Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities:    
Consolidated net loss $ (101,282) $ (67,936)
Adjustments to reconcile consolidated net loss to cash provided by (used in) operating activities:    
Depreciation and amortization of intangibles 47,909 40,849
Asset impairment 29,292
Loss on debt extinguishment 6,517
Deferred income taxes 2 27
Inventory valuation (350)
(Gain) loss on derivative instruments (555) 6,714
Amortization of deferred financing costs 511 900
Amortization of debt discounts 689 720
Noncash compensation 2,809 3,438
Bad debt expense 27 45
Interest expense added to Senior Notes 1,185
Changes in operating assets and liabilities:    
Accounts receivable (6,698) 12,663
Inventories (2,780) 4,080
Prepaid expenses and other assets 10,197 (3,880)
Prepaid inventory 1,562 191
Operating leases (10,161)
Accounts payable and accrued expenses (2,587) 4,105
Net cash provided by (used in) operating activities (23,363) 1,566
Investing Activities:    
Additions to property and equipment (3,281) (15,154)
Net cash used in investing activities (3,281) (15,154)
Financing Activities:    
Proceeds from issuances of common stock 3,670 2,057
Proceeds from CoGen contract amendment 8,036
Proceeds from assessment financing 2,043
Payments on assessment financing (415)
Net proceeds (payments) on Kinergy's line of credit 21,282 7,578
Payments on plant borrowings (8,000) (16,500)
Payments on senior notes (3,748) (2,000)
Preferred stock dividend payments (946) (1,265)
Payments on capital leases (772)
Debt issuance costs (1,280)
Net cash provided by (used in) financing activities 19,014 (9,274)
Net decrease in cash and cash equivalents (7,630) (22,862)
Cash and cash equivalents at beginning of period 26,627 49,489
Cash and cash equivalents at end of period 18,997 26,627
Supplemental Information:    
Interest paid 18,763 15,147
Income tax refunds 743
Noncash financing and investing activities:    
Initial right of use assets and liabilities recorded under ASC 842 43,753
Issuance of common stock for senior note amendment 3,817
Issuance of warrants for senior note amendment 979
Accrued preferred stock dividends $ 319