XML 47 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net loss $ (29,510) $ (271,068)
Loss from discontinued operations, net of tax (471) (1,327)
Net loss from continuing operations (29,039) (269,741)
Adjustments to reconcile net loss from continuing operations to net cash flow from operating activities:    
Depreciation and amortization 13,602 35,136
Deferred income taxes 0 15,055
Impairment of long-lived assets 4,000 176,307
Other non-cash affecting net income 0 2,097
Amortization of debt issuance costs 2,611 3,946
Loss on debt extinguishment 591 0
Stock-based compensation expense 2,344 2,636
Remeasurement of environmental liability 2,409 16,694
Professional fees paid in common stock 250 0
Gain on sale of assets (9,903) (1,780)
Changes in operating assets and liabilities:    
Accounts receivable 2,338 (2,459)
Digital Assets 1 0
Emissions and carbon offset credits (4,434) 1,101
Prepaid expenses and other assets 2,829 1,218
Accounts payable (2,748) (48)
Accrued emissions expense 4,468 3,418
Accrued expenses (3,407) 4,644
Income taxes payable and receivable (59) (3,142)
Other long-term liabilities 2,543 0
Other (551) 433
Net cash flow used for by operating activities from continuing operations (12,155) (14,485)
INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of and deposits for property and equipment (13,015) (132,950)
Proceeds from sale of assets 6,984 11,100
Proceeds from sale of short term investments 0 496
Net cash flow used for investing activities from continuing operations (6,031) (121,354)
FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from issuance of common stock, net of issuance costs 20,581 9,531
Proceeds from stock options exercised 0 14
Restricted stock unit awards settled in cash for taxes 0 (227)
Proceeds from debt, net of issuance costs 0 107,105
Principal payments on debt (6,809) (53,923)
Repayments of finance lease obligations 0 (363)
Net cash flow provided by financing activities from continuing operations 13,772 62,137
Discontinued Operations:    
Net cash flow from operating activities of discontinued operations (816) 6,320
Net cash flow from investing activities of discontinued operations 3,325 0
Increase in cash and cash equivalents from discontinued operations 2,509 6,320
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,905) (67,382)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - beginning of year 15,217 82,599
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - end of year $ 13,312 $ 15,217