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Consolidated Statements of Cash Flows - USD ($)
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 23, 2021
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Operating activities:        
Net loss $ (1,961,989,000) $ (177,344,000) $ (44,706,000) $ (103,211,000)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation 92,758,000 68,504,000 111,301,000 103,478,000
Loss on impairment of assets 197,027,000 132,449,000 0 0
Reorganization items,net 1,587,392,000 0 0 0
Gain on disposition of assets (5,486,000) (1,024,000) (4,382,000) (4,895,000)
Loss on extinguishment of long-term debt 0 0 6,529,000 0
Deferred tax provision (35,894,000) (3,482,000) (4,617,000) 479,000
Stock-based compensation expense 0 10,766,000 14,103,000 20,159,000
Contract liabilities, net 10,617,000 48,293,000 4,580,000 (36,292,000)
Contract assets, net (742,000) (1,418,000) (2,434,000) 1,694,000
Deferred contract costs, net (12,034,000) (13,081,000) (12,099,000) (1,594,000)
Long-term employee remuneration programs 475,000 119,000 0 0
Collateral deposits 0 6,030,000 (11,857,000) 17,479,000
Other assets, noncurrent 2,685,000 361,000 1,254,000 (2,950,000)
Other liabilities, noncurrent (371,000) (2,092,000) (709,000) 115,000
Other 2,683,000 1,579,000 2,900,000 2,256,000
Changes in operating assets and liabilities:        
Accounts receivable 2,108,000 (16,984,000) (88,714,000) (25,718,000)
Prepaid expenses and other current assets (2,791,000) 305,000 (3,887,000) 2,028,000
Accounts payable and accrued liabilities 29,302,000 (40,133,000) 21,369,000 55,006,000
Taxes payable (5,804,000) 6,056,000 23,149,000 (19,170,000)
Net cash provided by (used in) operating activities (100,064,000) 18,904,000 11,780,000 8,864,000
Investing activities:        
Capital expenditures (49,119,000) (42,812,000) (131,449,000) (60,023,000)
Proceeds from disposition of assets, net of disposal costs 7,484,000 1,053,000 11,105,000 5,959,000
Deposits on asset sales 0 0 307,000 1,670,000
Net cash used in investing activities (41,635,000) (41,759,000) (120,037,000) (52,394,000)
Financing activities:        
Proceeds from issuance of second lien notes 0 0 550,000,000 0
Repayments of revolving credit facility (442,034,000) 0 0 0
Borrowings on exit facilities 200,000,000 50,000,000 40,000,000 94,000,000
Extinguishment of long-term debt 0 0 (192,182,000) 0
Repayments on exit facilities 0 (70,000,000) (214,000,000) 0
Debt issuance costs and arrangement fees (6,218,000) 0 (17,242,000) 0
Issuance of exit notes 75,000,000 0 0 0
Principal payments of finance lease liabilities 0 (9,845,000) (16,965,000) (15,865,000)
Net cash provided by (used in) financing activities (173,252,000) (29,845,000) 149,611,000 78,135,000
Net change in cash, cash equivalents and restricted cash (314,951,000) (52,700,000) 41,354,000 34,605,000
Cash, cash equivalents and restricted cash, beginning of period 430,380,000 115,429,000 97,334,000 62,729,000
Cash, cash equivalents and restricted cash, end of period $ 115,429,000 $ 62,729,000 $ 138,688,000 $ 97,334,000