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
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (80,875) $ (73,515)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 22,735 8,720
Amortization of debt issuance costs, discounts and fees 1,494 3,061
Share-based compensation 2,753 4,577
Share-based payments 678 0
Interest elected to be paid-in-kind 0 508
Loss on financial instruments not designated as hedges 13,553 927
Gain on extinguishment of debt, net 0 (1,422)
Other 745 800
Net changes in working capital (Note 15) (26,802) 17,174
Net cash used in operating activities (65,719) (39,170)
Cash flows from investing activities:    
Acquisition and development of natural gas properties (236,558) (23,416)
Driftwood Project construction costs (117,793) 0
Land purchases and land improvements (19,412) (1,000)
Investments in unconsolidated entities (11,089) 0
Other (1,278) 0
Net cash used in investing activities (386,130) (24,416)
Cash flows from financing activities:    
Proceeds from common stock issuances 309,021 319,998
Equity issuance costs (9,281) (10,893)
Borrowing proceeds 501,178 0
Borrowing issuance costs (11,487) 0
Borrowing principal repayments 0 (119,725)
Tax payments for net share settlement of equity awards (Note 15) 0 (3,064)
Proceeds from warrant exercises 0 8,177
Other (98) (1,833)
Net cash provided by financing activities 789,333 192,660
Net increase in cash, cash equivalents and restricted cash 337,484 129,074
Cash, cash equivalents and restricted cash, beginning of period 307,274 81,738
Cash, cash equivalents and restricted cash, end of period 644,758 210,812
Supplementary disclosure of cash flow information:    
Interest paid $ 11,152 $ 3,299