Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Activities:    
Consolidated net loss $ (6,602) $ (13,991)
Depreciation and amortization of intangibles 2,974 3,134
Interest expense added to Plant Owners' debt 2,276   
Gain on extinguishment of debt (817)   
Warrant fair value adjustments (94) 33
Amortization of debt discount 225   
Amortization of deferred financing fees 108 164
Non-cash compensation 630 296
Loss (gain) on derivatives 5 (135)
Bad debt expense 208 2
Changes in operating assets and liabilities:    
Accounts receivable (6,326) (984)
Inventories (1,300) 1,696
Prepaid expenses and other assets 53 1,393
Prepaid inventory (4,222) 2,040
Accounts payable and accrued expenses 6,428 3,600
Net cash used in operating activities (6,454) (2,752)
Investing Activities:    
Additions to property and equipment (309) (896)
Purchases of New PE Holdco ownership interests (1,639)   
Net cash used in investing activities (1,948) (896)
Financing Activities:    
Proceeds from Senior Notes 22,192   
Proceeds from Series A Convertible Notes 6,000   
Proceeds from exercise of warrants 2,064   
Proceeds from Plant Owners' borrowings 4,000 6,000
Principal Payments on Plant Owners' borrowings (3,500)   
Principal Payments on Senior Notes (1,880)   
Net proceeds from (payments on) Kinergy's line of credit 847 (5,970)
Parent purchases of Plant Owners' debt (23,357)   
Debt issuance costs (1,044)   
Preferred stock dividends paid (312) (315)
Net cash provided by (used in) financing activities 5,010 (285)
Net increase in cash and cash equivalents (3,392) (3,933)
Cash and cash equivalents at beginning of period 7,586 8,914
Cash and cash equivalents at end of period 4,194 4,981
Supplemental Information:    
Interest paid 737 2,789
Noncash financing and investing activities:    
Reclass of noncontrolling interest in VIE to APIC upon acquisitions of ownership interests in New PE Holdco 8,161   
Discount on senior and convertible debt 4,940   
Reclass of warrant liability to equity upon warrant exercises 260 112
Preferred stock dividends paid in common stock $ 732