10,524) $ (12,192)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 11,966 12,314
Equity-based compensation 479 612
Paid-in-Kind interest added to debt principal 294 991
Allowance for credit losses 922 100
Amortization of deferred financing fees included in interest expense 1,046 903
Loss (gain) on disposal of property, plant and equipment 289 243
Mark-to-market adjustments 250 (1,975)
Foreign currency transactions 91 48
Change in deferred income taxes (3,083) (1,454)
Change in operating assets and liabilities:    
Accounts receivable (11,137) (5,017)
Inventories (53,663) (7,564)
Derivative assets and liabilities (10,743) 4,289
Prepaid expense and other assets (14,257) (2,000)
Accounts payable 37,278 9,463
Accrued liabilities and other 3,818 457
Net cash used in operating activities (46,974) (782)
Cash flows from investing activities:    
Additions to property and equipment (15,163) (8,556)
Additions to intangible assets (48) (253)
Proceeds from sale of property and equipment 2,248 1,354
Net cash used in investing activities (12,963) (7,455)
Cash flows from financing activities:    
Payments on debt (51,665) (46,453)
Proceeds from debt 107,423 54,888
Payment of debt issuance costs   (597)
Net unit settlement (477) (162)
Net cash provided by financing activities 55,281 7,676
Effect of exchange rate changes on cash (29) 112
Net decrease in cash and cash equivalents and restricted cash (4,685) (449)
Cash and cash equivalents and restricted cash at beginning of period 22,870 18,652
Cash and cash equivalents and restricted cash at end of period 18,185 18,203
Supplemental non-cash investing and financing activities:    
Property, plant and equipment acquired but not yet paid 372 2,160
Accumulating preferred dividends $ 13,882 $ 11,848