Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 8,311 $ (167,804)
Less: Net income (loss) from discontinued operations, net of income taxes 45,581 (5,081)
Net loss from continuing operations (37,270) (162,723)
Adjustments to reconcile net loss from continuing operations to net cash (used in) provided by operating activities:    
Stock based compensation 412 391
Depreciation, depletion, amortization and accretion 4,923 6,194
Amortization of debt origination costs 354 620
Change in provision for expected credit losses (23) 170,698
Gains on disposal of assets, net (4,549) (1,446)
Impairment of long-lived assets 31,669 0
Deferred income taxes (2,089) 3,722
Other 273 1,099
Changes in assets and liabilities:    
Accounts receivable, net (934) 38,319
Inventories 531 859
Prepaid expenses and other assets 3,307 5,998
Accounts payable (1,977) (3,575)
Income taxes payable 3,440 (17,692)
Net cash (used in) provided by operating activities from continuing operations (6,502) 37,835
Net cash (used in) provided by operating activities from discontinued operations (3,311) 2,693
Net cash (used in) provided by operating activities (9,813) 40,528
Cash flows from investing activities:    
Purchases of property, plant and equipment (27,325) (906)
Proceeds from disposal of property, plant and equipment 4,942 3,470
Net cash (used in) provided by investing activities from continuing operations (22,383) 2,564
Net cash provided by (used in) investing activities from discontinued operations 111,249 (7,086)
Net cash provided by (used in) investing activities 88,866 (4,522)
Cash flows from financing activities:    
Payments on financing transaction 0 (46,837)
Principal payments on financing leases and equipment financing notes (263) (223)
Debt issuance costs 0 (37)
Net cash used in financing activities from continuing operations (263) (47,097)
Net cash used in financing activities from discontinued operations (3,838) (2,891)
Net cash used in financing activities (4,101) (49,988)
Effect of foreign exchange rate on cash 113 (50)
Net increase (decrease) in cash, cash equivalents and restricted cash 75,065 (14,032)
Cash, cash equivalents and restricted cash at beginning of period 82,326 24,298
Cash, cash equivalents and restricted cash at end of period 157,391 10,266
Cash, cash equivalents and restricted cash at end of period 157,391 10,266
Cash, cash equivalents and restricted cash of discontinued operations at end of period (88) (120)
Cash, cash equivalents and restricted cash of continuing operations 157,303 10,146
Supplemental disclosure of cash flow information:    
Cash paid for interest 389 558
Cash paid for income taxes, net of refunds received 396 649
Supplemental disclosure of non-cash transactions:    
Purchases of property, plant and equipment included in accounts payable and accrued expenses 151 170
Right-of-use assets obtained for financing lease liabilities 27 76
Nonrelated Party    
Changes in assets and liabilities:    
Accrued expenses and other liabilities (4,569) (7,657)
Related Parties    
Changes in assets and liabilities:    
Accrued expenses and other liabilities 0 3,028
Supplemental disclosure of non-cash transactions:    
Interest paid in kind - related parties $ 0 $ 4,269