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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net Income (Loss) $ 281,335 $ 602,871
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 292,555 283,736
Deferred income taxes (32,367) (27,322)
Stock-based compensation expense 30,398 33,626
Other non-cash adjustments (5,711) 15
Changes in assets and liabilities, net of assets acquired and liabilities assumed:    
Receivables (33,938) (36,145)
Inventories, net (30,469) (49,236)
Contract assets (12,908) (25,260)
Other current assets (13,437) (10,038)
Other assets and liabilities (21,195) (32,607)
Accounts payable 126,620 141,816
Accrued liabilities (115,532) (136,789)
Contract liabilities 8,017 24,604
Net cash provided by operating activities 473,368 769,271
Cash flows from investing activities:    
Cash used for acquisitions (885,526) (132,918)
Purchases of property, plant and equipment (188,713) (181,319)
Proceeds from sale of property, plant and equipment 15,432 6,298
Cash used for equity investments (666) (7,686)
Net cash used in investing activities (1,059,473) (315,625)
Cash flows from financing activities:    
Borrowings under revolving credit facility 3,823,000 897,000
Repayments under revolving credit facility (3,590,000) (1,262,000)
Proceeds from long-term debt and other loans 750,000 1,000,000
Repayments of long-term debt and other loans (1,450) (1,767)
Payments of loan costs (19,465) (12,829)
Payment of acquisition-related deferred and contingent consideration (2,122) (9,522)
Tax withholdings on and exercises of equity awards (26,505) (54,997)
Repurchase of common stock (413,957) (1,000,118)
Net cash provided by (used in) financing activities 519,501 (444,233)
Net change in cash and cash equivalents (66,604) 9,413
Cash and cash equivalents at beginning of period 153,624 66,156
Cash and cash equivalents at end of period 87,020 75,569
Supplemental disclosures of cash flow information:    
Cash paid for interest 125,333 80,916
Cash paid for income taxes 62,045 202,088
Supplemental disclosures of non-cash activities:    
Accrued consideration for acquisitions 6,344 28
Accrued purchases of property, plant and equipment 7,378 11,437
Right-of-use assets obtained in exchange for operating lease obligations $ 50,436 $ 61,243