Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flow from Operating Activities      
Net (Loss) Income $ (7,009) $ 7 $ 13,060
Adjustments to reconcile Net (Loss) Income to Net Cash provided by Operating Activities      
Depreciation, Amortization and Accretion 60,767 44,027 19,670
Deferred Income Tax Expense 379    
Stock Based Compensation 1,586    
Abandoned Well Costs 28,505    
Loss (Gain) on Disposal of Asset, Net 275 133 (5,100)
Abandoned Projects 2,047 2,125 2,444
Amortization of Deferred Financing Costs 1,873 783 511
Loss on Debt Modification 380    
Bad Debt Expense 216 446 119
Changes in operating assets and liabilities:      
Accounts Receivable (21,456) 10,620 (20,228)
Accounts Receivable from Affiliate (8,653) 5,195 (15,531)
Other Receivables 364 (3,659) (54)
Prepaids and Deposits (2,178) (58) (2,491)
Accounts Payable (8,271) 193 4,583
Payables to Affiliate (385)    
Adjustment in Deferred Revenue (139) 1,300  
Accrued Liabilities and Other 10,511 6,659 7,166
Net Cash Provided by Operating Activities 58,812 67,771 4,149
Cash Flow from Investing Activities      
Property, Plant and Equipment Expenditures (74,664) (139,589) (182,964)
Cash Paid for Acquisitions     (55,430)
Proceeds from Sales of Property, Plant and Equipment     10,026
Net Cash Used in Investing Activities (74,664) (139,589) (228,368)
Cash Flow from Financing Activities      
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)    
Distributions to Unit Holders (213,186)    
Repurchase of Shares (135)    
Proceeds from Senior Sustainability-Linked Notes 400,000    
Repayment of Credit Facility (297,000)   (25,000)
Proceeds from Credit Facility   77,000 200,000
Redemption of Redeemable Preferred Units (74,357)    
Members' Contributions 5 13,203 49,918
Net Cash Provided by Financing Activities 50,975 89,667 223,959
Net Increase /(decrease) in Cash and Cash Equivalents 35,123 17,849 (260)
Cash and Cash Equivalents, Beginning of Year 24,932 7,083 7,343
Cash and Cash Equivalents, End of Year 60,055 24,932 7,083
Supplementary Cash Flow Data:      
Cash Paid for Interest, net of amount capitalized 18,649 4,790  
Credit Facility      
Cash Flow from Financing Activities      
Payments of Financing Costs (1,442) $ (536) $ (959)
Solaris Midstream Holdings, LLC and Subsidiaries | Senior Sustainability-Linked Notes      
Cash Flow from Financing Activities      
Payments of Financing Costs $ (9,352)