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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (includes $10,045 and $1,991 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) $ 25,286 $ 39,314
Accounts receivable, net (includes $1,129 and $40 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) 36,660 25,391
Restricted cash - current (includes $7,623 and $— at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) 41,419
Short term investments ( includes $15,411 and $— at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) 146,936
Fuel tax credits receivable 3,442 2,393
Contract assets 14,676 8,484
Parts inventory 6,570 5,143
Environmental credits held for sale 1,224 386
RNG inventory 2,094  
Prepaid expense and other current assets (includes $268 and $113 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) 6,513 5,482
Derivative financial assets, current portion 1,435 382
Total current assets 286,255 86,975
Capital spares 3,333 3,025
Property, plant, and equipment, net (includes $50,099 and $27,794 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) 250,355 169,770
Investment in other entities 48,708 47,150
Note receivable 9,200
Note receivable - variable fee component 1,865 1,656
Deferred financing costs 3,522 2,370
Other long-term assets 489 489
Intangible assets, net 2,266 2,861
Restricted cash - non-current (includes $2,867 and $1,163 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) [1] 4,655 2,740
Goodwill 54,608 54,608
Total assets 656,056 380,844
Current liabilities:    
Accounts payable (includes $2,783 and $544 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) 5,798 12,581
Accounts payable, related party 489 166
Fuel tax credits payable 2,668 1,978
Accrued payroll 5,266 7,652
Accrued capital expenses (includes $1,493 and $1,722 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) 9,284 5,517
Accrued expenses and other current liabilities 16,063 7,220
Contract liabilities 6,750 9,785
Senior Secured Credit Facility - term loan, current portion, net of debt issuance costs 70,179 73,145
Senior Secured Credit Facility - working capital facility, current portion 7,500 7,500
OPAL Term Loan, current portion 28,432 13,425
Sunoma loan, current portion (includes $— and $756 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) 756
Convertible Note Payable 27,964
Municipality loan 121 194
Derivative financial liability, current portion 4,648 992
Other current liabilities 832 374
Asset retirement obligation, current portion 1,586 831
Total current liabilities 187,580 142,116
Asset retirement obligation, non-current portion 4,382 4,907
OPAL Term Loan 60,816 59,090
Convertible Note Payable 58,710
Sunoma loan, net of debt issuance costs (includes $22,080 and $16,199 at September 30, 2022 and December 31, 2021, respectively, related to consolidated VIEs) 22,080 16,199
Municipality loan 84
Derivative warrant liabilities 22,410
Earn out liabilities 39,500
Other long-term liabilities 597 4,781
Total liabilities 337,365 285,887
Commitments and contingencies
Redeemable preferred non-controlling interests 135,303 30,210
Redeemable non-controlling interests 1,222,657 63,545
Stockholders’ (deficit) equity    
Class A common stock, $0.0001 par value, 337,852,251 shares authorized as of September 30, 2022; 25,671,390 and 0 shares, issued and outstanding at September 30, 2022 and December 31, 2021, respectively 2
Class B common stock, $0.0001 par value, 157,498,947 shares authorized as of September 30, 2022; None issued and outstanding as of September 30, 2022 and December 31, 2021
Class C common stock, $0.0001 par value, 154,309,729 shares authorized as of September 30, 2022; None issued and outstanding as of September 30, 2022 and December 31, 2021  
Class D common stock, $0.0001 par value, 154,309,729 shares authorized as of September 30, 2022; 144,399,037 issued and outstanding at September 30, 2022 and December 31, 2021 14 14
Additional paid-in capital
Accumulated deficit (1,066,137)  
Accumulated other comprehensive income 178
Total Stockholders’ (deficit) equity attributable to the Company (1,065,943) 14
Non-redeemable non-controlling interests 26,674 1,188
Total Stockholders’ (deficit) equity (1,039,269) 1,202
Total liabilities, Redeemable preferred, Redeemable non-controlling interests and Stockholders’ (deficit) equity $ 656,056 $ 380,844
[1] Restricted cash held as collateral represents the collateral requirements on our debt facilities.