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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 748,677 $ 497,415 $ 459,799
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, accretion, and amortization 269,517 716,309 707,576
Non-cash asset impairment and decommission costs 91,279 154,947 42,807
Non-cash compensation expense 74,374 87,919 99,909
Loss (gain) on remeasurement of U.S. denominated intercompany loans 236,467 (81,222) (20,295)
Loss from extinguishment of debt, net 5,940   437
Deferred income tax (benefit) expense (13,087) 4,629 32,901
Non-cash interest expense 27,661 35,868 46,109
Amortization of deferred financing fees 21,265 20,273 19,835
Other non-cash items reflected in the Statements of Operations 15,829 43,785 9,742
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net 18,109 44,386 (81,351)
Prepaid expenses and other assets (19,480) (35,498) (29,746)
Operating lease right-of-use assets, net 127,182 141,114 135,473
Accounts payable and accrued expenses (4,402) (66,324) 25,118
Long-term lease liabilities (141,214) (138,699) (129,471)
Other liabilities (123,251) 119,491 (33,143)
Net cash provided by operating activities 1,334,866 1,544,393 1,285,700
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions (299,811) (129,961) (1,176,092)
Capital expenditures (228,149) (236,698) (214,443)
Purchase of investments (1,800,683) (1,339,026) (881,781)
Proceeds from sale of investments 1,536,750 1,338,354 878,138
Loan to unconsolidated joint venture (11,100) (100,494)  
Other investing activities (6,317) (421) 524
Net cash used in investing activities (809,310) (468,246) (1,393,654)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under Revolving Credit Facility 370,000 190,000 975,000
Repayments under Revolving Credit Facility (550,000) (730,000) (605,000)
Proceeds from issuance of Term Loans, net of fees 2,280,565    
Repayment of Term Loans (2,292,244) (24,000) (24,000)
Proceeds from issuance of Tower Securities, net of fees 2,052,136   839,885
Repayment of Tower Securities (620,269)   (640,000)
Repurchase and retirement of common stock (200,019) (100,010) (431,666)
Payment of dividends on common stock (424,191) (369,960) (306,766)
Proceeds from employee stock purchase/stock option plans 35,986 44,196 38,303
Payments related to taxes on stock options and restricted stock units (18,801) (27,481) (9,958)
Other financing activities 12,579 37 28,728
Net cash provided by (used in) financing activities 645,742 (1,017,218) (135,474)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (21,587) 2,734 (2,915)
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 1,149,711 61,663 (246,343)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:      
Beginning of year 250,946 189,283 435,626
End of year 1,400,657 250,946 189,283
Cash paid during the period for:      
Interest 395,112 396,593 347,659
Income taxes 42,415 25,581 32,320
SUPPLEMENTAL CASH FLOW INFORMATION OF NON-CASH ACTIVITIES:      
Right-of-use assets obtained in exchange for new operating lease liabilities 59,189 55,409 171,203
Operating lease modifications and reassessments 268,531 (36,539) 48,946
Right-of-use assets obtained in exchange for new finance lease liabilities $ 336 $ 1,954 $ 3,860