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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Cash flows from operating activities:        
Net income $ 70,850     $ 40,532
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 57,620     42,835
Long-lived and other asset impairment 972     2,568
Inventory write-downs 188     199
Amortization of operating lease right-of-use assets 1,204     947
Amortization of deferred financing costs 1,508     1,193
Amortization of debt premium (501)     (501)
Amortization of capitalized implementation costs 762     738
Stock-based compensation expense 5,783     3,964
Provision for (benefit from) credit losses 156     (75)
Gain on sale of assets, net (7,335)     (2,381)
Deferred income tax provision 19,954     12,460
Amortization of contract costs 5,889     5,768
Deferred revenue recognized in earnings (3,746)     (2,859)
Changes in operating assets and liabilities:        
Accounts receivable, net (18,722)     19,819
Inventory (5,288)     1,246
Other assets (1,677)     (1,785)
Contract costs (5,314)     (3,996)
Accounts payable and other liabilities (11,924)     13,958
Deferred revenue 5,235     3,070
Other 14     2
Net cash provided by operating activities 115,628     137,702
Cash flows from investing activities:        
Capital expenditures (168,140)     (99,755)
Proceeds from sale of property, equipment and other assets 2,904     13,844
Proceeds from insurance and other settlements 1,440     45
Investments in unconsolidated affiliates (235)     (57)
Net cash used in investing activities (164,031)     (85,923)
Cash flows from financing activities:        
Borrowings of long-term debt 404,675     244,525
Repayments of long-term debt (305,675)     (263,050)
Dividends paid to stockholders (34,185) $ (30,690) $ (25,819) (26,000)
Repurchases of common stock (223)     (1,230)
Taxes paid related to net share settlement of equity awards (14,974)     (6,451)
Proceeds from stock issued under ESPP 324     244
Contribution to Enerflex (1,123)      
Net cash provided by (used in) financing activities 48,819     (51,962)
Net increase (decrease) in cash and cash equivalents 416     (183)
Cash and cash equivalents, beginning of period 4,420   $ 1,155 1,338
Cash and cash equivalents, end of period $ 4,836 $ 4,420   $ 1,155