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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income including noncontrolling interests $ 74,196 $ 149,858
Adjustments to reconcile net (loss) income to net cash used in operating activities    
Depreciation and amortization 73,513 87,202
Amortization of debt issue costs 6,563 2,124
Loss (gain) on disposal of property and equipment 573 (27)
Loss on extinguishment of debt 211,018 0
Provision for doubtful accounts 0 91
Deferred taxes (1,015) (8,205)
Foreign currency transaction gains and losses 898 1,479
Equity in losses (earnings) of unconsolidated joint ventures 18,025 (4,497)
Return on investments in unconsolidated joint ventures 31,770 30,328
Stock-based compensation 39,960 23,872
Contributions of treasury stock 43,372 44,072
Changes in assets and liabilities, net of acquisitions and consolidated joint ventures:    
Accounts receivable (116,468) (168,964)
Contract assets (29,597) (120,414)
Prepaid expenses and other assets 32,884 (40,470)
Accounts payable 56,665 48,294
Accrued expenses and other current liabilities 25,654 93,263
Contract liabilities 343 61,503
Income taxes (48,912) 17,395
Other long-term liabilities (22,602) 662
Net cash provided by operating activities 396,840 217,566
Cash flows from investing activities:    
Capital expenditures (30,446) (30,877)
Proceeds from sale of property and equipment 128 274
Payments for acquisitions, net of cash acquired (198,875) (215,497)
Investments in unconsolidated joint ventures (115,446) (81,598)
Return of investments in unconsolidated joint ventures 25 72
Proceeds from sales of investments in unconsolidated joint ventures 0 381
Net cash used in investing activities (344,614) (327,245)
Cash flows from financing activities:    
Proceeds from borrowings under credit agreement 153,200 511,500
Repayments of borrowings under credit agreement (153,200) (436,500)
Proceeds from issuance of convertible notes due 2029 800,000 0
Repurchases of convertible notes due 2025 (495,590) 0
Payments for debt issuance costs (19,185) 0
Contributions by noncontrolling interests 1,038 1,537
Distributions to noncontrolling interests (29,006) (12,156)
Repurchases of common stock (10,000) (8,000)
Taxes paid on vested stock (19,228) (6,941)
Capped call transactions (88,400) 0
Bond Hedge Termination 195,549 0
Redemption of warrants (104,952) 0
Proceeds from issuance of common stock 3,740 2,940
Net cash provided by financing activities 233,966 52,380
Effect of exchange rate changes (312) 166
Net increase (decrease) in cash, cash equivalents, and restricted cash 285,880 (57,133)
Cash, cash equivalents and restricted cash:    
Beginning of year 272,943 262,539
End of period $ 558,823 $ 205,406