XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net loss $ (90,098) $ (32,707)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 8,715 1,414
Gain on change in fair value of SAFE and warrant liabilities (4,663) (766)
Loss on change in fair value of the prepaid forward contract and the Fixed Maturity Consideration 33,029 0
Provision for losses on trade and other receivables 800 0
Depreciation of property, plant and equipment 2,605 2,222
Amortization of discount on debt security investment (508) 0
Non-cash lease expense 387 886
Non-cash recognition of licensing revenue (1,136) (1,080)
Loss (gain) from equity method investees, net 478 (2,813)
Net foreign exchange loss (gain) 194 (605)
Changes in operating assets and liabilities:    
Accounts receivable, net 3,129 (3,296)
Contract assets (3,668) (3,807)
Accrued interest on debt investment (93) 0
Other assets (8,942) (4,638)
Accounts payable and accrued salaries and wages 1,881 4,077
Contract liabilities (150) (237)
Operating lease liabilities (19) (996)
Other liabilities (1,057) (159)
Net cash used in operating activities (59,116) (42,505)
Cash Flows From Investing Activities:    
Purchase of property, plant and equipment (5,318) (4,894)
Purchase of debt securities (49,103) 0
Forward purchase option derivative purchase, net of transaction costs (60,096) 0
Purchase of additional interest in equity method investment (288) 0
Origination of related party loan (5,212) 0
Net cash used in investing activities (120,017) (4,894)
Cash Flows From Financing Activities:    
Proceeds from issue of equity instruments of the Company 0 7
Proceeds from the Business Combination and PIPE, net of transaction expenses (Note 3) 213,381 0
Proceeds from exercise of options 1,077 0
Repurchase of equity instruments of the Company (7,650) 0
Net cash provided by financing activities 206,808 7
Net increase (decrease) in cash, cash equivalents and restricted cash 27,675 (47,392)
Cash, cash equivalents and restricted cash at beginning of period 83,710 128,732
Effects of currency translation on cash, cash equivalents and restricted cash 4 (71)
Cash, cash equivalents and restricted cash at end of period 111,389 81,269
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of property, plant and equipment under accounts payable 125 713
Reclassification of capitalized costs related to the business combination to equity 1,514 0
Cashless conversion of warrants on preferred shares 5,890 0
Recognition of public and private warrant liabilities in the Business Combination 4,624 0
Reclassification of AM SAFE warrant to equity 1,800 0
Conversion of AM SAFE liability into common stock 29,730 0
Conversion of Legacy LanzaTech NZ, Inc. preferred stock and in-kind dividend into common stock 722,160 0
Reclassification of Shortfall warrant to equity $ 3,063 $ 0