v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net loss $ 7,726 $ (40,901) $ (5,388) $ (88,131)  
Adjustments to reconcile net loss to cash used in operating activities:          
Stock based compensation     682 950  
Depreciation, depletion, accretion and amortization     50,485 60,559  
Amortization of debt origination costs     588 469  
Bad debt (recoveries) expense     (112) 41,650  
Gains on disposal of assets     (3,738) (4,632)  
Gains from sales of equipment damaged or lost down-hole     (607) 0  
Impairment of other long-lived assets     0 547  
Deferred income taxes     8,557 (32,183)  
Other     104 502  
Changes in assets and liabilities:          
Accounts receivable, net     (55,472) (50,666)  
Receivables from related parties, net     (298) 28,224  
Inventories     35 2,582  
Prepaid expenses and other assets     7,613 9,947  
Accounts payable     9,472 2,599  
Accrued expenses and other liabilities     (20,777) 6,627  
Income taxes payable     2,790 5,192  
Net cash used in operating activities     (6,066) (15,764)  
Cash flows from investing activities:          
Purchases of property and equipment     (9,099) (4,474)  
Proceeds from disposal of property and equipment     8,659 9,581  
Net cash (used in) provided by investing activities     (440) 5,107  
Cash flows from financing activities:          
Borrowings on long-term debt     142,475 31,700  
Repayments of long-term debt     (134,674) (33,571)  
Proceeds from sale leaseback transaction     4,589 9,473  
Payments on sale leaseback transaction     (3,249) (2,106)  
Principal payments on financing leases and equipment financing notes     (1,753) (1,716)  
Net cash provided by financing activities     7,388 3,780  
Effect of foreign exchange rate on cash     (164) 8  
Net change in cash and cash equivalents     718 (6,869)  
Cash and cash equivalents at beginning of period     9,899 14,822 $ 14,822
Cash and cash equivalents at end of period $ 10,617 $ 7,953 10,617 7,953 $ 9,899
Supplemental disclosure of cash flow information:          
Cash paid for interest     6,316 3,236  
Cash paid for income taxes, net of refunds received     97 978  
Supplemental disclosure of non-cash transactions:          
Purchases of property and equipment included in accounts payable and accrued expenses     $ 3,837 $ 2,028  

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