Quarterly report pursuant to Section 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, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (66,642) $ (57,583)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 9,875 4,985
Amortization of debt issuance costs, discounts and fees 580 3,061
Share-based compensation 1,718 3,129
Share-based payments 616 0
Interest elected to be paid-in-kind 0 508
Loss on financial instruments not designated as hedges 13,472 927
Net gain on extinguishment of debt 0 (1,422)
Other 555 562
Net changes in working capital (43,672) 14,879
Net cash used in operating activities (83,498) (30,954)
Cash flows from investing activities:    
Development of natural gas properties (66,500) (6,139)
Payment of construction costs (68,725) 0
Land purchases and land improvements (17,425) (611)
Investment in unconsolidated entity (6,089) 0
Net cash used in investing activities (158,739) (6,750)
Cash flows from financing activities:    
Proceeds from common stock issuances 309,021 188,040
Equity issuance costs (9,281) (5,677)
Borrowing proceeds 501,178 0
Borrowing issuance costs (11,488) 0
Borrowing principal repayments 0 (119,725)
Tax payments for net share settlement of equity awards (Note 15) 0 (2,990)
Proceeds from warrant exercises 0 8,177
Other (3,063) (1)
Net cash provided by financing activities 786,367 67,824
Net increase in cash, cash equivalents and restricted cash 544,130 30,120
Cash, cash equivalents and restricted cash, beginning of period 307,274 81,738
Cash, cash equivalents and restricted cash, end of period 851,404 111,858
Supplementary disclosure of cash flow information:    
Interest paid $ 4,928 $ 3,099