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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 654,645 $ 147,448
Restricted cash and cash equivalents (primarily related to VIEs) 108,297 133,418
Receivables:    
Trade less allowance for credit losses of $474 and $308, respectively (primarily related to VIEs) 170,917 164,772
Other 31,333 36,711
Inventories 45,561 45,268
Costs and estimated earnings in excess of billings on uncompleted contracts 35,671 30,011
Prepaid expenses and other 35,801 40,141
Total current assets 1,082,225 597,769
Investment in unconsolidated companies 200,901 162,111
Deposits and other (primarily related to VIEs) 157,536 137,744
Deferred income taxes 127,557 138,903
Property, plant and equipment, net ($3,584,646 and $3,460,079 related to VIEs, respectively) 3,792,223 3,672,569
Construction-in-process ($305,196 and $392,644 related to VIEs, respectively) 923,262 1,048,174
Operating leases right of use ($24,832 and $17,236 related to VIEs, respectively) 48,976 41,756
Finance leases right of use (none related to VIEs) 4,458 4,690
Intangible assets, net 267,224 274,548
Goodwill 168,076 168,244
Total assets 6,772,438 6,246,508
Current liabilities:    
Accounts payable and accrued expenses 190,710 234,757
Short term revolving credit lines with banks (full recourse) 0 80,000
Commercial paper (less deferred financing costs of $16 and $17, respectively) 99,984 99,983
Convertible senior notes (less deferred financing costs of $5,463) 360,112 0
Billings in excess of costs and estimated earnings on uncompleted contracts 5,256 13,159
Current portion of long-term debt:    
Limited and non-recourse (primarily related to VIEs) 125,211 79,885
Full recourse 214,301 214,207
Current portion of financing liability 9,962 9,749
Operating lease liabilities 5,357 4,764
Finance lease liabilities 1,807 1,884
Total current liabilities 1,012,700 738,388
Long-term debt, net of current portion:    
Limited and non-recourse (primarily related to VIEs and less deferred financing costs of $12,906 and $13,488, respectively) 586,703 645,803
Full recourse (less deferred financing costs of $3,961 and $4,248, respectively) 959,349 1,009,090
Convertible senior notes (less deferred financing costs of $19,089 and $4,103, respectively) 805,911 472,334
Financing liability 203,822 206,647
Operating lease liabilities 36,501 29,760
Finance lease liabilities 2,713 2,850
Liability associated with sale of tax benefits 181,384 190,168
Deferred income taxes 72,467 68,661
Liability for unrecognized tax benefits 10,360 10,378
Liabilities for severance pay 12,339 11,942
Asset retirement obligation 138,334 135,574
Other long-term liabilities 31,308 33,637
Total liabilities 4,053,890 3,555,232
Commitments and contingencies (Note 9)
Redeemable noncontrolling interest 10,088 10,402
The Company's stockholders' equity:    
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 61,935,012 and 61,104,078 shares issued; 61,451,752 and 60,845,411 shares outstanding, respectively 62 61
Additional paid-in capital 1,666,043 1,654,635
Treasury stock, at cost (483,260 and 258,667 shares held, respectively) (42,359) (17,964)
Retained earnings 945,905 909,343
Accumulated other comprehensive income (loss) 1,288 (2,132)
Total stockholders' equity attributable to Company's stockholders 2,570,939 2,543,943
Noncontrolling interest 137,521 136,931
Total equity 2,708,460 2,680,874
Total liabilities, redeemable noncontrolling interest and equity $ 6,772,438 $ 6,246,508