Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 149,765 $ 474,205
Accounts receivable 39,033 76,731
Prepaid expenses and other current assets 23,905 23,355
Total current assets 212,703 574,291
Property, plant and equipment, net 971,066 789,076
Other non-current assets 83,333 63,316
Total assets 1,267,102 1,426,683
Current liabilities:    
Accounts payable 9,867 4,805
Accrued and other liabilities 87,537 129,180
Borrowings 0 163,556
Total current liabilities 97,404 297,541
Long-term liabilities:    
Borrowings 382,866 382,208
Finance lease liabilities 122,112 49,963
Other non-current liabilities 19,177 24,428
Total long-term liabilities 524,155 456,599
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, 800,000,000 authorized: 562,815,397 and 564,567,568 shares outstanding, respectively 5,458 5,456
Additional paid-in capital 1,648,387 1,647,896
Accumulated deficit (1,008,363) (980,870)
Total stockholders’ equity 645,543 672,543
Total liabilities and stockholders’ equity $ 1,267,102 $ 1,426,683