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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 121,853 $ 70,726 $ 368,614 $ 104,079
Adjustments:        
Amortization 255,985 61,421 355,810 104,514
Accretion 6,088 4,900 10,927 9,632
Deferred income taxes (8,336) (12,204) (9,901) (29,557)
Loss on debt extinguishment 320 0 1,874 0
Fair value adjustments, net 0 (4) 0 342
Stock-based compensation 7,406 4,217 16,033 7,515
Revenue Recognized (138) (192) (298) (42,508)
Acquired inventory purchase price allocation 140,076 29,680 225,438 56,720
Foreign exchange and other (9,946) 3,029 (10,439) 4,552
Changes in operating assets and liabilities:        
Receivables 17,890 (4,766) 13,157 (821)
Prepaid expenses and other current assets (22,944) 2,424 (23,371) 84,489
Inventories (24,463) (14,125) (51,266) (22,473)
Accounts payable and accrued liabilities 29,441 61,845 (42,510) (1,898)
Cash provided by (used in) operating activities 513,232 206,951 854,068 274,586
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (125,709) (60,807) (199,788) (110,809)
Acquisitions, net 0 239 128,259 103,635
Proceeds from the sale of assets 670 80 1,933 80
Purchase of investments (45) 0 (45) 0
Other (63) (85) (133) (175)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (125,147) (60,573) (69,774) (7,269)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Issuance of Common Stock 349 9,147 750 9,449
Issuance of notes and bank borrowings, net of issuance costs 0 47,000 0 146,500
Payments on long-term debt, capital leases, and associated costs (44,937) (164,731) (55,220) (356,965)
Performance share cash settlement (732) 0 (41,763) 0
Dividend payments (20,645) 0 (20,645) 0
Share repurchases (110,422) (2,004) (110,422) (2,004)
Other (715) (2,184) (54,674) (7,905)
CASH PROVIDED (USED IN) BY FINANCING ACTIVITIES (177,102) (112,772) (281,974) (210,925)
Effect of exchange rate changes on cash and cash equivalents (1,101) 496 (2,143) 204
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 209,882 34,102 500,177 56,596
Cash, cash equivalents and restricted cash at beginning of period 846,000 79,368 555,705 56,874
Cash, cash equivalents and restricted cash at end of period $ 1,055,882 $ 113,470 $ 1,055,882 $ 113,470