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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income (loss) $ 95,481 $ 108,063
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 86,698 69,942
Amortization of intangible assets and contract liabilities, net (20,353) (53,728)
Deferred income taxes (5,275) (27,237)
Amortization of share-based compensation 7,538 9,651
Other costs, net 1,705 1,184
Changes in components of working capital and other operating activities:    
Change in taxes receivable (32,710) (4,540)
Net changes in other operating assets and liabilities (4,395) (166,415)
Net cash provided by (used in) operating activities 128,689 (63,080)
Cash flows from investing activities    
Capital expenditures (166,610) (62,734)
Net cash provided by (used in) investing activities (166,610) (62,734)
Cash flows from financing activities    
Repayments of debt 0 (152,215)
Warrants exercised 6 21
Share repurchases 0 (10,000)
Dividend payments (59,418) 0
Taxes withheld on employee stock transactions (53,431) (8,327)
Net cash provided by (used in) financing activities (112,843) (170,521)
Net increase (decrease) in cash, cash equivalents, and restricted cash (150,764) (296,335)
Cash, cash equivalents, and restricted cash, beginning of period 367,745 485,707
Cash, cash equivalents, and restricted cash, end of period $ 216,981 $ 189,372