Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flow from Operating Activities      
Net Income (Loss) $ 4,797 $ (7,009) $ 7
Adjustments to reconcile Net Income (Loss) to Net Cash provided by Operating Activities      
Depreciation, Amortization and Accretion 67,524 60,767 44,027
Deferred Income Tax Expense 466 379  
Stock Based Compensation 12,034 1,586  
Impairment of Long-Lived Assets 15,597    
Abandoned Well Costs 15,771 28,505  
Loss (Gain) on Disposal of Asset, Net 478 275 133
Abandoned Projects 72 2,047 2,125
Amortization of Debt Issuance Costs, Net 2,143 1,873 783
Other 623 596 446
Changes in Operating Assets and Liabilities      
Accounts Receivable (38,811) (21,456) 10,620
Accounts Receivable from Affiliates (25,838) (8,653) 5,195
Other Receivables (838) 364 (3,659)
Prepaids, Deposits and Other Current Assets 238 (2,178) (58)
Accounts Payable 1,903 (8,271) 193
Payables to Affiliates 1,522 (385)  
Deferred Revenue 14 (139) 1,300
Accrued Liabilities and Other 12,518 10,511 6,659
Net Cash Provided by Operating Activities 70,213 58,812 67,771
Cash Flow from Investing Activities      
Property, Plant and Equipment Expenditures (146,525) (74,664) (139,589)
Cash Paid for Asset Acquisitions (5,100)    
Proceeds from the Sale of Property, Plant and Equipment 14,700    
Net Cash Used in Investing Activities (136,925) (74,664) (139,589)
Cash Flow from Financing Activities      
Dividends and Distributions Paid (24,465) (213,186)  
Repurchase of Shares (2,756) (135)  
Proceeds from Credit Facility 35,000   77,000
Repayment of Credit Facility   (297,000)  
Proceeds from issuance of Class A Common Stock sold in Initial Public Offering, net of underwriting discounts and commissions   249,355  
Payment of Issuance Costs of Class A Common Stock   (2,913)  
Proceeds from Senior Sustainability-Linked Notes   400,000  
Redemption of Redeemable Preferred Units   (74,357)  
Members' Contributions   5 13,203
Net Cash Provided by Financing Activities 7,779 50,975 89,667
Net (Decrease) / Increase in Cash (58,933) 35,123 17,849
Cash, Beginning of Year 60,055 24,932 7,083
Cash, End of Year 1,122 60,055 24,932
Supplementary Cash Flow Data      
Cash Paid for Interest, net of amount capitalized 25,933 18,649 4,790
Cash Paid for Income Taxes $ 6    
Senior Sustainability-Linked Notes | Solaris LLC      
Cash Flow from Financing Activities      
Payments of Financing Costs Related to Credit Facility   (9,352)  
Credit Facility      
Cash Flow from Financing Activities      
Payments of Financing Costs Related to Credit Facility   $ (1,442) $ (536)