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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net income $ 231,431 $ 148,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 113,294 98,114
Amortization of intangible assets 152,381 109,562
Non-cash stock-based compensation 62,634 38,151
Other non-cash adjustments, net 30,705 11,285
Changes in assets and liabilities, net of non-cash transactions:    
Accounts, notes and retainage receivable (745,881) (36,265)
Contract assets (94,771) (48,383)
Inventories (76,750) (2,768)
Prepaid expenses and other current assets 74,647 (13,774)
Accounts payable and accrued expenses, insurance and other non-current liabilities 120,993 (54,486)
Contract liabilities 583,004 6,068
Other assets and liabilities, net (59,943) (13,275)
Net cash provided by operating activities 391,744 243,198
Cash Flows from Investing Activities:    
Capital expenditures (220,093) (132,762)
Proceeds from sale of and insurance settlements related to property and equipment 12,769 7,316
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (22,936) (394,263)
Other, net 8,849 (912)
Net cash used in investing activities (221,411) (520,621)
Cash Flows from Financing Activities:    
Borrowings under credit facility and commercial paper program 16,946,517 5,488,217
Payments under credit facility and commercial paper program (17,000,690) (5,216,815)
Payments related to tax withholding for stock-based compensation (143,523) (71,584)
Payments of dividends (17,161) (15,464)
Repurchase of common stock 0 (118,568)
Other, net (33,603) (13,432)
Net cash (used in) provided by financing activities (248,460) 52,354
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 5,139 2,291
Net decrease in cash, cash equivalents and restricted cash (72,988) (222,778)
Cash, cash equivalents and restricted cash, beginning of period 442,823 746,010
Cash, cash equivalents and restricted cash, end of period $ 369,835 $ 523,232