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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (31,137) $ (10,524)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 12,055 11,966
Equity-based compensation 3,857 479
Paid-in-kind interest added to debt principal   294
Provision for credit losses 653 922
Amortization of deferred financing fees included in interest expense 988 1,046
Loss on disposal of property, plant and equipment 896 289
Mark-to-market adjustments (2,205) 250
Change in fair value of warrant liabilities 6,272  
Foreign currency transactions 907 91
Deferred income tax (benefit) expense 1,881 (3,083)
Other 992  
Change in operating assets and liabilities:    
Accounts receivable 649 (11,137)
Inventories (6,874) (53,663)
Derivative assets and liabilities 693 (10,743)
Prepaid expense and other assets (8,529) (14,257)
Accounts payable (24,080) 37,278
Accrued liabilities and other 7,314 3,818
Net cash used in operating activities (35,668) (46,974)
Cash flows from investing activities:    
Additions to property, plant and equipment (55,745) (15,163)
Additions to intangible assets (95) (48)
Acquisition of business, net of cash acquired (2,392)  
Proceeds from sale of property, plant and equipment 57 2,248
Net cash used in investing activities (58,175) (12,963)
Cash flows from financing activities:    
Payments on debt (79,795) (51,665)
Proceeds from debt 156,118 107,423
Proceeds from supply chain financing program 29,026  
Payment of debt issuance costs (2,582)  
Net repayments from repurchase agreements (5,236)  
Proceeds from exercise of stock options 63  
Proceeds from exercise of Public Warrants 2,632  
Payment for purchase of non-controlling interest (2,000)  
Payment for taxes for net share settlement of equity awards (1,841) (477)
Net cash provided by financing activities 96,385 55,281
Effect of exchange rate changes on cash (165) (29)
Net increase (decrease) in cash and cash equivalents and restricted cash 2,377 (4,685)
Cash and cash equivalents and restricted cash at beginning of period 26,405 22,870
Cash and cash equivalents and restricted cash at end of period 28,782 18,185
Supplemental non-cash investing and financing activities:    
Property, plant and equipment acquired but not yet paid 17,958 372
Issuance of common shares related to Public Warrant exercise 3,144  
Issuance of common shares related to acquisitions 446  
Issuance of common shares related to conversion of Series A Preferred Shares 254  
Issuance of common shares related to purchase of non-controlling interest 475  
Accretion of convertible preferred shares $ 341  
Accumulating preferred dividends   $ 13,882