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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 67,728 $ 97,825
Restricted cash 7,853 9,492
Accounts receivable, net of allowance for doubtful accounts of $103 and $108, respectively 267,634 137,789
Accounts receivable – related party 2 2
Inventory 61,281 18,942
Derivative assets 1,501 347
Income tax receivable 0 6,424
Prepayments and other current assets 2,007 2,389
Total current assets 408,006 273,210
Property and equipment, net 84,528 88,036
Operating lease right-of-use assets, net 6,437 7,113
Intangible assets, net 2,938 3,317
Other assets 2,714 3,027
Total assets 504,623 374,703
Current liabilities:    
Accounts payable 289,381 168,224
Derivative liabilities 848 324
Current portion of finance lease obligations 4,308 3,663
Current portion of operating lease liabilities 2,228 2,178
Other current liabilities 14,207 11,622
Total current liabilities 310,972 186,011
Other long-term liabilities:    
Asset retirement obligations 2,406 2,376
Finance lease obligations 8,609 9,672
Operating lease liabilities 4,205 4,938
Deferred taxes and other liabilities 10,979 11,320
Total liabilities 337,171 214,317
Commitments and contingencies (Note 14)
Shareholders’ equity:    
Preferred stock - $1.00 par value, 960,000 shares authorized, none outstanding 0 0
Common stock - $0.10 par value, 7,500,000 shares authorized, 4,378,316 and 4,355,001 shares outstanding, respectively 436 433
Contributed capital 17,541 16,913
Retained earnings 149,475 143,040
Total shareholders’ equity 167,452 160,386
Total liabilities and shareholders’ equity $ 504,623 $ 374,703