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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 2,889 $ 9,038
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 109,375 68,359
Interest accretion on landfill and environmental remediation liabilities 5,862 5,001
Amortization of debt issuance costs 1,482 1,505
Stock-based compensation 4,809 4,341
Operating lease right-of-use assets expense 8,489 6,872
Disposition of assets, other items and charges, net 3,209 (300)
Loss from termination of bridge financing 0 8,198
Deferred income taxes 156 1,952
Changes in assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable (7,009) (3,958)
Landfill operating lease contract expenditures (1,308) (1,318)
Accounts payable (22,289) 8,898
Prepaid expenses, inventories and other assets (6,580) (5,845)
Accrued expenses, contract liabilities and other liabilities (19,304) (19,547)
Net cash provided by operating activities 79,781 83,196
Cash Flows from Investing Activities:    
Acquisitions, net of cash acquired 1,296 (547,587)
Additions to intangible assets (199) 0
Additions to property and equipment (74,900) (50,415)
Proceeds from sale of property and equipment 827 776
Net cash used in investing activities (72,976) (597,226)
Cash Flows from Financing Activities:    
Proceeds from debt borrowings 1,750 430,000
Principal payments on debt (20,020) (10,625)
Payments of debt issuance costs 0 (7,185)
Proceeds from the public offering of Class A common stock 0 496,403
Net cash (used in) provided by financing activities (18,270) 908,593
Net (decrease) increase in cash, cash equivalents and restricted cash (11,465) 394,563
Cash, cash equivalents and restricted cash, beginning of period 220,912 71,152
Cash, cash equivalents and restricted cash, end of period 209,447 465,715
Cash paid during the period for:    
Cash interest payments 30,389 14,196
Cash income tax payments 5,098 7,913
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Non-current assets obtained through long-term financing obligations 15,300 4,715
Right-of-use assets obtained in exchange for operating lease obligations $ 3,154 $ 17,756