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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income (loss) $ 152,977 $ (1,850,096) $ 414,674
Adjustments to reconcile net income (loss) to net cash flows      
Depreciation, amortization and impairment 260,844 253,719 278,056
Amortization of debt transaction costs 31,722 38,393 34,639
Loss on early extinguishment of debt 0 48,114 0
Private Placement derivatives loss (gain) 364,214 2,007,089 (808,523)
Foreign currency (gain) loss on loans (37,805) 11,278 19,264
Non-cash financial loss (gain) 258,623 161,184 (10,709)
Stock based compensation expense 14,111 17,909 25,263
Interest income (69,374) (48,027) (14,044)
Interest expense 348,764 441,554 404,299
Dividend income (443) (3,477) (763)
Changes in working capital:      
Increase (decrease) in deferred revenue 574,765 167,401 (167,779)
Changes in other liabilities and assets 184,244 128,705 250,351
Increase in inventories (36,554) (9,224) (12,682)
Changes in deferred tax assets and liabilities 9,173 (427) (2,077)
Changes in other non-current assets and other non-current liabilities 19,440 15,308 (27,541)
Changes in related party receivables and payables 12,066 (2,420) (401)
Income taxes paid (4,758) (5,652) (9,362)
Net cash flow from operating activities 2,082,009 1,371,331 372,665
Cash flows from investing activities      
Investments in property, plant and equipment and intangible assets (917,424) (673,932) (954,898)
Capital contribution to associated company (8,500) (7,000) 0
Proceeds from settlement of investment 0 0 100,000
Prepayment for vessel charter 0 (2,403) (1,481)
Dividends received 443 3,477 763
Interest received 71,770 45,631 14,114
Net cash flow used in investing activities (853,711) (634,227) (841,502)
Cash flows from financing activities      
Repayment of borrowings (308,750) (963,758) (227,692)
Proceeds from borrowings 400,988 1,069,088 670,307
Transaction costs incurred for borrowings (46,730) (51,252) (43,504)
Proceeds from initial public offering, net of underwriting discounts and commissions, and offering expenses 243,927 0 0
Taxes paid related to net share settlement of equity awards (124,109) 0 0
Dividend distribution (18,949) (49,634) (46,462)
Proceeds from exercise of stock options 12,294 0 0
Penalties paid for early extinguishment of debt 0 (32,987) 0
Principal payments for lease liabilities (30,709) (20,586) (18,328)
Interest payments for lease liabilities (20,872) (22,763) (13,189)
Interest paid (355,080) (407,759) (402,977)
Other 87 0 912
Net cash flow used in financing activities (247,903) (479,651) (80,933)
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes, Total 980,395 257,453 (549,770)
Effect of exchange rate changes on cash and cash equivalents (4,436) 3,120 (9,863)
Net increase (decrease) in cash and cash equivalents 975,959 260,573 (559,633)
Cash and cash equivalents at January 1 1,513,713 1,253,140 1,812,773
Cash and cash equivalents at December 31 $ 2,489,672 $ 1,513,713 $ 1,253,140