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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Income (loss) from continuing operations $ (51,760) $ 1,940
Income from discontinued operations, net of tax 852,590 10,480
Net income 800,830 12,420
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:    
Net gain on dispositions of assets (1,040,010) (5,290)
Depreciation 10,390 9,640
Amortization of intangible assets 4,130 4,190
Amortization of debt issue costs 240 240
Deferred income taxes 53,770 1,970
Non-cash compensation expense 3,070 2,990
Provision for losses on accounts receivable (70) (780)
Increase in receivables (23,020) (14,670)
Increase in inventories (16,560) (4,610)
Decrease in prepaid expenses and other assets 4,590 3,890
Increase in accounts payable and accrued liabilities 182,800 1,060
Other operating activities 460 (1,860)
Net cash provided by (used for) operating activities, net of acquisition impact (19,380) 9,190
Cash Flows from Investing Activities:    
Capital expenditures (5,220) (12,940)
Acquisition of businesses, net of cash acquired 0 (37,160)
Net proceeds from disposition of business, property and equipment 1,436,530 20,490
Net cash provided by (used for) investing activities 1,431,310 (29,610)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 233,000 98,200
Repayments of borrowings on revolving credit facilities (305,730) (62,930)
Debt financing fees 0 (1,260)
Payments to purchase common stock (54,530) (460)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (3,460) (1,760)
Dividends paid (1,490) (1,610)
Other financing activities (130) (120)
Net cash provided by (used for) financing activities (132,340) 30,060
Increase for the period 1,279,590 9,640
At beginning of period 30,020 23,070
At end of period 1,309,610 32,710
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,500 760
Cash paid for taxes 230 2,990
Non-cash property additions $ 3,280 $ 0