XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities    
Net loss $ (1,383) $ (3,005)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 44,899 37,687
Amortization of deferred financing costs, net 2,684 2,775
Amortization of right-to-use lease assets 1,254 705
Stock-based compensation 14,489 7,362
Deferred income taxes (984) (2,118)
(Gain) loss on foreign currency (982) 48
Write-off of unamortized deferred financing costs due to debt extinguishment 7,111 0
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (8,891) (2,221)
Unearned passenger revenues 41,134 48,440
Other long-term assets (1,023) (519)
Other long-term liabilities (1,010) 0
Accounts payable and accrued expenses 1,147 2,256
Operating lease liabilities (1,304) (735)
Net cash provided by operating activities 97,141 90,675
Cash Flows From Investing Activities    
Purchases of property and equipment (36,778) (23,647)
Acquisitions (net of cash acquired) (17,359) (10,741)
Net cash used in investing activities (54,137) (34,388)
Cash Flows From Financing Activities    
Proceeds from long-term debt 675,010 0
Repayments of long-term debt (635,029) (78)
Payment of deferred financing costs (11,777) (21)
Additional acquisition of redeemable noncontrolling interest 0 (16,720)
Repurchase under stock-based compensation plans and related tax impacts 3,061 (2,237)
Net cash provided by (used in) financing activities 31,265 (19,056)
Net increase in cash, cash equivalents and restricted cash 73,981 37,231
Cash, cash equivalents and restricted cash at beginning of period 216,143 187,344
Cash, cash equivalents and restricted cash at end of period 290,124 224,575
Effect of exchange rate changes on cash (288) 0
Supplemental disclosures of cash flow information:    
Interest 43,875 36,994
Income taxes 2,239 0
Non-cash investing and financing activities:    
Shares issued in connection with acquisition 0 6,000
Non-cash preferred stock dividend 3,667 3,455
Additional paid-in capital exercise proceeds of option shares 358 117
Additional paid-in capital exchange proceeds used for option shares $ (358) $ (117)