XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (23,673) $ (4,326)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,548 5,874
Equity-based compensation 2,455 1,548
Provision for credit losses 441 497
Amortization of deferred financing fees included in interest expense 1,050 453
Loss on disposal of property, plant and equipment 2 896
Mark-to-market adjustments (1,640) (1,236)
Change in fair value of warrant liabilities (41) (5,529)
Foreign currency transactions 245 307
Deferred income tax expenses (benefit) 5,815 (4,359)
Other 343 259
Change in operating assets and liabilities:    
Accounts receivable 8,397 (14,048)
Inventories 8,907 6,626
Derivative assets and liabilities 1,302 (76)
Prepaid expense and other assets 494 (9,510)
Accounts payable (18,038) (10,756)
Accrued liabilities and other 14,372 8,249
Net cash provided by (used in) operating activities 7,979 (25,131)
Cash flows from investing activities:    
Additions to property, plant and equipment (68,914) (19,625)
Additions to intangible assets (43) (41)
Acquisition of business, net of cash acquired   (2,392)
Proceeds from sale of property, plant and equipment 21 30
Net cash used in investing activities (68,936) (22,028)
Cash flows from financing activities:    
Payments on debt (100,462) (56,358)
Proceeds from debt 73,813 106,706
Payments on supply chain financing program (38,980)  
Proceeds from supply chain financing program 39,610  
Proceeds from convertible notes payable 72,000  
Payment of debt issuance costs (2,934) (405)
Net proceeds from (repayments of) repurchase agreements (4,933) (4,418)
Proceeds from exercise of stock options   63
Proceeds from exercise of Public Warrants   2,632
Payment for taxes for net share settlement of equity awards (1,141) (1,841)
Net cash provided by financing activities 36,973 46,379
Effect of exchange rate changes on cash (80) (55)
Net decrease in cash and cash equivalents and restricted cash (24,064) (835)
Cash and cash equivalents and restricted cash at beginning of period 37,840 26,405
Cash and cash equivalents and restricted cash at end of period 13,776 25,570
Supplemental non-cash investing and financing activities:    
Property, plant and equipment acquired but not yet paid $ 17,508 $ 4,168