v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 134,116 $ 89,367
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and accretion expense 18,622 13,229
Amortization of debt discount 238 222
Amortization of deferred financing costs 191 223
Stock and unit-based compensation 2,246 383
Deferred income tax 9,627 0
Commodity derivatives gain 0 (1,173)
Settlements on commodity derivatives 0 871
Other 185 (250)
Changes in operating assets and liabilities:    
Accounts receivable (12,598) (44,544)
Accounts receivable - related party 868 55
Inventories 2,313 684
Spare part inventories (2,737) (2,447)
Prepaid expenses and other current assets (3,929) 2,085
Other long-term assets (918) (3,343)
Accounts payable 1,813 2,599
Accounts payable - related parties 24 (417)
Deferred revenue 0 6,815
Accrued liabilities and other liabilities 8,057 11,072
Net cash provided by operating activities 158,118 75,431
Investing activities:    
Purchases of property, plant and equipment (146,835) (18,428)
Net cash used in investing activities (146,835) (18,428)
Financing Activities:    
Net proceeds from IPO 303,426 0
Payment of offering costs (6,020) 0
Member distributions prior to IPO (15,000) (15,024)
Principal payments on term loan borrowings (16,573) (12,745)
Issuance costs associated with debt financing (752) (233)
Payments under finance leases (1,700) (393)
Dividends paid to Class A common stockholders (8,572) 0
Distributions paid to Atlas Sand Operating, LLC unitholders (6,428) 0
Net cash provided by (used in) financing activities 248,381 (28,395)
Net increase in cash and cash equivalents 259,664 28,608
Cash and cash equivalents, beginning of period 82,010 40,401
Cash and cash equivalents, end of period 341,674 69,009
Supplemental cash flow information    
Interest 7,426 7,358
Taxes 4,227 468
Noncash Investing and Financing Items [Abstract]    
Property, plant and equipment in accounts payable and accrued liabilities $ 51,088 $ 10,022

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