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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 (loss) income $ (32,943) $ 193,817 $ 8,038
Income from discontinued operations, net of tax 0 222,174 7,022
(Loss) income from continuing operations (32,943) (28,357) 1,016
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 129,677 96,908 62,878
Amortization of intangible assets 1,936 1,545 490
Provision for credit losses 1,452 2,132 2,852
Stock-based compensation expense, net of amount capitalized 9,590 9,837 10,033
Deferred income taxes (9,463) (9,759) 2,973
Impairment expense 0 382 2,552
Gain on sale of FCC spectrum licenses 0 0 (1,328)
Other, net (52) 626 (462)
Changes in assets and liabilities, net of effects of business acquisition:      
Accounts receivable 413 (2,452) (143)
Current income taxes 973 1,382 25,532
Operating lease assets and liabilities, net (914) (361) 65
Other assets (868) (3,268) 4,879
Accounts payable 1,029 (2,240) (2,959)
Other deferrals and accruals 2,441 3,004 (4,048)
Net cash provided by operating activities - continuing operations 103,271 69,379 104,330
Net cash (used in) provided by operating activities - discontinued operations (2,273) (6,812) 9,444
Net cash provided by operating activities 100,998 62,567 113,774
Cash flows from investing activities:      
Capital expenditures (358,919) (319,070) (255,070)
Government grants received 62,515 19,238 1,904
Proceeds from escrow related to business acquisition 6,471 0 0
Cash disbursed for acquisition, net of cash acquired (5,000) (347,411) 0
Proceeds from the sale of FCC spectrum licenses 0 0 17,300
Proceeds from sale of assets and other 269 2,010 655
Net cash used in investing activities - continuing operations (294,664) (645,233) (235,211)
Net cash provided by (used in) investing activities - discontinued operations 0 305,827 (1,480)
Net cash used in investing activities (294,664) (339,406) (236,691)
Cash flows from financing activities:      
Principal payments on long-term debt (592,956) (7,044) 0
Proceeds from credit facility borrowings 816,736 125,000 225,000
Payments for debt issuance and amendment costs (18,691) (4,570) (300)
Proceeds from the issuance of redeemable noncontrolling interest, net of financing fees paid 0 79,380 0
Dividends paid (6,445) (5,805) (4,523)
Taxes paid for equity award issuances (1,035) (1,727) (1,387)
Payments for financing arrangements and other (2,011) (1,378) (679)
Net cash provided by financing activities 195,598 183,856 218,111
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,932 (92,983) 95,194
Cash, cash equivalents, and restricted cash, beginning of period 46,272 139,255 44,061
Cash, cash equivalents, and restricted cash, end of period 48,204 46,272 139,255
Supplemental Disclosures of Cash Flow Information      
Interest paid, net of amounts capitalized $ (20,798) $ (12,075) $ (3,026)