Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities:    
Consolidated net income (loss) $ (3,457) $ 8,149
Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of intangibles 6,748 6,438
Deferred income taxes 0 2,874
Loss on extinguishments of debt 0 2,363
Fair value adjustments (211) 34,559
Amortization of debt discount 99 1,764
Amortization of deferred financing fees 121 1,077
Non-cash compensation 915 743
Derivative instruments 477 (517)
Bad debt expense 3 (34)
Changes in operating assets and liabilities:    
Accounts receivable 6,018 (7,733)
Inventories (321) (4,194)
Prepaid expenses and other assets (1,506) 3,058
Prepaid inventory 3,581 (2,499)
Accounts payable and accrued expenses (1,100) 5,282
Net cash provided by operating activities 11,367 51,330
Investing Activities:    
Additions to property and equipment (12,166) (6,535)
Net cash used in investing activities (12,166) (6,535)
Financing Activities:    
Proceeds from equity offering 0 26,073
Proceeds from exercise of warrants 368 18,240
Principal Payments on senior notes 0 (13,984)
Principal payments on related party note 0 (750)
Parent purchases of Plant Owners' debt 0 (17,038)
Net proceeds from (payments on) Kinergy's line of credit (8,974) 2,329
Principal Payments on Plant Owners' borrowings 0 (35,378)
Payments on capital leases (2,790) (2,450)
Debt issuance costs 0 (438)
Preferred stock dividends paid (627) (627)
Net cash used in financing activities (12,023) (24,023)
Net increase (decrease) in cash and cash equivalents (12,822) 20,772
Cash and cash equivalents at beginning of period 62,084 5,151
Cash and cash equivalents at end of period 49,262 25,923
Supplemental Information:    
Interest paid 1,911 4,520
Income taxes paid 0 3,215
Noncash financing and investing activities:    
Reclass of warrant liability to equity upon warrant exercises 72 20,008
Reclass of noncontrolling interests to APIC upon acquisitions of ownership positions in PE Op Co. 560 0
Accrued payment for ownership positions in PE Op Co. 3,828 0
Preferred stock dividends paid in common stock $ 0 $ 1,463