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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 153,726 $ 100,409
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,546 42,529
Amortization of debt issuance costs and non-cash interest 877 1,334
Gain on disposal of property and equipment (3,280) (4,102)
Deferred taxes 6,107 10,188
Stock-based compensation 13,753 10,975
Changes in operating assets and liabilities (Note 14) 101,106 169,882
Net cash provided by operating activities 322,835 331,215
Cash flows from investing activities:    
Acquisitions, net of cash acquired (4,827) 0
Disposition proceeds 0 14,000
Capital expenditures (65,309) (49,244)
Proceeds from sale of property and equipment 7,834 9,607
Net cash used in investing activities (62,302) (25,637)
Cash flows from financing activities:    
Repayments of debt (19,931) (76,850)
Repurchase of common stock (50,596) 0
Withholding taxes paid on net share settlement of equity awards (13,408) (4,579)
Other (34) (16)
Net cash used in financing activities (83,969) (81,445)
Net change in cash, cash equivalents, and restricted cash 176,564 224,133
Cash, cash equivalents and restricted cash at beginning of period 471,563 185,265
Cash, cash equivalents and restricted cash at end of period 648,127 409,398
Less: restricted cash 0 0
Cash and cash equivalents at end of period 648,127 409,398
Non-cash items:    
Capital expenditures $ 247 $ 4,151