Annual report pursuant to Section 13 and 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

v3.24.0.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Notional Amounts of Outstanding Derivative Positions

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Average

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Instrument

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Daily

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Total

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Weighted

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Weighted

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Weighted

Period

    

Type

    

Volumes

    

Volumes

    

Strike Price

    

Put Price

    

Call Price

Jan 2024 - Dec 2024

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calls

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65,000

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23,790,000

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$

—

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$

—

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$

6.13

Jan 2025 - Mar 2025

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calls

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62,000

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5,580,000

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$

—

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$

—

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$

5.50

Jan 2024 - Dec 2024 (1)

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swaps

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65,576

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24,000,000

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$

2.46

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$

—

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$

—

Jan 2025 - Mar 2025 (1)

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swaps

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63,333

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5,700,000

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$

2.72

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—

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$

—

Apr 2025 - Dec 2025 (1)

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puts

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62,183

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17,100,000

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$

—

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$

2.27

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$

—

Jan 2026 - Dec 2026 (1)

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puts

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55,895

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20,400,000

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$

—

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$

2.35

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$

—

Jan 2027 - Dec 2027 (1)

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puts

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52,607

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19,200,000

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$

—

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$

2.37

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$

—

Jan 2028 - Apr 2028 (1)

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puts

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49,725

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6,000,000

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$

—

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$

2.42

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(1)

These contracts were entered into by the Company’s wholly owned subsidiary, A-I LLC.

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

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December 31, 

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2023

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2022

Prepaid expenses and other current assets

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$

1,180

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$

4,954

Other assets

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10,068

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23,236

Accrued liabilities

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6,267

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46,595

Other liabilities

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2,756

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43,061

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Year Ended December 31, 

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2023

    

2022

    

2021

Realized loss

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$

4,087

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$

125,089

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$

95,187

Unrealized (gain) loss

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(58,846)

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(39,556)

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80,126

Derivative (gain) loss, net

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(54,759)

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85,533

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175,313

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