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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (23,542) $ (16,082)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 17,782 18,386
Equity-based compensation 1,184 918
Paid-in-kind interest added to debt principal 295 1,452
Provision for credit losses 1,286 119
Amortization of deferred financing fees included in interest expense 1,350 1,361
Write-off of unamortized deferred financing fees 4,296  
Loss on debt extinguishment 1,580  
Loss (gain) on disposal of property, plant and equipment 748 (147)
Mark-to-market adjustments 793 (1,979)
Change in fair value of warrant liabilities 5,215  
Foreign currency transactions 355 190
Deferred income tax (benefit) expense (3,511) (2,239)
Change in operating assets and liabilities:    
Accounts receivable (13,891) (16,622)
Inventories (61,180) (20,548)
Derivative assets and liabilities (14,661) 8,512
Prepaid expense and other assets (14,944) (1,301)
Accounts payable 29,834 16,931
Accrued liabilities and other 7,477 2,867
Net cash used in operating activities (59,534) (8,182)
Cash flows from investing activities:    
Additions to property, plant and equipment (22,966) (12,545)
Additions to intangible assets (135) (244)
Proceeds from sale of property, plant and equipment 3,300 1,060
Net cash used in investing activities (19,801) (11,729)
Cash flows from financing activities:    
Payments on debt (407,384) (74,881)
Proceeds from debt 319,100 90,980
Proceeds from related party debt 11,700  
Debt extinguishment costs (1,580)  
Payment of debt issuance costs (6,007) (597)
Proceeds from de-SPAC merger and PIPE financing 255,737  
Payment of common equity issuance costs (24,220)  
Payment of preferred equity issuance costs (1,250)  
Net proceeds from repurchase agreements 10,951  
Common equivalent preferred dividends (4,380)  
Net unit settlement (477) (162)
Net cash provided by financing activities 152,190 15,340
Effect of exchange rate changes on cash (179) 113
Net increase (decrease) in cash and cash equivalents and restricted cash 72,676 (4,458)
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 95,546 14,194
Supplemental non-cash investing and financing activities:    
Property, plant and equipment acquired but not yet paid 596  
Accumulating preferred dividends 13,882 $ 17,957
Exchange of Redeemable Common Equivalent Preferred Units for Series A Convertible Preferred Shares 271,539  
Exchange of Redeemable Common Equivalent Preferred Units for common shares 24,214  
Related party debt exchanged for common shares 25,000  
Loss on extinguishment of Common Equivalent Preferred Units $ 2,870