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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) including noncontrolling interests $ (11,393) $ 90,047
Adjustments to reconcile net (loss) income to net cash used in operating activities    
Depreciation and amortization 48,971 57,048
Amortization of debt issue costs 5,326 1,414
Loss (gain) on disposal of property and equipment 408 43
Loss on extinguishment of debt 211,018 0
Provision for doubtful accounts 0 91
Deferred taxes (222) (5,220)
Foreign currency transaction gains and losses 2,039 230
Equity in losses of unconsolidated joint ventures 18,897 5,765
Return on investments in unconsolidated joint ventures 20,788 9,313
Stock-based compensation 20,675 15,978
Contributions of treasury stock 30,140 29,167
Changes in assets and liabilities, net of acquisitions and consolidated joint ventures:    
Accounts receivable (131,414) (227,756)
Contract assets (47,905) (78,254)
Prepaid expenses and other assets (9,396) (40,899)
Accounts payable 10,585 35,043
Accrued expenses and other current liabilities (10,533) 33,336
Contract liabilities (1,360) 76,522
Income taxes (52,509) 10,309
Other long-term liabilities (6,308) 1,809
Net cash provided by operating activities 97,807 13,986
Cash flows from investing activities:    
Capital expenditures (18,698) (17,956)
Proceeds from sale of property and equipment 53 65
Payments for acquisitions, net of cash acquired (63) (42,273)
Investments in unconsolidated joint ventures (70,032) (24,507)
Return of investments in unconsolidated joint ventures 25 72
Proceeds from sales of investments in unconsolidated joint ventures 0 381
Net cash used in investing activities (88,715) (84,218)
Cash flows from financing activities:    
Proceeds from borrowings under credit agreement 153,200 187,400
Repayments of borrowings under credit agreement (153,200) (187,400)
Proceeds from issuance of convertible notes due 2029 800,000 0
Repurchases of convertible notes due 2025 (495,575) 0
Payments for debt issuance costs (19,185) 0
Contributions by noncontrolling interests 77 200
Distributions to noncontrolling interests (15,249) (2,487)
Repurchases of common stock (10,000) (8,000)
Taxes paid on vested stock (18,940) (6,838)
Capped call transactions (88,400) 0
Bond Hedge Termination 195,549 0
Redemption of warrants (104,952) 0
Proceeds from issuance of common stock 3,740 2,940
Net cash (used in) provided by financing activities 247,065 (14,185)
Effect of exchange rate changes (638) 467
Net increase (decrease) in cash, cash equivalents, and restricted cash 255,519 (83,950)
Cash, cash equivalents and restricted cash:    
Beginning of year 272,943 262,539
End of period $ 528,462 $ 178,589