Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2025

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

Supplemental Cash Flow Information

The following table provides supplemental cash flow information (in thousands):

	Three Months Ended March 31,
	2025		2024
Supplemental cash flow information:
Interest paid, net of capitalized interest	$	80,706	$	73,789
Income taxes paid (refunded)	256		871
Capitalized interest	20,035		15,232
Supplemental schedule of non-cash investing and financing activities:
Accrued construction costs	128,341		108,797
Increase in ROU asset in exchange for new lease liability related to operating leases	—		4,339
Retained investment in connection with Callan Ridge JV (see Note 8)	—		69,255
Non-cash assets and liabilities assumed in connection with the Merger (see Note 3)	—		2,927,611

The following table summarizes cash, cash equivalents, and restricted cash (in thousands):

	Three Months Ended March 31,
	2025		2024
Beginning of period:
Cash and cash equivalents	$	119,818	$	117,635
Restricted cash	64,487		51,388
Cash, cash equivalents, and restricted cash	$	184,305	$	169,023
End of period:
Cash and cash equivalents	$	70,625	$	101,763
Restricted cash	67,981		55,395
Cash, cash equivalents, and restricted cash	$	138,606	$	157,158

Cash and Cash Equivalents

The Company maintains its cash and cash equivalents at financial institutions insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per institution. As of March 31, 2025 and December 31, 2024, the account balances at certain institutions exceeded the FDIC insurance coverage.