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v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
9 Months Ended |
|
|
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ 25,523
|
$ (2,363)
|
| Adjustment to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
21,777
|
20,288
|
| Loss on disposal of assets |
1,307
|
113
|
| Allowance for credit losses |
(420)
|
630
|
| Stock-based compensation |
4,665
|
3,907
|
| Amortization of debt issuance costs |
127
|
132
|
| Deferred income tax expense (benefit) |
5,143
|
(273)
|
| Change in payables related to parties pursuant to Tax Receivable Agreement |
(654)
|
|
| Other |
(178)
|
(153)
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(38,563)
|
(17,995)
|
| Accounts receivable - related party |
1,011
|
(1,852)
|
| Prepaid expenses and other assets |
2,972
|
(3,266)
|
| Inventories |
(4,744)
|
(714)
|
| Accounts payable |
12,569
|
7,076
|
| Accrued liabilities |
10,305
|
6,167
|
| Property tax contingency |
3,072
|
|
| Net cash provided by operating activities |
43,912
|
11,697
|
| Cash flows from investing activities: |
|
|
| Investment in property, plant and equipment |
(59,527)
|
(13,702)
|
| Cash received from insurance proceeds |
1,308
|
35
|
| Proceeds from disposal of assets |
422
|
42
|
| Net cash used in investing activities |
(57,797)
|
(13,625)
|
| Cash flows from financing activities: |
|
|
| Distribution and dividend paid to Solaris LLC unitholders (other than Solaris Inc.) and Class A common shareholders |
(14,675)
|
(14,400)
|
| Borrowings under the credit agreement |
9,000
|
|
| Repayment of credit agreement |
(3,000)
|
|
| Payments under finance leases |
(1,100)
|
(23)
|
| Payments under insurance premium financing |
(946)
|
(410)
|
| Proceeds from stock option exercises |
|
12
|
| Payments related to debt issuance costs |
(358)
|
|
| Payments for shares withheld for taxes from RSU vesting and cancelled |
(1,100)
|
(786)
|
| Net cash used in financing activities |
(12,179)
|
(15,607)
|
| Net decrease in cash |
(26,064)
|
(17,535)
|
| Cash at beginning of period |
36,497
|
60,366
|
| Cash at end of period |
10,433
|
42,831
|
| Operating: |
|
|
| Employee retention credit |
|
1,900
|
| Investing: |
|
|
| Capitalized depreciation in property, plant and equipment |
424
|
2,260
|
| Capitalized stock based compensation |
296
|
228
|
| Accrued capital expenditures |
3,436
|
323
|
| Property, plant and equipment additions transferred from inventory |
1,210
|
958
|
| Additions to fixed assets through finance leases |
4,554
|
|
| Financing: |
|
|
| Insurance Premium Financing |
806
|
410
|
| Cash paid for: |
|
|
| Interest |
102
|
99
|
| Income Taxes |
$ 370
|
$ 325
|
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- DefinitionThe amount of income (loss) pursuant to tax receivable agreement.
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| X |
- DefinitionThe value of insurance premium in noncash financing transactions.
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| X |
- DefinitionAmount of cash outflow for principal payment on finance lease.
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| Balance Type: |
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- DefinitionThe increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.
| Name: |
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| Name: |
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| Balance Type: |
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| Name: |
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| X |
- DefinitionThe increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.
| Name: |
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| X |
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|
