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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 266,824 $ 48,739 $ 370,903 $ 21,048
Adjustments:        
Amortization 72,930 33,216 177,444 88,441
Accretion 4,988 4,233 14,620 12,463
Deferred income taxes (145,740) (816) (175,297) (5,604)
(Gain) loss on debt extinguishment 6 0 6 (417)
Fair value adjustments, net 0 0 342 0
Stock-based compensation 5,012 2,809 12,527 9,789
Inventory Write-down 0 0 0 3,235
Revenue Recognized (153) (130) (42,661) (55,407)
Acquired inventory purchase price allocation 33,443 0 90,163 0
Foreign exchange and other 1,392 (1,119) 5,944 10,259
Changes in operating assets and liabilities:        
Receivables (7,132) 1,616 (7,953) (520)
Prepaid expenses and other current assets (7,489) (352) 77,000 3,185
Inventories (5,011) (14,320) (27,484) (53,788)
Accounts payable and accrued liabilities 18,636 37,187 16,738 77,757
Cash provided by (used in) operating activities 237,706 111,063 512,292 110,441
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (49,034) (41,980) (159,843) (135,468)
Acquisitions, net (10,000) (10,000) 93,635 (10,000)
Proceeds from the sale of assets (76) 1 4 25
Other (80) (70) (255) (285)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (59,190) (52,049) (66,459) (145,728)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Issuance of Common Stock 320 0 9,769 22,823
Issuance of notes and bank borrowings, net of issuance costs 20,000 77,500 166,500 327,500
Payments on long-term debt, capital leases, and associated costs (37,486) (133,250) (394,451) (297,128)
Share repurchases (5,334) 0 (7,338) 0
Other (1,388) (208) (9,293) (2,018)
CASH PROVIDED (USED IN) BY FINANCING ACTIVITIES (23,888) (55,958) (234,813) 51,177
Effect of exchange rate changes on cash and cash equivalents 78 (263) 282 (584)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 154,706 2,793 211,302 15,306
Cash, cash equivalents and restricted cash at beginning of period 113,470 75,891 56,874 63,378
Cash, cash equivalents and restricted cash at end of period $ 268,176 $ 78,684 $ 268,176 $ 78,684