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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash flows from operating activities:      
Net income (loss) $ 12,327 $ (34,459)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 76,225 107,435  
Amortization of intangible assets 32,636 33,691  
Non-cash stock-based compensation expense 6,943 9,673  
Benefit from deferred income taxes (13,618) (44,137)  
(Recovery of) provision for credit losses (706) 5,188  
Equity in earnings of unconsolidated affiliates, net (10,313) (9,219)  
(Gains) losses on sales and impairments of assets, net (6,019) 863  
Non-cash interest expense, net 1,197 1,260  
Other non-cash items, net (11) 4,958  
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 37,252 75,584  
Contract assets 39,472 171,133  
Inventories 634 5,912  
Other assets, current and long-term portion (17,680) 33,419  
Accounts payable and accrued expenses (114,224) (315,792)  
Contract liabilities 30,654 67,703  
Other liabilities, current and long-term portion 3,596 (5,462)  
Net cash provided by operating activities 78,365 107,750  
Cash flows from investing activities:      
Cash paid for acquisitions, net of cash acquired (4,731) (61)  
Capital expenditures (47,264) (25,409)  
Proceeds from sales of property and equipment 13,858 10,850  
Payments for other investments 0 (63)  
Proceeds from other investments 2,650 0  
Other investing activities, net 582 1,652  
Net cash used in investing activities (34,905) (13,031)  
Cash flows from financing activities:      
Proceeds from credit facilities 516,500 863,000  
Repayments of credit facilities and term loans (528,064) (1,186,938)  
Payments of finance lease obligations (39,915) (36,693)  
Repurchases of common stock (26,843) 0  
Payments of acquisition-related contingent consideration (302) 0  
Payments to non-controlling interests, including acquisition of interests and distributions (6,992) (6,835)  
Payments for stock-based awards (4,762) (2,724)  
Other financing activities, net (7,316) (4,632)  
Net cash used in financing activities (97,694) (374,822)  
Effect of currency translation on cash 80 (132)  
Net decrease in cash and cash equivalents (54,154) (280,235)  
Cash and cash equivalents - beginning of period 399,903 529,561 $ 529,561
Cash and cash equivalents - end of period 345,749 249,326 $ 399,903
Supplemental cash flow information:      
Interest paid 45,016 61,820  
Income tax refunds, net of payments (2,074) (3,792)  
Supplemental disclosure of non-cash information:      
Additions to property and equipment from finance leases and other financing arrangements $ 64,061 $ 20,602