XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income/(loss) $ (70,957) $ 70,310
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation 61,577 61,813
Amortization 3,903 5,190
Change in deferred taxes and other liabilities (21,864) (7,552)
Impairment of property, plant and equipment (390) 1,425
Non-cash interest expense 777 769
Contract loss provision 139,665 0
Compensation and benefits paid or payable in Class A Common Stock 9,882 4,438
Provision/(recovery) for credit losses from uncollected receivables and contract assets 553 40
Foreign currency remeasurement loss/(gain) on intercompany loans 7,587 2,263
Fair value adjustment on foreign currency contracts 0 1,105
Gain on sale of assets (1,566) (515)
Changes in operating assets and liabilities that provided/(used) cash:    
Accounts receivable 2,152 17,980
Contract assets (7,952) (15,194)
Inventories (5,105) 5,918
Prepaid expenses and other current assets (3,286) 2,768
Income taxes prepaid and receivable (13,825) 2,602
Accounts payable 18,684 7,316
Accrued liabilities (22,887) (8,320)
Income taxes payable (13,022) (11,995)
Other noncurrent liabilities (4,307) (17)
Other, net (847) (359)
Net cash provided by operating activities 78,772 139,985
Cash flows from investing activities:    
Purchases of property, plant and equipment (47,559) (61,985)
Purchased software (1,250) (101)
Proceeds received from sale of assets 3,243 1,033
Net cash used in investing activities (45,566) (61,053)
Cash flows from financing activities:    
Proceeds from borrowings 231,999 48,106
Repayment of borrowings (82,044) (142,691)
Purchase of Treasury shares (170,964) 0
Taxes paid in lieu of share issuance (2,521) (2,832)
Dividends paid (24,738) (24,356)
Net cash used in financing activities (48,268) (121,773)
Effect of exchange rate changes on cash and cash equivalents 8,089 (3,357)
Decrease in cash and cash equivalents (6,973) (46,198)
Cash and cash equivalents at beginning of period 115,283 173,420
Cash and cash equivalents at end of period $ 108,310 $ 127,222