v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (135,031) $ (18,616)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 62,267 11,182
Provision for credit losses and inventory 195 274
Stock-based compensation expense 1,777 2,629
Stock-based sales incentive charges 17,338 12,897
Change in fair value of derivative instruments 557 (1,622)
Amortization of debt issuance cost 1,265 1,131
Amortization of discounts and Section 30C tax credit (1,214) (2,079)
Loss on disposal of property and equipment 2,805 64
Impairment of goodwill 64,328 0
Loss from equity method investments 7,044 5,398
Non-cash lease expense 1,822 2,178
Deferred income taxes (2,955) (201)
Accretion of ARO liabilities 100 81
Changes in operating assets and liabilities:    
Accounts and other receivables 15,335 12,574
Inventory (1,957) (3,965)
Prepaid expenses and other assets 29 (735)
Operating lease liabilities (2,002) (1,593)
Accounts payable (4,708) (11,744)
Deferred revenue 933 2,832
Accrued liabilities and other (4,500) (8,095)
Net cash provided by operating activities 23,428 2,590
Cash flows from investing activities:    
Purchases of short-term investments (363,240) (158,306)
Maturities and sales of short-term investments 384,325 159,072
Payment and deposits on equipment and manure rights for ADG RNG production projects (11,100) (808)
Purchases of and deposits on property and equipment (7,490) (18,208)
Grant proceeds for capital projects 0 652
Proceeds received for joint development and construction of station projects 1,385 663
Disbursements for loans receivable (1,500) (3,500)
Proceeds from paydowns, maturities, and sales of loans receivable 19 253
Proceeds from settlement of insurance claims 0 314
Proceeds from disposal of property and equipment 4,998 18
Net cash (used in) investing activities 7,397 (19,850)
Cash flows from financing activities:    
Issuance of common stock 52 36
Repurchase of common stock (391) 0
Payment of tax withholdings on net settlement of equity awards (498) (304)
Fees paid for lender and debt issuance costs 0 (575)
Proceeds for Adopt-A-Port program 0 3,390
Repayment of proceeds for Adopt-A-Port program (831) (381)
Repayments of debt instruments and finance lease obligations (256) (334)
Net cash provided by (used in) financing activities (1,924) 1,832
Effect of exchange rates on cash, cash equivalents and restricted cash 216 (123)
Net (decrease) increase in cash, cash equivalents and restricted cash 29,117 (15,551)
Cash, cash equivalents and restricted cash, beginning of period 91,562 106,963
Cash, cash equivalents and restricted cash, end of period 120,679 91,412
Supplemental disclosure of cash flow information:    
Income taxes paid 2 13
Interest paid, net of $661 and $954 capitalized, respectively 1,262 6,472
Supplemental disclosure of non-cash financing activity:    
Interest paid-in-kind $ 5,000 $ 0

Source

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