XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 140,818 $ 102,581
Accounts receivable (less allowance for expected credit losses of $16,524 and $15,455, respectively) 733,272 580,668
Contract assets, net 971,607 915,200
Inventories 875,842 847,018
Prepaid expenses and other current assets 51,969 29,707
Income tax receivable 21,054 9,960
Total current assets 2,794,562 2,485,134
Property, plant and equipment, net 578,297 568,607
Operating lease right of use asset, net 168,918 172,206
Customer relationships, net 983,923 1,004,701
Other intangible assets, net 279,943 291,487
Goodwill 1,685,204 1,685,970
Other assets 4,148 4,417
Deferred income tax assets 1,079 1,079
Total assets 6,496,074 6,213,601
Current liabilities:    
Accounts payable 738,930 645,701
Accrued expenses and other current liabilities 104,221 99,572
Accrued employee costs 93,041 79,134
Operating lease liabilities, current 17,003 17,663
Contract liabilities 407,277 400,025
Income taxes payable, current 11,384 6,655
Long-term debt, current portion 23,493 23,449
Total current liabilities 1,396,045 1,273,544
Long-term debt 2,313,520 2,207,977
Operating lease liabilities, non-current 161,790 164,224
Deferred income tax liabilities 163,942 169,824
Other non-current liabilities 22,809 24,628
Total liabilities 4,058,106 3,840,197
Commitments and contingencies (Note 11)
Stockholder's equity    
Common stock ($0.01 par value, 3,500,000,000 shares authorized; 334,461,630 shares issued and outstanding as of March 31, 2025 and December 31, 2024) 3,345 3,345
Additional paid-in capital 3,946,847 3,944,802
Accumulated deficit (1,500,378) (1,563,321)
Accumulated other comprehensive loss (11,846) (11,422)
Total stockholder's equity 2,437,968 2,373,404
Total liabilities and stockholder's equity 6,496,074 6,213,601
Related Parties    
Current liabilities:    
Due to related parties $ 696 $ 1,345