Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flow from Operating Activities    
Net Loss $ (622) $ (13,367)
Adjustments to reconcile Net Loss to Net Cash provided by Operating Activities:    
Deferred Income Tax Benefit (96)  
Depreciation, Amortization and Accretion 49,724 45,550
Stock-Based Compensation 9,134  
Impairment of Long-Lived Assets 15,597  
Abandoned Well Costs 14,637 27,402
Loss on Disposal of Asset, Net 481 225
Abandoned Projects 66 2,035
Amortization of Debt Issuance Costs, Net 1,563 1,320
Loss on Debt Modification   380
Other 311 216
Changes in Operating Assets and Liabilities:    
Accounts Receivable (33,683) (11,231)
Accounts Receivable from Affiliate (5,581) (10,046)
Other Receivables (2,139) 231
Prepaids, Deposits and Other Current Assets 4,215 2,516
Accounts Payable 3,233 (3,284)
Payables to Affiliate 913 (715)
Deferred Revenue 14 (46)
Accrued Liabilities and Other 19,418 16,000
Net Cash Provided by Operating Activities 77,185 57,186
Cash Flow from Investing Activities    
Property, Plant and Equipment Expenditures (96,991) (62,728)
Cash Paid for Acquisitions (3,353)  
Proceeds from the Sale of Property, Plant and Equipment 7,441  
Net Cash Used in Investing Activities (92,903) (62,728)
Cash Flow from Financing Activities    
Dividends and Distributions Paid (19,157)  
Proceeds from Senior-Sustainability Linked Notes   400,000
Payments for Initial Public Offering Costs   (855)
Repayment of Credit Facility   (297,000)
Redemption of Redeemable Preferred Units   (74,357)
Members' Contributions   5
Net Cash (Used In) Provided by Financing Activities (19,157) 16,999
Net (Decrease) Increase in Cash (34,875) 11,457
Cash, Beginning of Period 60,055 24,932
Cash, End of Period $ 25,180 36,389
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)