Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities:    
Consolidated net loss $ (8,140) $ (3,457)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:    
Depreciation and amortization of intangibles 17,670 6,748
Interest expense added to term debt 9,451 0
Fair value adjustments (16) (211)
Amortization of debt discount 610 99
Amortization of deferred financing fees 75 121
Non-cash compensation 1,181 915
Loss (gain) on derivative instruments (809) 477
Bad debt expense 286 3
Changes in operating assets and liabilities:    
Accounts receivable (10,886) 6,018
Inventories (5,108) (321)
Prepaid expenses and other assets 4,909 (1,506)
Prepaid inventory (4,346) 3,581
Accounts payable and accrued expenses (3,771) (1,100)
Net cash provided by operating activities 1,106 11,367
Investing Activities:    
Additions to property and equipment (7,485) (12,166)
Proceeds from cash collateralized letters of credit 4,010 0
Net cash used in investing activities (3,475) (12,166)
Financing Activities:    
Net proceeds from (payments on) Kinergy's line of credit 1,042 (8,974)
Principal payments on borrowings (17,003) 0
Principal payments on capital leases (2,079) (2,790)
Proceeds from exercise of warrants 0 368
Preferred stock dividends paid (630) (627)
Net cash used in financing activities (18,670) (12,023)
Net decrease in cash and cash equivalents (21,039) (12,822)
Cash and cash equivalents at beginning of period 52,712 62,084
Cash and cash equivalents at end of period 31,673 49,262
Supplemental Information:    
Interest paid 2,595 1,911
Income tax refunds received 4,784 0
Noncash financing and investing activities    
Reclass of warrant liability to equity upon warrant exercises 0 72
Reclass of noncontrolling interests to APIC upon acquisitions of ownership positions in PE Op Co. 0 560
Accrued payment for ownership positions in PE Op Co. $ 0 $ 3,828