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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net Income (Loss) $ (74,235) $ 255,584
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by Operating Activities:    
Depreciation, Depletion and Amortization 441,825 165,173
Gain on Sale of Assets (6,159) (6,960)
Stock-Based Compensation 35,943 9,406
Loss on Debt Extinguishment 11,680 0
Deferred Income Taxes (49,650) 360
Loss from Equity Method Investments 12,841 905
Other Adjustments to Net (Loss) Income 3,294 (276)
Changes in Operating Assets:    
Accounts and Notes Receivable (35,767) 15,420
Inventories (4,091) (28,461)
Other Current Assets (24,360) 1,844
Changes in Other Assets 26,768 (1,479)
Changes in Operating Liabilities:    
Accounts Payable (63,460) 4,298
Other Operating Liabilities (14,058) (8,887)
Payments on Asset Retirement Obligations (25,094) (21,379)
Changes in Other Liabilities (37,035) (30,468)
Net Cash Provided by Operating Activities 198,442 355,080
Cash Flows from Investing Activities:    
Capital Expenditures (203,304) (137,148)
Proceeds from Sales of Assets 6,514 7,320
Proceeds from Sales of Short-Term Investments 80,165 44,075
Purchases of Short-Term Investments (4,802) (43,265)
Net Cash and Restricted Cash Acquired from Merger 368,726 0
Purchase of Arch Tax-Exempt Bonds (98,225) 0
Investments in DTA (10,640) 0
Other Investing Activity (6,834) (5,682)
Net Cash Provided by (Used in) Investing Activities 131,600 (134,700)
Cash Flows from Financing Activities:    
Payments on Finance Lease Obligations (8,910) (8,258)
Proceeds from Long-Term Debt 114,439 0
Payments on Other Debt (12,412) (905)
Shares Withheld for Taxes (14,068) (5,540)
Repurchases of Common Stock (202,591) (70,879)
Debt-Related Financing Fees (20,477) 0
Payments of Excise Tax on Share Repurchases (934) 0
Dividends and Dividend Equivalents Paid (21,050) (8,451)
Net Cash Used in Financing Activities (166,003) (94,033)
Net Increase in Cash and Cash Equivalents and Restricted Cash 164,039 126,347
Cash and Cash Equivalents and Restricted Cash at Beginning of Period 447,542 243,268
Cash and Cash Equivalents and Restricted Cash at End of Period 611,581 369,615
Non-Cash Investing and Financing Activities:    
Equipment Financing 91,638 3,248
Equity Issued as Consideration for Merger $ 2,481,368 $ 0