Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 106,706 $ 474,205
Accounts receivable 15,731 76,731
Prepaid expenses and other current assets 17,700 23,355
Total current assets 140,137 574,291
Property, plant and equipment, net 1,048,880 789,076
Other non-current assets 71,233 63,316
Total assets 1,260,250 1,426,683
Current liabilities:    
Accounts payable 49,955 4,805
Accrued and other liabilities 83,808 129,180
Borrowings 0 163,556
Total current liabilities 133,763 297,541
Long-term liabilities:    
Borrowings 383,571 382,208
Finance lease liabilities 121,895 49,963
Other non-current liabilities 21,647 24,428
Total long-term liabilities 527,113 456,599
Commitments and Contingencies (Note 9)
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, 1,600,000,000 authorized: 573,268,037 and 564,567,568 shares outstanding, respectively 5,560 5,456
Additional paid-in capital 1,661,735 1,647,896
Accumulated deficit (1,067,982) (980,870)
Total stockholders’ equity 599,374 672,543
Total liabilities and stockholders’ equity $ 1,260,250 $ 1,426,683
Common stock, shares outstanding (in shares) 573,268,037 564,567,568