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
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (26,476) $ (7,691)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 13,964 7,603
Share-based compensation 4,674 11,648
Fair value changes in derivatives (9,120) (56,881)
Non-cash interest expense, including amortization of debt issuance costs 2,913 10,402
Deferred income taxes and uncertain tax positions 2,897 (2,133)
Other non-cash items, net 3,386 (60)
Changes in operating assets and liabilities:    
Accounts receivable (764) 442
Inventory (9,311) 7,533
Prepaid expenses and other current and non-current assets (123) (167)
Accounts payable, accrued expenses and other current liabilities 7,675 3,593
Net cash flows used in operating activities (10,285) (25,711)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for acquisitions, net of cash acquired 0 (20,824)
Payments for property, plant and equipment (6,144) (40,917)
Proceeds from sale of property, plant and equipment 916 0
Net cash flows used in investing activities (5,228) (61,741)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of shares, net 0 13,680
Proceeds from exercise of warrants and options 0 751
Proceeds from acquisition facility 0 25,000
Redemption of senior notes (including related party redemptions of $0 and $8 for the six months ended June 30, 2023 and 2022, respectively) 0 (258)
Payments of finance leases, net of tenant allowance of $0 and $10,065 for the six months ended June 30, 2023 and 2022, respectively (2,681) (6,555)
Proceeds from mortgage loans 21,900 0
Payments of loan financing costs (250) (793)
Repayments of mortgage loans (110) (150)
Proceeds from other financing activities 3,295 4,353
Payments of other financing activities (1,725) (14)
Net cash flows provided by financing activities 20,429 36,014
Effect of currency translation on cash and cash equivalents 0 (238)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 4,916 (51,676)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 27,146 95,487
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 32,062 43,811
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest (excluding capitalized interest) 14,787 10,699
Cash paid for income taxes 3,145 8,542
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditure and related accruals 2,360 7,453
Right-of-use assets obtained in exchange for new finance lease liabilities 659 4,701
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 19,782
Fair value of shares issued for acquisitions and acquisitions of non-controlling interests 0 15,167
Debt and shares issued for services received $ 0 $ 634