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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income (loss) $ 108,063 $ (36,656)
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 69,942 25,605
Amortization of intangible assets and contract liabilities, net (53,728) 14,099
(Gain) loss on sale of operating assets, net 0 (6,767)
Deferred income taxes (27,237) (6,143)
Amortization of share-based compensation 9,651 6,795
Other costs, net 1,184 (1,190)
Changes in components of working capital    
Change in taxes receivable (4,540) (1,820)
Net changes in other operating assets and liabilities (166,415) (45,736)
Net cash provided by (used in) operating activities (63,080) (51,813)
Cash flows from investing activities    
Capital expenditures (62,734) (47,045)
Proceeds from disposal of assets, net 0 14,247
Net cash provided by (used in) investing activities (62,734) (32,798)
Cash flows from financing activities    
Repayments of debt (152,215) 0
Warrants exercised 21 118
Share repurchases (10,000) 0
Taxes withheld on employee stock transactions (8,327) (4,926)
Net cash provided by (used in) financing activities (170,521) (4,808)
Net increase (decrease) in cash, cash equivalents and restricted cash (296,335) (89,419)
Cash, cash equivalents and restricted cash, beginning of period 485,707 196,722
Cash, cash equivalents and restricted cash, end of period $ 189,372 $ 107,303