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UNAUDITED CONDENSED COMBINED/CONSOLIDATED STATEMENTS OF CASH FLOWS (Statement) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities          
Net income $ 38,232 $ 58,818 $ 112,882 $ 150,496 $ 47,947
Adjustments to reconcile net income to net cash provided by operating activities          
Depreciation and amortization 16,678 11,988 25,632 22,311 7,153
Amortization and write-off of deferred financing fees 1,551 4,279 6,068 1,205 902
Stock-based compensation 90,936 0      
Loss on disposition of property and equipment 343 516 581 4 (2,974)
Loss on investment in partnership 4,288 0 391 346 (232)
Gain on other investments (476) 0      
Deferred taxes (15,969) (7,253) (9,923) 3,573 7,490
Noncash lease expense 15,185 9,093 22,727 14,464 1,329
Change in operating assets and liabilities          
Accounts receivable, net (62,770) (76,563) (176,883) (114,416) (36,903)
Other receivables 1,863 (9,925) (3,059) (202) (3,185)
Prepaid expenses and other current assets (18,286) 378 (18,765) (6,371) 14,967
Other assets (1,021) (12,009) (3,338) (39,341) 2,193
Escrow funds (3,882) 2,130 568 (4,526) (5,112)
Operating lease obligations (9,859) (1,320) (2,011) (92) (1,091)
Accounts payable (17,203) 33,467 33,371 32,808 30,778
Accrued payroll and benefits 14,843 7,092 6,325 (5,564) 6,825
Accrued self-insurance liabilities 29,660 40,413 35,576 67,636 32,633
Other accrued expenses 5,492 (36,367) (55,501) (24,390) (25,294)
Other liabilities 3,995 33,475 89,056 168 (20,168)
NET CASH PROVIDED BY OPERATING ACTIVITIES 93,600 58,212 63,697 92,615 57,602
Cash flows from investing activities          
Investment in partnership (5,081) 0 (2,597) 0 (15,714)
Non-operating distributions from investment in partnership 1,190 945 1,862 2,905 877
Purchase of investments (35,000) 0      
Acquisition of facilities (174,650) (52,365) (127,024) (55,374) (79,676)
Purchase of property and equipment (26,093) (16,591) (45,782) (22,862) (124,087)
Cash proceeds from the sale of assets 0 750 750 10 0
NET CASH USED IN INVESTING ACTIVITIES (239,634) (67,261) (172,791) (75,321) (218,600)
Cash flows from financing activities          
Borrowing on lines-of-credit, net of deferred financing fees 288,000 178,905 855,704 154,528 460,923
Payments on lines-of-credit (560,000) (222,002) (497,986) (119,149) (352,120)
Dividends on common stock (33,721) (43,728) (80,394) (60,280) (53,797)
Contributions from non-controlling interest 502 0 587 3,246 0
Borrowings of long-term debt, net of deferred financing fees 39,757 315,167 411,313 87,906 161,474
Payments on long-term debt (9,913) (236,969) (559,632) (53,901) (34,432)
Proceeds from initial public offering, net of issuance costs 414,157 0      
Taxes paid related to net share settlement of stock-based compensation awards (33,598) 0      
NET CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES 105,184 (8,627) 129,592 12,350 182,048
Net change in cash (40,850) (17,676) 20,498 29,644 21,050
Cash, cash equivalents, and restricted cash - beginning of period 118,704 98,206 98,206 68,562 47,512
Cash, cash equivalents, and restricted cash - end of period 77,854 80,530 118,704 98,206 68,562
Supplemental disclosures of cash flow information          
Interest 25,550 28,004 50,558 25,911 6,943
Income taxes 43,455 16,540 60,009 42,554 29,110
Non-cash financing and investing activity          
Accrued capital expenditures 5,154 2,552 3,000 717 1,799
Assets acquired in operation expansions 0 3,635      
Assets acquired in operation expansions in exchange for notes payable          
Non-cash financing and investing activity          
Assets acquired in operation expansions     $ 2,150 $ 8,200 $ 12,800
Assets acquired in operation expansions through settlement of notes receivable          
Non-cash financing and investing activity          
Assets acquired in operation expansions $ 500 $ 0