XML 29 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income (loss) $ 448,353 $ 481,902 $ 168,948
Adjustments to reconcile net loss to net cash flow from operating activities:      
Depreciation and amortization 428,626 301,345 146,879
Amortization of intangible assets and contract liabilities, net (60,032) (106,776) (5,352)
Gain on bargain purchase 0 (5,005) 0
(Gain) loss on extinguishment of debt, net 0 26,397 8,912
(Gain) loss on sale of operating assets, net (17,357) 0 (90,230)
Deferred income taxes (42,647) (98,093) (25,628)
Amortization of share-based compensation 43,797 37,680 35,251
Other costs, net (13,964) (8,036) (323)
Changes in components of working capital and other operating activities:      
Change in taxes receivable (15,263) (7,374) 23,344
Net changes in other operating assets and liabilities (116,038) (47,703) 19,184
Net cash provided by (used in) operating activities 655,475 574,337 280,985
Cash flows from investing activities      
Capital expenditures (575,315) (409,581) (174,319)
Proceeds from insurance claims 23,297 18,809 0
Cash acquired (used) in business combinations, net (417,041) 0 166,607
Proceeds from disposal of assets, net 10,040 24,264 381,026
Other investing activities 0 0 2,458
Net cash provided by (used in) investing activities (959,019) (366,508) 375,772
Cash flows from financing activities      
Issuance of debt 824,000 600,000 350,000
Repayments of debt 0 (673,411) (627,323)
Borrowing on credit facilities 35,000 0 220,000
Repayments of credit facilities (35,000) 0 (220,000)
Debt issuance costs (10,002) (24,914) (641)
Debt extinguishment costs 0 (25,697) 0
Compulsory purchase payment 0 0 (69,924)
Warrant exercises 1,443 485 1,004
Share repurchases (299,989) (94,826) (15,000)
Dividend payments (277,831) (98,804) 0
Taxes withheld employee stock transactions (66,057) (8,624) (5,888)
Finance lease payments (6,064) 0 0
Other 22,578 0 0
Net cash provided by (used in) financing activities 188,078 (325,791) (367,772)
Net increase (decrease) in cash, cash equivalents, and restricted cash (115,466) (117,962) 288,985
Cash, cash equivalents, and restricted cash, beginning of period 367,745 485,707 196,722
Cash, cash equivalents, and restricted cash, end of period $ 252,279 $ 367,745 $ 485,707