v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (57,803) $ (70,620)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation, amortization and accretion 31,451 23,192
Net loss on disposal of property and equipment, net of insurance recoveries, and impairment expense 5,497 6,008
Share-based compensation 10,103 14,922
Change in fair value of earnout liability (309) (433)
Change in fair value of warrant liabilities (2,395) (1,011)
Other 5 (155)
Changes in operating assets and liabilities    
Accounts receivable, net 112 (11,422)
Prepaid expenses, other current assets and other assets 1,324 3,779
Operating lease assets and liabilities, net (3) 642
Accounts payable 6,130 (2,872)
Accrued liabilities (5,764) 2,925
Deferred revenue 5,461 12,458
Other current and noncurrent liabilities (335) 62
Net cash used in operating activities (6,526) (22,525)
Cash flows from investing activities    
Capital expenditures (45,267) (100,057)
Proceeds from insurance for property losses 152 159
Net cash used in investing activities (45,115) (99,898)
Cash flows from financing activities    
Proceeds from capital-build funding 6,139 4,256
Payments of deferred debt issuance costs (908) 0
Payments of deferred equity issuance costs 0 (4,751)
Net cash provided by financing activities 5,231 133,356
Net (decrease) increase in cash, cash equivalents and restricted cash (46,410) 10,933
Cash, cash equivalents and restricted cash, beginning of period 209,146 246,493
Cash, cash equivalents and restricted cash, end of period 162,736 257,426
Supplemental disclosure of noncash investing and financing activities    
Fair value adjustment to redeemable noncontrolling interest 183,871 42,378
Capital expenditures in accounts payable and accrued liabilities 17,979 20,827
Non-cash increase in capital-build liability 9,788 7,448
Deferred debt issuance costs in accounts payable and accrued liabilities 1,274 0
Non-cash increase in asset retirement obligations 848 2,005
Share-based compensation capitalized to property, equipment and software 630 0
Deferred equity issuance costs in accounts payable and accrued liabilities 0 168
ATM    
Cash flows from financing activities    
Proceeds from issuance of Class A common stock 0 5,828
Equity Offering    
Cash flows from financing activities    
Proceeds from issuance of Class A common stock $ 0 $ 128,023