XML 27 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 148,137 $ 38,241
Restricted cash 244,625 256,237
Derivatives 16,867 17,958
Prepaid expenses and other current assets 2,943 2,089
Total current assets 412,572 314,525
Property, plant and equipment, net 5,020,003 2,437,733
Operating lease right-of-use assets 166,082 170,827
Deferred financing fees 317,788 389,695
Derivatives 472,057 0
Other non-current assets 15,557 11,021
Total assets 6,404,059 3,323,801
Current liabilities:    
Accounts payable 244,642 243,129
Operating lease liabilities 2,881 3,143
Accrued and other current liabilities 347,561 306,115
Total current liabilities 595,084 552,387
Operating lease liabilities 144,164 145,962
Derivative liability 0 66,899
Debt, net 3,920,425 1,816,301
Other non-current liabilities 0 1,818
Total liabilities 4,659,673 2,583,367
Commitments and contingencies (Note 13 )
Equity:    
Common stock, $0.0001 par value, 480.0 million authorized: 260.2 million and 256.5 million outstanding, respectively 26 26
Treasury stock: 3.1 million and 2.2 million respectively, at cost (20,916) (14,214)
Preferred stock, $0.0001 par value, 0.5 million authorized after designation of the convertible preferred stock: none outstanding 0 0
Additional paid-in-capital 852,054 693,883
Accumulated deficit (453,523) (391,772)
Total stockholders' equity 377,641 287,923
Non-controlling interest 1,366,745 452,511
Total equity 1,744,386 740,434
Total liabilities and equity $ 6,404,059 $ 3,323,801