Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flow from Operating Activities    
Net Income $ (2,578) $ 7,376
Adjustments to reconcile Net (Loss) Income to Net Cash provided by Operating Activities:    
Deferred Income Tax Benefit (384)  
Depreciation, Amortization and Accretion 32,782 30,172
Stock-Based Compensation 5,539  
Impairment of Long-Lived Assets 15,597  
Abandoned Well Costs 5,415  
Loss on Disposal of Asset, Net 578 217
Abandoned Projects 66 1,356
Amortization of Debt Issuance Costs, Net 1,099 763
Loss on Debt Modification   380
Other 327  
Changes in Operating Assets and Liabilities:    
Accounts Receivable (20,922) (4,367)
Accounts Receivable from Affiliate (1,492) (6,808)
Other Receivables 1,021 602
Prepaids, Deposits and Other Current Assets 1,313 1,711
Accounts Payable (2,201) (4,817)
Payables to Affiliate 620 (191)
Deferred Revenue 14 (50)
Accrued Liabilities and Other 463 4,346
Net Cash Provided by Operating Activities 37,257 30,690
Cash Flow from Investing Activities    
Property, Plant and Equipment Expenditures (48,318) (42,353)
Net Cash Used in Investing Activities (48,318) (42,353)
Cash Flow from Financing Activities    
Dividends and Distributions Paid (13,859)  
Proceeds from Senior-Sustainability Linked Notes   400,000
Repayment of Credit Facility   (297,000)
Redemption of Redeemable Preferred Units   (74,357)
Members' Contributions   5
Net Cash (Used In) Provided by Financing Activities (13,859) 17,854
Net (Decrease) Increase in Cash (24,920) 6,191
Cash, Beginning of Period 60,055 24,932
Cash, End of Period $ 35,135 31,123
Senior Sustainability-Linked Notes | Solaris LLC    
Cash Flow from Financing Activities    
Payments of Debt Issuance Costs   (9,352)
Credit Facility | Solaris LLC    
Cash Flow from Financing Activities    
Payments of Debt Issuance Costs   $ (1,442)