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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income (loss) $ 261,236 $ 276,318
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 138,208 128,590
Amortization of debt financing costs and discounts on debt 3,774 3,803
Non-cash operating lease expense 46,303 44,482
Share-based compensation expense 20,997 17,225
Deferred income taxes 14,826 16,497
Non-cash interest income (1,271) 0
Non-cash impairment of assets 32,272 10,500
Other operating activities (2,390) 2,328
Changes in operating assets and liabilities, excluding the impact of acquisitions:    
Accounts receivable, net 16,953 28,107
Inventories (410) (485)
Prepaid expenses and other current assets 2,960 7,884
Income taxes (receivable) payable, net 7,925 (15,859)
Other assets, net 1,235 2,059
Accounts payable and accrued liabilities (35,665) (13,686)
Operating lease liabilities (46,303) (44,482)
Other liabilities 762 531
Net cash provided by operating activities 461,412 463,812
Cash Flows from Investing Activities    
Capital expenditures (294,322) (204,031)
Payments received on note receivable 0 208
Advances made under note receivable (31,780) 0
Cash paid for asset acquisitions (41,461) 0
Other investing activities (8,318) (1,702)
Net cash used in investing activities (375,881) (205,525)
Cash Flows from Financing Activities    
Borrowings under credit facility 1,375,200 820,900
Payments under credit facility (987,400) (779,600)
Share-based compensation activities (6,002) (9,605)
Shares repurchased and retired (432,997) (281,186)
Dividends paid (29,410) (31,774)
Other financing activities (6) (89)
Net cash used in financing activities (80,615) (281,354)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (267) (134)
Change in cash, cash equivalents and restricted cash 4,649 (23,201)
Cash, cash equivalents and restricted cash, beginning of period 321,364 307,930
Cash, cash equivalents and restricted cash, end of period 326,013 284,729
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized 95,326 84,300
Cash received for interest 0 213
Cash paid for income taxes 62,421 85,830
Supplemental Schedule of Non-cash Investing and Financing Activities    
Payables incurred for capital expenditures 32,942 23,541
Dividends declared not yet paid 14,534 15,736
Asset acquisition in exchange for contingent consideration 38,539 0
Derecognition of right-of-use operating lease asset 36,883 0
Derecognition of lease liability $ (36,883) $ 0