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, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (49,810) $ (114,738) $ (210,696)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation, depletion and amortization 44,357 11,481 17,228
Amortization of debt issuance costs, discounts and fees 2,424 3,102 28,741
Share-based compensation 3,633 5,950 2,699
Share-based payments 678 200 562
Severance and reorganization charges 0 0 2,689
Interest elected to be paid-in-kind 0 508 3,317
Impairment charge and loss on transfer of assets 0 0 81,065
Unrealized (gain) loss on financial instruments not designated as hedges (9,073) (8,693) 2,618
Net gain on extinguishment of debt 0 (1,422) 0
Other 1,210 1,035 3,378
Net changes in working capital (Note 18) (15,953) 41,017 (1,566)
Net cash used in operating activities (22,534) (61,560) (69,965)
Cash flows from investing activities:      
Acquisition and development of natural gas properties (344,800) (32,364) (1,307)
Driftwood Project and other related pipelines construction costs (175,791) (15,208) 0
Land purchases and land improvements (23,492) (10,293) 0
Investment in unconsolidated entities (6,089) 0 0
Note receivable (6,595)
Capitalized internal use software and other assets (8,804) 0 0
Net cash used in investing activities (565,571) (57,865) (1,307)
Cash flows from financing activities:      
Proceeds from common stock issuances 309,021 421,809 103,664
Equity issuance costs (9,281) (13,955) (3,989)
Borrowing proceeds 501,178 56,500 50,000
Borrowings issuance costs (11,487) (2,854) (2,612)
Borrowings principal repayments 0 (119,725) (60,100)
Proceeds from warrant exercise 0 8,177 1,000
Tax payments for net share settlements of equity awards (Note 18) 0 (3,064) (1,659)
Finance lease principal payments (132) (1,926) (1,777)
Net cash provided by financing activities 789,299 344,962 84,527
Net increase in cash, cash equivalents and restricted cash 201,194 225,537 13,255
Cash, cash equivalents and restricted cash, beginning of period 307,274 81,737 68,482
Cash, cash equivalents and restricted cash, end of period 508,468 307,274 81,737
Supplementary disclosure of cash flow information:      
Interest paid $ 20,647 $ 4,105 $ 11,025