| Additional Financial Statement Information |
3.Additional Financial Statement Information
Balance Sheet
Other balance sheet information is as follows:
|
|
|
|
|
|
|
(in thousands) |
|
June 30, |
|
December 31, |
|
|
2022 |
|
2021 |
Other Receivables |
|
|
|
|
|
|
Insurance and Third Party Receivables for Remediation Expenses |
|
$ |
2,078 |
|
$ |
3,099 |
Reimbursable Projects and Other |
|
|
796 |
|
|
1,027 |
Total Other Receivables |
|
$ |
2,874 |
|
$ |
4,126 |
|
|
|
|
|
|
|
Prepaids and Deposits |
|
|
|
|
|
|
Prepaid Insurance and Other |
|
$ |
4,647 |
|
$ |
5,953 |
Deposits |
|
|
83 |
|
|
90 |
Total Prepaids and Deposits |
|
$ |
4,730 |
|
$ |
6,043 |
|
|
|
|
|
|
|
Accrued and Other Current Liabilities |
|
|
|
|
|
|
Accrued Operating Expense |
|
$ |
18,426 |
|
$ |
17,774 |
Accrued Capital Costs |
|
|
21,208 |
|
|
4,603 |
Accrued Interest |
|
|
7,625 |
|
|
7,625 |
Accrued Compensation |
|
|
3,743 |
|
|
4,551 |
Dividends and Distributions Payable |
|
|
30 |
|
|
3,847 |
Lease Liabilities |
|
|
1,045 |
|
|
— |
Other |
|
|
3,453 |
|
|
2,064 |
Total Accrued and Other Current Liabilities |
|
$ |
55,530 |
|
$ |
40,464 |
Statement of Operations
Other statement of operations information is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
Depreciation, Amortization and Accretion Expense |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation - Property, Plant and Equipment |
|
$ |
6,920 |
|
$ |
6,997 |
|
$ |
14,097 |
|
$ |
13,736 |
Amortization - Intangible Assets |
|
|
9,184 |
|
|
8,152 |
|
|
18,368 |
|
|
16,303 |
Accretion of Asset Retirement Obligations |
|
|
99 |
|
|
66 |
|
|
317 |
|
|
133 |
Total Depreciation, Amortization and Accretion Expense |
|
$ |
16,203 |
|
$ |
15,215 |
|
$ |
32,782 |
|
$ |
30,172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss on Asset Disposal and Other |
|
|
|
|
|
|
|
|
|
|
|
|
Loss on Asset Disposal, Net |
|
$ |
24 |
|
$ |
173 |
|
$ |
578 |
|
$ |
217 |
Transaction Costs |
|
|
425 |
|
|
15 |
|
|
933 |
|
|
77 |
Abandoned Projects (1) |
|
|
64 |
|
|
1,145 |
|
|
66 |
|
|
1,356 |
Total Loss on Asset Disposal and Other |
|
$ |
513 |
|
$ |
1,333 |
|
$ |
1,577 |
|
$ |
1,650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
Interest on Debt Instruments |
|
$ |
7,794 |
|
$ |
7,575 |
|
$ |
15,606 |
|
$ |
10,368 |
Amortization of Debt Issuance Costs |
|
|
610 |
|
|
609 |
|
|
1,220 |
|
|
823 |
Total Interest Expense |
|
|
8,404 |
|
|
8,184 |
|
|
16,826 |
|
|
11,191 |
Less: Amounts Capitalized |
|
|
(1,089) |
|
|
(860) |
|
|
(1,726) |
|
|
(1,216) |
Interest Expense, Net |
|
$ |
7,315 |
|
$ |
7,324 |
|
$ |
15,100 |
|
$ |
9,975 |
| (1) |
Abandoned Projects expense is primarily related to expirations of legacy permits and rights-of-way for projects that were not ultimately constructed. |
|