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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Operating activities:      
Net income $ 62,943 $ 3,187  
Adjustments to reconcile net loss from operations to net cash provided by operating activities:      
Depreciation and amortization 48,676 47,377  
Amortization of deferred finance charges and discounts 1,666 3,501  
Amortization of loss on derivative instruments   (303)  
Amortization of interest cap premiums 2,699 1,838  
Payment of interest rate cap premiums (2,747) (1,726)  
Stock compensation expense 2,045    
Loss on debt extinguishment 0 3,577  
Gain from disposals, net   (195)  
Non-cash lease expense 199 235  
Deferred income taxes (5,751) (3,421)  
Foreign exchange loss (gain) 292 (842)  
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net (152,604) (65,986)  
Contract assets, net (56,407) 35,581  
Inventories (28,824) (57,969)  
Prepaid expenses and other current assets (22,893) (11,480)  
Accounts payable, accrued expenses, and other current liabilities 126,482 60,300  
Contract liabilities 7,252 (104,651)  
Due to/from related parties (649) 1,225  
Income taxes payable and receivable (6,365) 6,201  
Net cash used in operating activities (23,986) (83,551)  
Investing activities:      
Purchase of property, plant and equipment (25,338) (18,491)  
Purchase of intangible assets (15,000) (54)  
Proceeds from disposal of property, plant and equipment 268 533  
Net cash used in investing activities (40,070) (18,012)  
Financing activities:      
Proceeds from long-term debt 195,000 387,969  
Repayment of long-term debt (90,964) (308,265)  
Payment of deferred financing charges   (391)  
Repayments of long-term agreements (1,602) (1,812)  
Net cash provided by financing activities 102,434 77,501  
Effect of exchange rate changes on cash (141) 235  
Net increase (decrease) in cash 38,237 (23,827)  
Cash at beginning of the period 102,581 57,982 $ 57,982
Cash at end of the period 140,818 34,155 $ 102,581
Supplemental disclosure of non-cash investing activities:      
Acquisition of property, plant and equipment, liability incurred, but not paid 991 151  
Acquisition of intangible assets, liability incurred but not paid $ 0 $ 97