NextDecade Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
NEXT$6.35+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
(in thousands, unaudited)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net (loss) income attributable to NextDecade Corporation | $(203,996) | $34,208 |
| Adjustment to reconcile net (loss) income to net cash used in operating activities | ||
| Depreciation | 1,317 | 117 |
| Share-based compensation expense | 13,832 | 22,055 |
| Derivative gain | (38,206) | (152,816) |
| Derivative settlements | 45,231 | 1,160 |
| Amortization of right-of-use assets | 3,659 | 570 |
| Loss on extinguishment of debt | 47,573 | — |
| Amortization of debt issuance costs | 49,069 | 25,670 |
| Other | 2,321 | (571) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 767 | (1,121) |
| Accounts payable | 3,260 | 3,313 |
| Operating lease liabilities | (1,631) | 330 |
| Accrued expenses and other liabilities | (9,878) | 14,458 |
| Net cash used in operating activities | (86,682) | (52,627) |
| Investing activities: | ||
| Acquisition of property, plant and equipment | (1,873,194) | (996,467) |
| Acquisition of other non-current assets | (6,404) | (13,971) |
| Net cash used in investing activities | (1,879,598) | (1,010,438) |
| Financing activities: | ||
| Proceeds from debt issuance | 2,798,890 | 1,409,000 |
| Receipt of equity commitments | 493,333 | 283,355 |
| Repayment of debt | (1,282,000) | — |
| Costs associated with repayment of debt | (13,423) | — |
| Proceeds from sale of common stock | — | 254,400 |
| Debt issuance costs | (52,623) | (490,960) |
| Preferred stock dividends | — | (53) |
| Shares repurchased related to share-based compensation | (6,577) | (9,607) |
| Net cash provided by financing activities | 1,937,600 | 1,446,135 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (28,680) | 383,070 |
| Cash, cash equivalents and restricted cash – beginning of period | 294,478 | 62,789 |
| Cash, cash equivalents and restricted cash – end of period | $265,798 | $445,859 |
| Balance per Consolidated Balance Sheets: | ||
| September 30, 2024 | ||
| Cash and cash equivalents | $38,230 | |
| Restricted cash | 227,568 | |
| Total cash, cash equivalents and restricted cash | $265,798 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.