Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2025

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

Supplemental Cash Flow Information

The following table provides information regarding the net changes in components of operating assets and liabilities.

	Three Months Ended March 31,
	2025		2024
(Increase) decrease in:
Accounts receivable	$	(4,548)	$	92,696
Inventories	(5,833)		20,443
Deferred charges	(14,052)		6,503
Other current assets	(3,331)		(4,929)
Increase (decrease) in:
Accounts payable	(744)		(74,093)
Accrued liabilities	(3,860)		(12,147)
Net changes in components of operating assets and liabilities	$	(32,368)	$	28,473

Payments of interest and commitment fees were $73.3 million and $73.5 million for the three months ended March 31, 2025 and 2024, respectively.

We capitalized interest of $7.4 million and $11.3 million during the three months ended March 31, 2025 and March 31, 2024, respectively.

At March 31, 2025 and 2024, we had incurred liabilities for fixed and intangible asset additions totaling $23.4 million and $49.2 million, respectively, that had not been paid at the end of the quarter. Therefore, these amounts were not included in the caption “Payments to acquire fixed and intangible assets” under Cash Flows from Investing Activities in the Unaudited Condensed Consolidated Statements of Cash Flows. The amounts as of March 31, 2025 and 2024 primarily relate to the capital expenditures associated with our offshore growth capital projects.