XML 26 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 15 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:          
Net loss $ (10,042) $ (107,882) $ (18,213) $ (108,311)  
(Loss) income from discontinued operations, net of tax (289) 1,153 382 2,471  
Net loss from continuing operations (9,753) (109,035) (18,595) (110,782)  
Adjustments to reconcile net loss from continuing operations to net cash flow from operating activities:          
Depreciation     6,985 8,190  
Impairment of long-lived assets 0 71,500 0 71,500  
Interest expense added to principal     1,212 0  
Deferred income taxes     0 15,038  
Amortization of debt issuance costs     1,405 1,909  
Gain on sale of assets (8) (629) (1,752) (629)  
Remeasurement of environmental liability     0 11,109  
Stock-based compensation expense     1,049 669  
Professional fees paid in common stock     250 0  
Changes in operating assets and liabilities:          
Accounts receivable     2,519 (790)  
Emissions and carbon offset credits     (337) 1,102  
Digital assets     348 0  
Prepaids and other assets     2,689 (2,496)  
Income tax receivable     (59) 0  
Accounts payable     2,101 (663)  
Accrued emissions     38 1,256  
Accrued expenses     (3,285) 7,061  
Income tax payable     0 (2,344)  
Other     2,674 11  
Net cash flow used for operating activities from continuing operations     (2,758) 141  
INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:          
Purchases of and deposits for property and equipment     (7,033) (105,374)  
Proceeds from sale of assets     592 1,136 $ 11,700
Proceeds from sale of marketable securities     0 496  
Net cash flow used for investing activities from continuing operations     (6,441) (103,742)  
FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:          
Proceeds from issuance of common stock, net of issuance costs     11,165 5,869  
Proceeds from stock options exercised     0 14  
Restricted stock unit awards settled in cash for taxes     0 (65)  
Proceeds from debt, net of issuance costs     0 96,605  
Principal payments on debt     (5,304) (17,574)  
Repayments of lease obligations     0 (473)  
Net cash flow provided by financing activities from continuing operations     5,861 84,376  
Discontinued Operations:          
Net cash flow from operating activities of discontinued operations     159 3,014  
Net cash flow from investing activities of discontinued operations     3,325 (6)  
Increase in cash and cash equivalents from discontinued operations     3,484 3,008  
CHANGE IN CASH AND CASH EQUIVALENTS     146 (16,217)  
CASH AND CASH EQUIVALENTS - beginning of year     15,217 82,599  
CASH AND CASH EQUIVALENTS - end of period $ 15,363 $ 66,382 $ 15,363 $ 66,382 $ 15,363