Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 19,152 $ 75,789
Accounts receivable 22,624 25,790
Prepaid expenses and other current assets 1,889 11,672
Current assets of discontinued operations (Note 4) 0 4,279
Total current assets 43,665 117,530
Property, plant and equipment, net 788,019 759,650
Other non-current assets 107,974 70,200
Non-current assets of discontinued operations (Note 4) 0 376,649
Total assets 939,658 1,324,029
Current liabilities:    
Accounts payable 55,056 55,548
Accrued and other liabilities 58,323 116,066
Borrowings 47,124 0
Current liabilities of discontinued operations (Note 4) 0 7,584
Total current liabilities 160,503 179,198
Borrowings 87,038 361,402
Finance lease liabilities 120,987 121,450
Other non-current liabilities 16,357 33,951
Non-current liabilities of discontinued operations (Note 4) 0 3,103
Total liabilities 384,885 699,104
Commitments and Contingencies (Note 10)
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: 894,992,962 and 703,739,585 shares outstanding, respectively 8,779 6,866
Additional paid-in capital 1,876,781 1,765,044
Accumulated deficit (1,330,848) (1,147,046)
Total stockholders’ equity 554,773 624,925
Total liabilities and stockholders’ equity $ 939,658 $ 1,324,029