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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash, cash equivalents and restricted cash $ 75,036 $ 192,680
Accounts receivable, net of allowance for credit losses of $14,279 and $3,490 at June 30, 2024 and December 31, 2023, respectively 866,931 971,091
Inventory 172,405 180,805
Other current assets 165,003 141,122
Total current assets 1,279,375 1,485,698
Property and equipment, net 3,236,056 3,340,412
Operating lease right of use asset 48,769 47,599
Finance lease right of use asset 29,858 63,228
Goodwill 1,377,448 1,379,741
Intangible assets, net 992,189 1,051,697
Deposits on equipment purchases 37,067 28,305
Other assets 21,569 19,424
Deferred tax assets, net 0 3,927
Total assets 7,022,331 7,420,031
Current liabilities:    
Accounts payable 476,460 534,420
Accrued liabilities 329,226 446,268
Operating lease liability 13,608 13,541
Finance lease liability 19,312 43,980
Current maturities of long-term debt 12,591 12,226
Total current liabilities 851,197 1,050,435
Long-term operating lease liability 38,137 37,848
Long-term finance lease liability 10,848 12,953
Long-term debt, net of debt discount and issuance costs of $8,275 and $8,919 at June 30, 2024 and December 31, 2023, respectively 1,219,156 1,224,941
Deferred tax liabilities, net 280,432 248,107
Other liabilities 14,047 25,066
Total liabilities 2,413,817 2,599,350
Commitments and contingencies (see Note 10)
Stockholders’ equity:    
Preferred stock, par value $0.01; authorized 1,000,000 shares, no shares issued 0 0
Common stock, par value $0.01; authorized 800,000,000 shares with 520,504,043 and 516,775,313 issued and 393,955,237 and 411,195,302 outstanding at June 30, 2024 and December 31, 2023, respectively 5,205 5,166
Additional paid-in capital 6,430,119 6,407,294
Retained earnings 54,209 57,035
Accumulated other comprehensive income (loss) (648) 472
Treasury stock, at cost, 126,548,806 and 105,580,011 shares at June 30, 2024 and December 31, 2023, respectively (1,889,775) (1,657,675)
Total stockholders’ equity attributable to controlling interests 4,599,110 4,812,292
Noncontrolling interest 9,404 8,389
Total equity 4,608,514 4,820,681
Total liabilities and stockholders’ equity $ 7,022,331 $ 7,420,031