Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,440) $ (19,757)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,335 3,248
Share-based compensation 2,311 6,964
Fair value changes in derivatives (8,030) (14,309)
Non-cash interest expense, including amortization of debt issuance costs 1,731 4,551
Deferred income taxes and uncertain tax positions 355 (1,125)
Other non-cash items, net (166) 438
Changes in operating assets and liabilities:    
Accounts receivable (1,210) 1,770
Inventory (4,480) 5,917
Prepaid expenses and other current assets 1,098 (316)
Accounts payable, accrued expenses and other current liabilities 8,033 (2,379)
Other assets 1,891 1,173
Net cash flows used in operating activities (3,572) (13,825)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for acquisitions, net of cash acquired 0 (6,592)
Payments for property, plant and equipment (4,542) (17,039)
Net cash flows used in investing activities (4,542) (23,631)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of shares, net 0 13,680
Proceeds from exercise of warrants and options 0 541
Redemptions of senior notes (including related party redemptions of $0 and $8 for three months ended March 31, 2023 and 2022, respectively) 0 (258)
(Payments) receipts of finance leases, net of tenant allowance of $0 and $9,597 for three months ended March 31, 2023 and 2022, respectively) (844) 1,121
Proceeds from other debt 1,900 3,265
Repayments of other debt (57) (130)
Other financing activities (668) 0
Net cash flows provided by financing activities 331 18,219
Effect of currency translation on cash and cash equivalents 61 (9)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (7,722) (19,246)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 27,146 95,487
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 19,424 76,241
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest (excluding capitalized interest) 6,951 5,580
Cash paid for income taxes 305 3,867
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures 2,804 24,939
Right-of-use assets from finance lease liabilities 461 0
Issuance of second lien notes for settlement of accrued bonus 750 0
Fair value of note obligations and warrant liabilities from acquisitions and acquisitions of non-controlling interests 0 6,922
Fair value of shares issued for acquisitions and acquisitions of non-controlling interests 0 1,594
Assets acquired and liabilities assumed in acquisitions, net $ 0 $ 15,133