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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income (loss) $ 290,489 $ 173,879
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 177,468 141,266
Amortization of intangible assets and contract liabilities, net (42,850) (84,737)
(Gain) loss on extinguishment of debt, net 0 26,397
(Gain) loss on sale of operating assets, net (17,357) 0
Deferred income taxes (47,039) (57,179)
Amortization of share-based compensation 14,327 18,854
Other costs, net (5,766) 5,404
Changes in components of working capital and other operating activities:    
Change in taxes receivable (30,994) (20,284)
Net changes in other operating assets and liabilities (102,798) (55,520)
Net cash provided by (used in) operating activities 235,480 148,080
Cash flows from investing activities    
Capital expenditures (307,651) (169,530)
Proceeds from insurance claims 8,528 0
Proceeds from disposal of assets, net (690) 0
Net cash provided by (used in) investing activities (299,813) (169,530)
Cash flows from financing activities    
Issuance of debt 0 600,000
Borrowings on credit facilities 35,000 0
Repayments of debt 0 (673,411)
Debt extinguishment costs 0 (25,697)
Debt issuance costs 0 (24,914)
Warrants exercised 282 102
Share repurchases 0 (70,000)
Dividend payments (116,581) 0
Taxes withheld on employee stock transactions (53,627) (8,355)
Net cash provided by (used in) financing activities (134,926) (202,275)
Net increase (decrease) in cash, cash equivalents, and restricted cash (199,259) (223,725)
Cash, cash equivalents, and restricted cash, beginning of period 367,745 485,707
Cash, cash equivalents, and restricted cash, end of period $ 168,486 $ 261,982