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
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Consolidated net loss $ (11,658) $ (18,120)
Adjustments to reconcile consolidated net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization of intangibles 26,526 15,103
Interest expense added to term debt 9,451 0
Deferred income taxes 0 (120)
Fair value adjustments 53 (1,413)
Amortization of debt discount 930 383
Amortization of deferred financing fees 97 178
Non-cash compensation 1,888 1,465
Loss (gain) on derivative instruments (1,669) 1,552
Bad debt expense (recoveries) 325 (357)
Changes in operating assets and liabilities:    
Accounts receivable (7,803) (5,980)
Inventories (4,168) (205)
Prepaid expenses and other assets 5,503 (1,399)
Prepaid inventory (1,657) 495
Accounts payable and accrued expenses (2,789) (9,020)
Net cash provided by (used in) operating activities 15,029 (17,438)
Investing Activities:    
Additions to property and equipment (14,045) (17,680)
Net cash from Aventine acquisition 0 18,756
Proceeds from (purchases of) cash collateralized letters of credit 4,113 (4,574)
Net cash used in investing activities (9,932) (3,498)
Financing Activities:    
Net proceeds from Kinergy's line of credit 2,913 29,718
Proceeds from assessment financing 1,020 0
Principal payments on borrowings (17,003) (13,833)
Payments on capital leases (3,151) (3,399)
Proceeds from exercise of warrants 0 368
Preferred stock dividends paid (949) (946)
Net cash provided by (used in) financing activities (17,170) 11,908
Net decrease in cash and cash equivalents (12,073) (9,028)
Cash and cash equivalents at beginning of period 52,712 62,084
Cash and cash equivalents at end of period 40,639 53,056
Supplemental Information:    
Interest paid 7,256 6,043
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