NextDecade Corp
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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.
Mar 31, 2025 · Filed May 6, 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, unaudited)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $130,938 | $148,137 |
| Restricted cash | 255,209 | 244,625 |
| Derivatives | 14,270 | 16,867 |
| Prepaid expenses and other current assets | 4,368 | 2,943 |
| Total current assets | 404,785 | 412,572 |
| Property, plant and equipment, net | 5,702,709 | 5,020,003 |
| Operating lease right-of-use assets | 164,995 | 166,082 |
| Deferred financing fees | 292,971 | 317,788 |
| Derivatives | 303,214 | 472,057 |
| Other non-current assets | 24,996 | 15,557 |
| Total assets | $6,893,670 | $6,404,059 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $256,765 | $244,642 |
| Operating leases | 2,847 | 2,881 |
| Accrued and other current liabilities | 216,068 | 347,561 |
| Total current liabilities | 475,680 | 595,084 |
| Debt, net | 4,549,202 | 3,920,425 |
| Operating leases | 143,787 | 144,164 |
| Other non-current liabilities | 1,463 | — |
| Total liabilities | 5,170,132 | 4,659,673 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value, 480.0 million authorized: 260.7 million and 260.2 million outstanding, respectively | 26 | 26 |
| Treasury stock: 3.1 million shares and 3.1 million respectively, at cost | (20,965) | (20,916) |
| Preferred stock, $0.0001 par value, 0.5 million authorized: none outstanding | — | — |
| Additional paid-in-capital | 865,745 | 852,054 |
| Accumulated deficit | (542,328) | (453,523) |
| Total stockholders’ equity | 302,478 | 377,641 |
| Non-controlling interest | 1,421,060 | 1,366,745 |
| Total equity | 1,723,538 | 1,744,386 |
| Total liabilities and equity | $6,893,670 | $6,404,059 |
| (1) Amounts presented include balances held by our consolidated variable interest entity, Intermediate Holdings, as further discussed in Note 7, Variable Interest Entity. | ||
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