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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss including noncontrolling interests in subsidiaries $ (20,675) $ (6,570)
Adjustments to reconcile net loss including noncontrolling interests in subsidiaries to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 21,735 10,152
Accretion of asset retirement obligation 620 0
Change in fair value of Series A redeemable convertible preferred stock embedded derivatives 0 (3,954)
Change in fair value of Series B warrants 0 (2,762)
Gain on exercise of Series B warrants 0 (1,525)
Compensation expense for share-based awards 2,530 2,324
Loss (gain) on foreign currency exchange 72 (25)
Change in fair value of equity securities 35,519 (18,783)
(Gain) loss on sale of equity securities (28,861) 9,360
Earnings on equity investment in joint venture 0 (3,375)
Unrealized gain on derivatives (3,918) 0
Deferred income taxes (5,509) (1,063)
Changes in assets and liabilities:    
Accounts receivable 69,710 2,982
Inventories (1,297) 1,847
Prepaid expenses and other assets (3,373) (1,395)
Accounts payable and accrued expenses 8,129 (5,623)
Royalties and contingent legal fees payable (4,593) 597
Deferred revenue 295 (149)
Net cash provided by (used in) operating activities 70,384 (17,962)
Cash flows from investing activities:    
Patent acquisition (14,000) 0
Purchases of equity securities (15,544) (8,678)
Sales of equity securities 57,854 15,198
Distributions received from equity investment in joint venture 0 2,249
Net purchases of property and equipment and additions to oil and gas properties (145,377) (152)
Net cash (used in) provided by investing activities (117,067) 8,617
Cash flows from financing activities:    
Repurchase of common stock (7,303) 0
Repayments of secured debt 0 (60,000)
Contributions from noncontrolling interest 15,250 0
Borrowings on the Revolving credit facility 71,475 0
Paydown of Revolving Credit Facility (12,000) 0
Dividend on Series A Redeemable Convertible Preferred Stock 0 (1,400)
Taxes paid related to net share settlement of share-based awards (1,068) (595)
Proceeds from exercise of stock options 223 235
Net cash provided by financing activities 66,577 66,351
Effect of exchange rates on cash and cash equivalents 65 (59)
Increase in cash and cash equivalents 19,959 56,947
Cash and cash equivalents, beginning 340,091 287,786
Cash and cash equivalents, ending 360,050 344,733
Supplemental schedule of cash flow information:    
Interest paid 2,707 2,380
Income taxes paid 460 722
Noncash investing and financing activities:    
Distribution to noncontrolling interests in subsidiaries 0 1,126
Rights Offering    
Cash flows from financing activities:    
Proceeds from Warrant Exercises 0 79,111
Series B    
Cash flows from financing activities:    
Proceeds from Warrant Exercises $ 0 $ 49,000