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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 159,587 $ 140,107
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 72,413 63,581
Amortization of debt issuance costs 2,034 1,651
Equity-based compensation expense 17,547 14,977
Deferred income taxes 39,017 347
Loss on impairment 1,000 8,694
Other (3,942) 1,086
Change in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (26,114) (23,397)
Other current assets (14,182) (8,743)
Other assets 842 (322)
Accounts payable and other accrued liabilities (399,619) 21,518
Accrued salaries and benefits (8,525) (13,889)
Other liabilities 9,805 2,568
Net cash (used in) provided by operating activities (150,137) 208,178
Investing activities:    
Cash paid for acquisitions, net of cash acquired (50,722)  
Cash paid for capital expenditures (296,652) (157,359)
Proceeds from sale of property and equipment 10,209 621
Other (2,933) (940)
Net cash used in investing activities (340,098) (157,678)
Financing activities:    
Borrowings on long-term debt 350,000  
Principal payments on revolving credit facility (15,000) (20,000)
Principal payments on long-term debt (25,605) (10,625)
Payment of debt issuance costs (1,518)  
Repurchase of shares for payroll tax withholding, net of proceeds from stock option exercises (1,668) (45,904)
Contributions from noncontrolling partners in joint ventures 2,970 2,516
Distributions to noncontrolling partners in joint ventures (1,500) (1,983)
Other (350) 20
Net cash provided by (used in) financing activities 467,329 (35,976)
Net (decrease) increase in cash and cash equivalents (22,906) 14,524
Cash and cash equivalents at beginning of the period 100,073 97,649
Cash and cash equivalents at end of the period 77,167 112,173
Effect of acquisitions:    
Assets acquired, excluding cash 55,678  
Liabilities assumed (3,456)  
Contingent consideration issued in connection with an acquisition (1,500)  
Cash paid for acquisitions, net of cash acquired 50,722  
New Credit Facility [Member]    
Financing activities:    
Borrowings on revolving credit facility $ 160,000 $ 40,000