v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net loss $ 1,703 $ (34,790) $ (13,114) $ (47,230)  
Adjustments to reconcile net loss to cash (used in) provided by operating activities:          
Stock based compensation     441 698  
Depreciation, depletion, accretion and amortization     34,643 41,411  
Amortization of debt origination costs     375 296  
Bad debt (recoveries) expense     (115) 10,201  
Gain on disposal of property and equipment     (3,650) (1,599)  
Deferred income taxes     6,612 (20,898)  
Other     449 548  
Changes in assets and liabilities:          
Accounts receivable, net     (22,480) (30,386)  
Receivables from related parties, net     (105) 28,381  
Inventories     366 1,808  
Prepaid expenses and other assets     4,567 5,923  
Accounts payable     (2,132) (1,546)  
Accrued expenses and other liabilities     (7,407) 15,756  
Income taxes payable     912 1,107  
Net cash (used in) provided by operating activities     (638) 4,471  
Cash flows from investing activities:          
Purchases of property and equipment     (3,968) (1,709)  
Proceeds from disposal of property and equipment     7,447 4,632  
Net cash provided by investing activities     3,479 2,923  
Cash flows from financing activities:          
Borrowings on long-term debt     83,000 12,000  
Repayments of long-term debt     (84,241) (30,269)  
Proceeds from sale leaseback transaction     4,589 9,473  
Payments on sale leaseback transaction     (2,094) (1,278)  
Principal payments on financing leases and equipment financing notes     (1,197) (1,140)  
Net cash provided by (used in) financing activities     57 (11,214)  
Effect of foreign exchange rate on cash     (68) 36  
Net change in cash and cash equivalents     2,830 (3,784)  
Cash and cash equivalents at beginning of period     9,899 14,822 $ 14,822
Cash and cash equivalents at end of period $ 12,729 $ 11,038 12,729 11,038 $ 9,899
Supplemental disclosure of cash flow information:          
Cash paid for interest     3,792 2,134  
Cash paid for income taxes, net of refunds received     98 964  
Supplemental disclosure of non-cash transactions:          
Purchases of property and equipment included in accounts payable and accrued expenses     $ 4,733 $ 2,035  

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