XML 27 R7.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 585,872 $ 58,900 $ (103,612)
Adjustments:      
Amortization 251,099 124,974 99,822
Accretion 20,978 18,208 16,381
Deferred income taxes (161,015) (8,734) (1,495)
(Gain) loss on debt extinguishment 113 (417) (3,437)
Fair value adjustments, net 342 0 (3,384)
Stock-based compensation 19,209 12,022 11,361
Gain (Loss) on Disposition of Assets 0 4,250 25,197
Inventory Write-down 0 3,235 40,247
Revenue Recognized (42,824) (55,562) (25,468)
Acquired inventory purchase price allocation 93,477 0 0
Foreign exchange and other 4,306 5,483 3,215
Changes in operating assets and liabilities:      
Receivables (6,688) (504) 933
Prepaid expenses and other current assets 72,634 2,777 (461)
Inventories (51,798) (69,640) (47,592)
Accounts payable and accrued liabilities 101,174 79,242 55,581
Cash provided by (used in) operating activities 886,879 174,234 67,288
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (221,162) (183,188) (364,617)
Acquisitions, net 93,635 (10,000) 0
Proceeds from the sale of assets 13 37 8,546
Sale of investments 0 0 47,611
Proceeds from Collection of Notes Receivable 0 0 5,000
Other (328) (362) (239)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (127,842) (193,513) (303,699)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Issuance of Common Stock 10,005 22,823 168,964
Issuance of notes and bank borrowings, net of issuance costs 166,500 391,500 598,000
Payments on long-term debt, capital leases, and associated costs (417,886) (398,348) (528,541)
Share repurchases (9,625) 0 0
Other (9,625) (2,085) (2,370)
CASH PROVIDED (USED IN) BY FINANCING ACTIVITIES (260,631) 13,890 236,053
Effect of exchange rate changes on cash and cash equivalents 425 (1,115) 567
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 498,831 (6,504) 209
Cash, cash equivalents and restricted cash at beginning of period 56,874 63,378 63,169
Cash, cash equivalents and restricted cash at end of period $ 555,705 $ 56,874 $ 63,378