NextDecade Corp
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
NEXT$6.30+8.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
Consolidated Balance Sheets(1)
(in thousands, except per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $148,137 | $38,241 |
| Restricted cash | 244,625 | 256,237 |
| Derivatives | 16,867 | 17,958 |
| Prepaid expenses and other current assets | 2,943 | 2,089 |
| Total current assets | 412,572 | 314,525 |
| Property, plant and equipment, net | 5,020,003 | 2,437,733 |
| Operating lease right-of-use assets | 166,082 | 170,827 |
| Deferred financing fees | 317,788 | 389,695 |
| Derivatives | 472,057 | — |
| Other non-current assets | 15,557 | 11,021 |
| Total assets | $6,404,059 | $3,323,801 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $244,642 | $243,129 |
| Operating lease liabilities | 2,881 | 3,143 |
| Accrued and other current liabilities | 347,561 | 306,115 |
| Total current liabilities | 595,084 | 552,387 |
| Operating lease liabilities | 144,164 | 145,962 |
| Derivative liability | — | 66,899 |
| Debt, net | 3,920,425 | 1,816,301 |
| Other non-current liabilities | — | 1,818 |
| Total liabilities | 4,659,673 | 2,583,367 |
| Commitments and contingencies (Note 13 ) | ||
| Equity: | ||
| Common stock, $0.0001 par value, 480.0 million authorized: 260.2 million and 256.5 million outstanding, respectively | 26 | 26 |
| Treasury stock: 3.1 million and 2.2 million respectively, at cost | (20,916) | (14,214) |
| Preferred stock, $0.0001 par value, 0.5 million authorized after designation of the convertible preferred stock: none outstanding | — | — |
| Additional paid-in-capital | 852,054 | 693,883 |
| Accumulated deficit | (453,523) | (391,772) |
| Total stockholders' equity | 377,641 | 287,923 |
| Non-controlling interest | 1,366,745 | 452,511 |
| Total equity | 1,744,386 | 740,434 |
| Total liabilities and equity | $6,404,059 | $3,323,801 |
| (1) Amounts presented include balances held by our consolidated variable interest entity, Intermediate Holdings, as further discussed in Note 8, Variable Interest Entity. | ||
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