Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 59,279 $ 474,205
Accounts receivable 23,700 76,731
Prepaid expenses and other current assets 13,083 23,355
Total current assets 96,062 574,291
Property, plant and equipment, net 1,098,699 789,076
Other non-current assets 71,009 63,316
Total assets 1,265,770 1,426,683
Current liabilities:    
Accrued and other liabilities 118,682 129,180
Borrowings 0 163,556
Total current liabilities 156,038 297,541
Long-term liabilities:    
Borrowings 372,386 382,208
Finance lease liabilities 121,675 49,963
Other non-current liabilities 45,474 24,428
Total long-term liabilities 539,535 456,599
Commitments and Contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100,000,000 authorized: 6,123,782 and 6,123,782 shares outstanding, respectively 61 61
Common stock, $0.01 par value, 1,600,000,000 authorized: 601,337,236 and 564,567,568 shares outstanding, respectively 5,842 5,456
Additional paid-in capital 1,697,693 1,647,896
Accumulated deficit (1,133,399) (980,870)
Total stockholders’ equity 570,197 672,543
Total liabilities and stockholders’ equity 1,265,770 1,426,683
Nonrelated Party    
Current liabilities:    
Accounts payable 37,301 4,805
Related Party    
Current liabilities:    
Accounts payable $ 55 $ 0