Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (66,606) $ (26,985)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 4,021 2,652
Amortization of debt issuance costs, discounts and fees 61 3,061
Share-based compensation 906 1,571
Share-based payments 396 0
Interest elected to be paid-in-kind 0 508
Unrealized loss on financial instruments not designated as hedges 20,262 1,080
Net gain on extinguishment of debt 0 (1,574)
Other 231 (80)
Net changes in working capital (Note 15) (41,850) 9,292
Net cash used in operating activities (82,579) (10,475)
Cash flows from investing activities:    
Development of natural gas properties (25,305) (1,130)
Payment of LNG construction costs (24,500) 0
Land purchases and land improvements (19,064) (270)
Investment in unconsolidated entity (6,089) 0
Net cash used in investing activities (74,958) (1,400)
Cash flows from financing activities:    
Proceeds from common stock issuances 176,974 91,929
Equity issuance costs (5,316) (2,766)
Borrowing proceeds 1,178 0
Borrowing issuance costs (35) 0
Borrowing principal repayments 0 (102,725)
Tax payments for net share settlement of equity awards (Note 15) 0 (2,305)
Proceeds from warrant exercises 0 8,177
Other (32) (1)
Net cash provided by (used in) financing activities 172,769 (7,691)
Net increase (decrease) in cash, cash equivalents and restricted cash 15,232 (19,566)
Cash, cash equivalents and restricted cash, beginning of period 307,274 81,738
Cash, cash equivalents and restricted cash, end of period 322,506 62,172
Supplementary disclosure of cash flow information:    
Interest paid $ 1,057 $ 2,116