Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (210,696) $ (151,767) $ (125,745)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation, depletion and amortization 17,228 20,446 1,567
Amortization of debt issuance costs, discounts and fees 28,741 10,148 267
Share-based compensation 2,699 4,238 5,126
Severance and reorganization charges 2,689 0 0
Share-based payments 562 869 0
Interest elected to be paid-in-kind 3,317 0 0
Impairment charge and loss on transfer of assets 81,065 0 4,513
Gain on sale of assets 0 (4,218) 0
Unrealized loss (gain) on financial instruments not designated as hedges 2,618 (3,443) 0
Other 3,378 (459) 0
Net changes in working capital (Note 16) (1,566) 11,178 10,520
Net cash used in operating activities (69,965) (113,008) (103,752)
Cash flows from investing activities:      
Acquisition and development of natural gas properties (1,307) (45,354) (8,356)
Acquisition of engineering services 0 (25,997) (10,000)
Proceeds from sale of assets 0 8,140 167
Purchase of property and equipment 0 (2,732) (3,498)
Net cash used in investing activities (1,307) (65,943) (21,687)
Cash flows from financing activities:      
Proceeds from common stock issuances 103,664 0 133,800
Equity issuance costs (3,989) 0 (4,090)
Proceeds from borrowings 50,000 75,000 59,400
Borrowings issuance costs (2,612) (2,246) (2,621)
Borrowings principal repayments (60,100) 0 0
Proceeds from warrant exercise 1,000 0 0
Tax payments for net share settlements of equity awards (Note 16) (1,659) (6,686) (5,734)
Finance lease principal payments (1,777) (2,224) 0
Net cash provided by financing activities 84,527 63,844 180,755
Net increase (decrease) in cash, cash equivalents and restricted cash 13,255 (115,107) 55,316
Cash, cash equivalents and restricted cash, beginning of period 68,482 183,589 128,273
Cash, cash equivalents and restricted cash, end of period 81,737 68,482 183,589
Supplementary disclosure of cash flow information:      
Interest paid $ 11,025 $ 8,414 $ 1,174