Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss $ (449,391) $ (77,490)
Adjustments to reconcile net loss to net cash (used in) provided by operations:    
Interest income (86) (517)
Interest expense 18,658 23,615
Accretion expense 3,590 9,057
Provision for debt obligation fee 804 1,677
Impairment loss 30,551 7,367
Depreciation and amortization 31,390 31,040
(Recoveries), write-downs and other charges, net (846) 47
Inventory reserve   1,902
Share-based compensation 30,431 6,522
Losses/(gains) from change in fair value of financial instruments 422 (285)
Cancellation of shares to be issued (31)  
Gain from nonmonetary consideration from acquisition (10,460)  
Loss on debt extinguishment 316,577 0
Deferred income taxes (7,782) (4,623)
Change in operating assets and liabilities 16,677 17,836
NET CASH FLOW (USED IN) PROVIDED BY OPERATING ACTIVITIES (19,496) 16,148
CASH FLOW FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (6,939) (19,440)
Acquisition of other intangible assets (113) (959)
Proceeds from sale of property, plant and equipment 2,399 275
Issuance of related party promissory note (91) (1,194)
Purchase of subsidiaries, net of cash acquired 4  
NET CASH USED IN INVESTING ACTIVITIES (4,740) (21,318)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from issuance of debt 24,250 11,000
Debt issuance costs   (694)
Repayment of debt (362) (68)
Taxes paid related to net share settlement of restricted stock units (1,824)  
NET CASH PROVIDED BY FINANCING ACTIVITIES 22,064 10,238
CASH AND RESTRICTED CASH:    
NET (DECREASE) / INCREASE IN CASH AND RESTRICTED CASH DURING THE YEAR (2,172) 5,068
CASH AND RESTRICTED CASH, BEGINNING OF YEAR (Refer to Note 2(f)) 16,578 11,510
CASH AND RESTRICTED CASH, END OF YEAR (Refer to Note 2(f)) $ 14,406 $ 16,578