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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
shares in Thousands, $ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 218,028 $ 153,726
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 54,526 50,546
Amortization of debt issuance costs and non-cash interest 633 877
Gain on disposal of property and equipment (2,500) (3,280)
Distribution of earnings from unconsolidated subsidiary 16,252 0
Equity in earnings from unconsolidated subsidiary (11,082) 0
Deferred taxes 9,256 6,107
Stock-based compensation 18,241 13,753
Changes in operating assets and liabilities (Note 15) (49,417) 101,106
Net cash provided by operating activities 253,937 322,835
Cash flows from investing activities:    
Acquisitions, net of cash acquired (484,156) (4,827)
Capital expenditures (50,923) (65,309)
Proceeds from sale of property and equipment 4,014 7,834
Net cash used in investing activities (531,065) (62,302)
Cash flows from financing activities:    
Repayments of debt (21,067) (19,931)
Repurchase of common stock (48,546) (50,596)
Withholding taxes paid on net share settlement of equity awards (9,650) (13,408)
Debt issuance costs (1,409) 0
Other 0 (34)
Net cash used in financing activities (80,672) (83,969)
Net change in cash, cash equivalents, and restricted cash (357,800) 176,564
Cash, cash equivalents and restricted cash at beginning of period 664,195 471,563
Cash, cash equivalents and restricted cash at end of period 306,395 648,127
Less: restricted cash 0 0
Cash and cash equivalents at end of period 306,395 648,127
Non-cash items:    
Accrued capital expenditures $ 4,297 $ 247
Share consideration for acquisitions 79,458 0