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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash, cash equivalents and restricted cash $ 225,204 $ 241,293
Accounts receivable, net of allowance for credit losses of $15,493 and $15,047 at March 31, 2025 and December 31, 2024, respectively 800,291 763,806
Inventory 167,767 167,023
Other current assets 124,148 123,193
Total current assets 1,317,410 1,295,315
Property and equipment, net 2,937,063 3,010,342
Operating lease right of use asset 42,787 44,385
Finance lease right of use asset 24,258 27,018
Goodwill 487,388 487,388
Intangible assets, net 900,959 929,610
Deposits on equipment purchases 19,895 15,699
Other assets 35,666 23,709
Total assets 5,765,426 5,833,466
Current liabilities:    
Accounts payable 513,963 421,318
Accrued liabilities 273,678 385,751
Operating lease liability 13,590 13,322
Finance lease liability 13,840 15,214
Current maturities of long-term debt 3,217 6,388
Total current liabilities 818,288 841,993
Long-term operating lease liability 32,060 34,305
Long-term finance lease liability 9,187 10,216
Long-term debt, net of debt discount and issuance costs of $7,319 and $7,637 at March 31, 2025 and December 31, 2024, respectively 1,220,083 1,219,770
Deferred tax liabilities, net 238,512 238,097
Other liabilities 11,891 13,241
Total liabilities 2,330,021 2,357,622
Commitments and contingencies (see Note 9)
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 521,755,322 and 520,784,783 issued and 385,978,013 and 387,344,755 outstanding at March 31, 2025 and December 31, 2024, respectively 5,216 5,206
Additional paid-in capital 6,465,885 6,453,606
Retained deficit (1,069,875) (1,039,338)
Accumulated other comprehensive loss (2,873) (2,584)
Treasury stock, at cost, 135,777,309 and 133,440,028 shares at March 31, 2025 and December 31, 2024, respectively (1,971,362) (1,951,067)
Total stockholders’ equity attributable to controlling interests 3,426,991 3,465,823
Noncontrolling interest 8,414 10,021
Total equity 3,435,405 3,475,844
Total liabilities and stockholders’ equity $ 5,765,426 $ 5,833,466