Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 51,804 $ 75,789
Accounts receivable 17,965 25,790
Prepaid expenses and other current assets 3,894 15,951
Total current assets 73,663 117,530
Property, plant and equipment, net 1,124,087 1,136,299
Other non-current assets 68,925 70,199
Total assets 1,266,675 1,324,028
Current liabilities:    
Accounts payable 55,291 55,548
Accrued and other liabilities 79,189 123,650
Borrowings 25,000 0
Total current liabilities 159,480 179,198
Long-term liabilities:    
Borrowings 316,221 361,402
Finance lease liabilities 121,221 121,450
Other non-current liabilities 24,230 37,054
Total long-term liabilities 461,672 519,906
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: 801,955,169 and $703,739,585 shares outstanding, respectively 7,848 6,866
Additional paid-in capital 1,828,675 1,765,044
Accumulated deficit (1,191,061) (1,147,047)
Total stockholders’ equity 645,523 624,924
Total liabilities and stockholders’ equity $ 1,266,675 $ 1,324,028