Current report filing

SUPPLEMENTAL CASH FLOW INFORMATION

v3.22.4
SUPPLEMENTAL CASH FLOW INFORMATION
12 Months Ended
Dec. 31, 2021
Supplemental Cash Flow Information [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 18 — SUPPLEMENTAL CASH FLOW INFORMATION

The following table provides information regarding the net changes in working capital (in thousands):

Year Ended December 31,

    

2021

    

2020

    

2019

Accounts receivable

$

(4,770)

$

506

$

(3,508)

Prepaid expenses and other current assets

 

(2,536)

 

6,915

 

1,147

Accounts payable

 

(5,514)

 

(1,069)

 

(699)

Accounts payable due to related parties

 

(910)

 

910

 

Accrued liabilities

 

55,884

 

(6,842)

 

18,167

Other, net

 

(1,137)

 

(1,986)

 

(3,929)

Net changes in working capital

$

41,017

$

(1,566)

$

11,178

The following table provides supplemental disclosure of cash flow information (in thousands):

Year Ended December 31,

    

2021

    

2020

    

2019

Non-cash accruals of property, plant and equipment and other non-current assets

$

56,305

 

8,370

 

11,759

Non-cash settlement of Final Payment Fee

 

 

8,539

 

Future proceeds from sale of Magellan Petroleum UK

 

 

 

1,384

Tradable equity securities

 

 

 

5,069

Non-cash settlement of withholding taxes associated with the 2019 and 2018 bonus paid and vesting of certain awards, respectively

 

3,064

 

1,659

 

6,686

Non-cash settlement of the 2019 and 2018 bonus paid, respectively

 

5,430

 

7,602

 

18,396

Asset retirement obligation additions and revisions

 

76

 

 

182

For the year ended December 31, 2020, the statement of cash flows reflects approximately $78.5 million and $2.1 million in non-cash movements related to the 2019 Term Loan and the Replacement Warrant, respectively. For the year ended December 31, 2019,

the statement of cash flows reflects a non-cash movement of approximately $0.4 million associated with funds deposited in escrow in December 2018 that were cleared in March 2019 for the purchase of land.

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of such amounts shown in the Consolidated Statements of Cash Flows (in thousands):

Year Ended December 31,

    

2021

    

2020

    

2019

Cash and cash equivalents

$

305,496

 

78,297

 

64,615

Non-current restricted cash

 

1,778

 

3,440

 

3,867

Total cash, cash equivalents and restricted cash in the statement of cash flows

$

307,274

$

81,737

$

68,482