Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 75,789 $ 474,205
Accounts receivable 25,790 76,731
Prepaid expenses and other current assets 15,951 23,355
Total current assets 117,530 574,291
Property, plant and equipment, net 1,136,299 789,076
Other non-current assets 70,199 63,316
Total assets 1,324,028 1,426,683
Current liabilities:    
Accrued and other liabilities 123,650 129,180
Borrowings 0 163,556
Total current liabilities 179,198 297,541
Long-term liabilities:    
Borrowings 361,402 382,208
Finance lease liabilities 121,450 49,963
Other non-current liabilities 37,054 24,428
Total long-term liabilities 519,906 456,599
Commitments and Contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 100,000,000 shares authorized: 6,123,782 and 6,123,782 shares outstanding, respectively 61 61
Common stock, $0.01 par value, 1,600,000,000 and 800,000,000 shares authorized: 703,739,585 and 564,567,568 shares outstanding, respectively 6,866 5,456
Additional paid-in capital 1,765,044 1,647,896
Accumulated deficit (1,147,047) (980,870)
Total stockholders’ equity 624,924 672,543
Total liabilities and stockholders’ equity 1,324,028 1,426,683
Nonrelated Party    
Current liabilities:    
Accounts payable $ 55,548 $ 4,805