XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 205,518 $ 112,473
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 187,889 135,065
Long-lived and other asset impairment 16,495 9,478
Non-cash restructuring charges 251  
Equity in net loss of unconsolidated affiliate 483  
Inventory write-downs 792 568
Amortization of operating lease right-of-use assets 3,469 2,789
Amortization of deferred financing costs 4,772 3,575
Amortization of debt premium (1,504) (1,504)
Amortization of capitalized implementation costs 2,431 2,259
Debt extinguishment loss   3,181
Stock-based compensation expense 14,356 11,215
Provision for credit losses 524 95
Gain on sale of assets, net (15,467) (5,175)
Deferred income tax provision 67,350 40,483
Amortization of contract costs 17,053 17,771
Deferred revenue recognized in earnings (14,596) (9,707)
Changes in operating assets and liabilities:    
Accounts receivable, net (46,064) (4,883)
Inventory (11,823) 3,449
Other assets (18,391) (3,303)
Contract costs (19,046) (15,970)
Accounts payable and other liabilities (4,600) (7,126)
Deferred revenue 17,700 10,598
Other 37 (78)
Net cash provided by operating activities 407,629 305,253
Cash flows from investing activities:    
Capital expenditures (414,667) (261,044)
Proceeds from sale of business 71,000  
Proceeds from sale of property, equipment and other assets 42,556 24,204
Proceeds from insurance and other settlements 3,811 45
Investments in unconsolidated affiliates (471) (1,307)
Net cash used in investing activities (592,384) (1,104,670)
Cash flows from financing activities:    
Borrowings of long-term debt 1,495,701 1,133,425
Repayments of long-term debt (1,135,301) (974,275)
Proceeds from 2032 Notes offering   700,000
Partial repayment of 2027 Notes   (201,987)
Payments of debt issuance costs (1,890) (12,308)
Dividends paid to stockholders (104,726) (79,684)
Repurchases of common stock (54,416) (13,337)
Taxes paid related to net share settlement of equity awards (14,996) (6,568)
Net proceeds from issuance of common stock   255,747
Proceeds from stock issued under ESPP 1,169 815
Contribution to Enerflex (1,123)  
Net cash provided by financing activities 184,418 801,828
Net (decrease) increase in cash and cash equivalents (337) 2,411
Cash and cash equivalents, beginning of period 4,420 1,338
Cash and cash equivalents, end of period 4,083 3,749
TOPS    
Cash flows from investing activities:    
Cash paid in Acquisition, net of cash acquired   (866,568)
Supplemental disclosure of non-cash investing transactions:    
Issuance of Archrock common stock pursuant to Acquisition   $ 139,054
NGCS    
Cash flows from investing activities:    
Cash paid in Acquisition, net of cash acquired (294,613)  
Supplemental disclosure of non-cash investing transactions:    
Issuance of Archrock common stock pursuant to Acquisition $ 52,966