v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net loss $ (32,166) $ (67,884)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 50,171 40,669
Equity-based compensation 5,394 11,709
Provision for credit losses 1,015 165
Amortization of deferred financing fees included in interest expense 3,337 2,744
Write-off of unamortized deferred financing fees 168 137
Loss on disposal of property, plant and equipment 1,545 15
Gain on de-consolidation of Rwanda Trading Company   (2,291)
Mark-to-market adjustments (4,669) (983)
Foreign currency transactions   (141)
Deferred income tax expense (benefit) 1,677 1,336
Equity in (earnings) loss from unconsolidated entities (2,875) (5,944)
Other 820 1,160
Change in operating assets and liabilities:    
Accounts receivable (10,049) (3,932)
Inventories 14,032 (54,752)
Derivative assets and liabilities (33,912) (12,025)
Prepaid expense and other assets 7,857 (1,891)
Accounts payable (6,065) 18,795
Accrued liabilities and other 28,533 17,410
Net cash provided by (used in) operating activities 24,813 (55,703)
Cash flows from investing activities:    
Additions to property, plant and equipment (22,407) (79,885)
Additions to intangible assets (71) (85)
Proceeds from sale of equity method investments and non-marketable securities   500
Acquisition of equity method investments and non-marketable securities, inclusive of cash contributed   (2,952)
Proceeds from sale of property, plant and equipment 385 329
Proceeds from deferred purchase price of sold trade receivables 11,852 3,924
Net cash used in investing activities (10,241) (78,169)
Cash flows from financing activities:    
Payments on debt (111,969) (61,215)
Proceeds from debt 94,024 161,923
Payments on supply chain financing program (149,657) (131,068)
Proceeds from supply chain financing program 152,926 150,937
Payment of debt issuance costs (2,094) (2,730)
Net proceeds from (repayments of) repurchase agreements (9,245) 11,161
Net change in unremitted cash collections from servicing factored receivables (3,814) 7,896
Proceeds from issuance of common stock   12,097
Payment of equity issuance costs   (181)
Payment for taxes for net share settlement of equity awards (967) (2,079)
Net cash (used in) provided by financing activities (30,796) 146,741
Effect of exchange rate changes on cash (4) (49)
Net increase (decrease) in cash and cash equivalents and restricted cash (16,228) 12,820
Cash and cash equivalents and restricted cash at beginning of period 71,039 35,564
Cash and cash equivalents and restricted cash at end of period 54,811 48,384
Supplemental non-cash investing and financing activities:    
Property, plant and equipment acquired but not yet paid 841 8,648
Amounts obtained as beneficial interest in sold trade receivables $ 11,490 $ 5,766