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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Feb. 05, 2021
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities        
Net income (loss) $ 250,228 $ 101,982 $ 481,902 $ 168,948
Adjustments to reconcile net loss to net cash flow from operating activities:        
Depreciation and amortization 20,622 89,535 301,345 146,879
Amortization of intangible assets and contract liabilities, net 0 51,540 (106,776) (5,352)
Gain on bargain purchase 0 (62,305) (5,005) 0
(Gain) loss on extinguishment of debt, net 0 0 26,397 8,912
(Gain) loss on sale of operating assets, net 0 (185,934) 0 (90,230)
Reorganization items, net (280,790) 0 0 0
Deferred income taxes 2,501 (34,264) (98,093) (25,628)
Amortization of share-based compensation 710 16,510 37,680 35,251
Other costs, net (10,754) 1,146 (8,036) (323)
Changes in components of working capital and other operating activities:        
Change in taxes receivable (1,789) 27,847 (7,374) 23,344
Net changes in other operating assets and liabilities (26,176) 45,559 (47,703) 19,184
Net cash provided by (used in) operating activities (45,448) 51,616 574,337 280,985
Cash flows from investing activities        
Capital expenditures (14,629) (154,411) (409,581) (174,319)
Proceeds from insurance claims 0 0 18,809 0
Cash acquired in stock-based business combinations, net 0 54,970 0 166,607
Proceeds from disposal of assets, net 194 307,324 24,264 381,026
Other investing activities 0 0 0 2,458
Net cash provided by (used in) investing activities (14,435) 207,883 (366,508) 375,772
Cash flows from financing activities        
Issuance of debt 200,000 0 600,000 350,000
Repayments of debt 0 0 (673,411) (627,323)
Borrowing on credit facilities 177,500 40,000 0 220,000
Repayments of credit facilities (545,000) (217,500) 0 (220,000)
Debt issuance costs (23,664) 0 (24,914) (641)
Debt extinguishment costs 0 0 (25,697) 0
Compulsory purchase payment 0 0 0 (69,924)
Warrant exercises 0 730 485 1,004
Share repurchases 0 0 (94,826) (15,000)
Dividend payments 0 0 (98,804) 0
Taxes withheld employee stock transactions (1) 0 (8,624) (5,888)
Net cash provided by (used in) financing activities (191,165) (176,770) (325,791) (367,772)
Net increase (decrease) in cash, cash equivalents and restricted cash (251,048) 82,729 (117,962) 288,985
Cash, cash equivalents and restricted cash, beginning of period 365,041 113,993 485,707 196,722
Cash, cash equivalents and restricted cash, end of period $ 113,993 $ 196,722 $ 367,745 $ 485,707