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Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues and sales:      
Total revenues and sales $ 2,234.5 $ 1,166.9 $ 1,149.8
Costs and expenses:      
Selling, general and administrative 351.5 105.0 100.5
Depreciation and amortization 666.6 314.9 310.5
Goodwill impairment 0.0 0.0 204.0
Gain on sale of operating assets 0.0 (19.0) 0.0
Transaction related and other costs 211.8 38.7 12.6
Total costs and expenses 1,972.5 579.9 771.9
Operating income 262.0 587.0 377.9
Other income (expense), net 8.1 0.3 (18.4)
Loss on extinguishment of debt (183.0) 0.0 (31.2)
Gain on settlement of preexisting relationships 1,683.9 0.0 0.0
Interest expense, net (602.8) (511.4) (481.2)
Income (loss) before income taxes 1,168.2 75.9 (152.9)
Income tax benefit 136.5 17.5 68.5
Adjustments for equity in earnings from unconsolidated entities 0.0 0.0 2.7
Net income 1,304.7 93.4 (81.7)
Participating securities’ share in earnings (30.6) (2.1) (1.2)
Dividends declared on preferred stock (25.4) 0.0 0.0
Net income (loss) attributable to common shareholders $ 1,248.7 $ 91.3 $ (82.9)
Net income (loss) attributable to common shareholders      
Basic (in dollars per share) $ 6.61 $ 0.64 $ (0.58)
Diluted (in dollars per share) $ 4.87 $ 0.64 $ (0.58)
Weighted-average number of common shares outstanding:      
Basic (in shares) 189.0 143.1 142.5
Diluted (in shares) 266.5 143.1 142.5
Service revenues      
Revenues and sales:      
Total revenues and sales $ 2,171.7 $ 1,148.8 $ 1,133.0
Costs and expenses:      
Cost of services and sales (exclusive of depreciation and amortization included below) 686.6 128.6 132.2
Sales revenues      
Revenues and sales:      
Total revenues and sales 62.8 18.1 16.8
Costs and expenses:      
Cost of services and sales (exclusive of depreciation and amortization included below) $ 56.0 $ 11.7 $ 12.1