XML 16 R8.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 106,963 $ 106,800
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 76,341 89,126
Amortization of operating lease right-of-use assets 1,300 12,006
ARO accretion expense 1,384 1,323
Amortization of debt issuance costs 2,258 4,875
Deferred income taxes 5,190 (5,102)
Share of net earnings in equity method investee (1,685) (258)
Distributions from equity method investee 1,800 4,725
Long-term incentive compensation expense 5,263 2,560
(Gain) loss on non-cash items (44) 1,370
Changes in operating assets and liabilities:    
Accounts receivable 15,779 31,531
Other current assets and other assets (15,837) 143,003
Accounts payable and accrued liabilities (29,789) (86,847)
Current portion of deferred revenue 2,253 (120,374)
Net investments in sales-type leases 15,263 10,681
Other long-term liabilities 8,379 (145)
Net cash provided by operating activities 194,818 195,274
Cash flows from investing activities    
Purchases of property and equipment (49,706) (304,426)
Sales of property and equipment 0 4,101
Net cash used in investing activities (49,706) (300,325)
Cash flows from financing activities    
Repurchase of Class A Common Stock (27,214) 0
Proceeds from Term Loan Facility 0 250,000
Repayments of long-term debt (31,893) (20,492)
Repayments of long-term debt - related party (6,773) (6,221)
Payment of debt issuance costs 0 (7,307)
Principal payments under finance lease liabilities (15,252) (15,661)
Taxes withheld for long-term incentive compensation (253) 0
Dividends paid (2,067) (1,969)
Distributions (8,591) (8,153)
Minority owner contribution - Albania Power Project 1,012 3,108
Net cash provided by (used in) financing activities (91,031) 193,305
Effect of exchange rate on cash, cash equivalents, and restricted cash (54) (43)
Net increase in cash, cash equivalents and restricted cash 54,027 88,211
Cash, cash equivalents and restricted cash    
Beginning of period 572,458 537,971
End of period $ 626,485 $ 626,182