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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income (loss) $ 332,202 $ 33,986
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 218,412 77,109
Amortization of intangible assets and contract liabilities, net (95,540) 36,525
Gain on bargain purchase (5,005) 0
(Gain) loss on extinguishment of debt, net 26,397 196
(Gain) loss on sale of operating assets, net 0 (6,767)
Deferred income taxes (42,445) (22,081)
Amortization of share-based compensation 28,058 20,907
Other costs, net 7,248 (4,334)
Changes in components of working capital and other operating activities    
Change in taxes receivable (17,927) 118
Net changes in other operating assets and liabilities (164,552) (25,853)
Net cash provided by (used in) operating activities 286,848 109,806
Cash flows from investing activities    
Capital expenditures (268,131) (109,235)
Proceeds from disposal of assets, net 0 15,756
Net cash provided by (used in) investing activities (268,131) (93,479)
Cash flows from financing activities    
Issuance of debt 600,000 0
Borrowings on credit facilities 0 220,000
Repayments of debt (673,411) (1,828)
Debt extinguishment costs (25,697) 0
Debt issuance costs (24,914) 0
Warrants exercised 156 784
Share repurchases (80,000) 0
Dividend payments (42,369) 0
Taxes withheld on employee stock transactions (8,612) (4,926)
Net cash provided by (used in) financing activities (254,847) 214,030
Net increase (decrease) in cash, cash equivalents and restricted cash (236,130) 230,357
Cash, cash equivalents and restricted cash, beginning of period 485,707 196,722
Cash, cash equivalents and restricted cash, end of period $ 249,577 $ 427,079