XML 21 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 77,291 $ (244,603)
Adjustments to net income (loss):    
Depreciation and amortization 322,729 326,374
Deferred income tax expense (benefit) 12,135 3,775
Impairments and other charges 5,318  
Amortization of debt discount and deferred financing costs 4,239 6,029
Losses (gains) on debt buyback (25,098) (372)
Losses (gains) on long-lived assets, net 927 (3,522)
Losses (gains) on investments, net (960) 518
Share-based compensation 8,321 7,829
Foreign currency transaction losses (gains), net 16,810 (3,178)
Mark-to-market (gain) loss on warrants (52,466) 93,766
Noncontrolling interest (23,456) (22,810)
Other 98 150
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable 27,461 (3,650)
Inventory (24,125) 5,734
Other current assets (5,595) (10,445)
Other long-term assets (6,373) (819)
Trade accounts payable and accrued liabilities (44,506) (5,130)
Income taxes payable 1,896 (4,095)
Other long-term liabilities 27,870 16,599
Net cash provided by (used for) operating activities 322,516 162,150
Cash flows from investing activities:    
Purchases of investments (24,551) (18,741)
Capital expenditures (263,485) (160,890)
Proceeds from sales of assets 5,050 16,431
Other 12 39
Net cash (used for) provided by investing activities (282,974) (163,161)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 250,000  
Reduction in long-term debt (292,853) (109,965)
Debt issuance costs (8,036) (3,858)
Proceeds from revolving credit facilities 125,000 130,000
Reduction in revolving credit facilities (125,000) (590,000)
Proceeds from issuance of common shares, net of issuance costs   3,767
Payments for employee taxes on net settlement of equity awards (7,079) (4,523)
Dividends to common and preferred shareholders (194) (65)
Distributions to noncontrolling interest (2,269) (3,489)
Distribution of trust account for special purpose acquisition company (186,933)  
Other   (445)
Net cash (used for) provided by financing activities (247,364) (578,578)
Effect of exchange rate changes on cash and cash equivalents (8,641) 1,431
Net increase (decrease) in cash and cash equivalents and restricted cash (216,463) (578,158)
Cash and cash equivalents and restricted cash, beginning of period 737,140 1,273,510
Cash and cash equivalents and restricted cash, end of period 520,677 695,352
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents, beginning of period 451,025 991,471
Restricted cash, beginning of period 286,115 282,039
Cash and cash equivalents and restricted cash, beginning of period 737,140 1,273,510
Cash and cash equivalents, end of period 413,376 412,979
Restricted cash, end of period $ 107,301 $ 282,373
Restricted cash, Balance Sheet location Restricted cash held in trust Restricted cash held in trust
Cash and cash equivalents and restricted cash, end of period $ 520,677 $ 695,352