v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (155,439,000) $ (35,083,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 72,229,000 22,446,000
Provision for credit losses and inventory 991,000 628,000
Stock-based compensation expense 4,180,000 5,491,000
Stock-based sales incentive charges 34,734,000 26,976,000
Change in fair value of derivative instruments 1,101,000 (1,683,000)
Amortization of debt issuance costs 2,589,000 2,306,000
Amortization of discounts and Section 30C tax credit (2,285,000) (3,545,000)
Loss on disposal of property and equipment 2,791,000 497,000
Impairment of goodwill 64,328,000 0
Loss from equity method investments 13,574,000 11,193,000
Non-cash lease expense 3,779,000 4,516,000
Deferred income taxes (2,905,000) 534,000
Accretion of ARO liabilities 202,000 180,000
Changes in operating assets and liabilities:    
Accounts and other receivables 30,071,000 4,177,000
Inventory (2,765,000) (4,714,000)
Prepaid expenses and other assets (551,000) 5,599,000
Operating lease liabilities (3,823,000) (2,977,000)
Accounts payable (6,078,000) (17,276,000)
Deferred revenue 1,927,000 2,820,000
Accrued liabilities and other 679,000 (730,000)
Net cash provided by operating activities 59,329,000 21,355,000
Cash flows from investing activities:    
Purchases of short-term investments (520,812,000) (408,899,000)
Maturities and sales of short-term investments 542,325,000 444,337,000
Payment and deposits on equipment and manure rights for ADG RNG production projects (20,851,000) (4,259,000)
Purchases of and deposits on property and equipment (12,447,000) (32,147,000)
Grant proceeds for capital projects 0 952,000
Proceeds received for joint development and construction of station projects 2,490,000 1,028,000
Disbursements for loans receivable (2,400,000) (5,397,000)
Proceeds from paydowns, maturities, and sales of loans receivable 40,000 272,000
Investments in other entities 0 (165,000)
Proceeds from settlement of insurance claims 0 314,000
Proceeds from disposal of property and equipment 5,008,000 42,000
Net cash used in investing activities (6,647,000) (3,922,000)
Cash flows from financing activities:    
Issuance of common stock 52,000 36,000
Repurchase of common stock (7,938,000) 0
Payment of tax withholdings on net settlement of equity awards (498,000) (304,000)
Fees paid for lender and debt issuance costs 0 (845,000)
Proceeds for Adopt-A-Port program 465,000 3,390,000
Repayment of proceeds for Adopt-A-Port program (1,708,000) (792,000)
Repayments of debt instruments and finance lease obligations (574,000) (625,000)
Net cash provided by (used in) financing activities (10,201,000) 860,000
Effect of exchange rates on cash, cash equivalents and restricted cash 160,000 (114,000)
Net increase in cash, cash equivalents and restricted cash 42,641,000 18,179,000
Cash, cash equivalents and restricted cash, beginning of period 91,562,000 106,963,000
Cash, cash equivalents and restricted cash, end of period 134,203,000 125,142,000
Supplemental disclosure of cash flow information:    
Income taxes paid 22,000 48,000
Interest paid, net of $1,229 and $2,003 capitalized, respectively 2,661,000 13,216,000
Supplemental disclosure of non-cash financing activity:    
Interest paid-in-kind $ 10,000,000 $ 0

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