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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash, cash equivalents and restricted cash $ 192,680 $ 137,553
Accounts receivable, net of allowance for credit losses of $3,490 and $2,875 at December 31, 2023 and 2022, respectively 971,091 565,520
Inventory 180,805 65,377
Other current assets 141,122 60,969
Total current assets 1,485,698 829,419
Property and equipment, net 3,340,412 2,260,576
Operating lease right of use asset 47,599 20,841
Finance lease right of use asset 63,228 0
Goodwill 1,379,741 0
Intangible assets, net 1,051,697 5,845
Deposits on equipment purchases 28,305 13,051
Other assets 19,424 10,881
Deferred tax assets, net 3,927 3,210
Total assets 7,420,031 3,143,823
Current liabilities:    
Accounts payable 534,420 237,056
Accrued liabilities 446,268 308,787
Operating lease liability 13,541 5,123
Finance lease liability 43,980 0
Current maturities of long-term debt 12,226 0
Total current liabilities 1,050,435 550,966
Long-term operating lease liability 37,848 19,594
Long-term finance lease liability 12,953 0
Long-term debt, net of debt discount and issuance costs of $8,918 and $5,468 at December 31, 2023 and 2022, respectively 1,224,941 830,937
Deferred tax liabilities, net 248,107 28,738
Other liabilities 25,066 48,065
Total liabilities 2,599,350 1,478,300
Commitments and contingencies (see Note 10)
Stockholders’ equity:    
Preferred stock, par value $0.01; authorized 1,000,000 shares, no shares issued 0 0
Common stock, par value $0.01; authorized 800,000,000 and 400,000,000 shares with 516,775,313 and 302,325,853 issued and 411,195,302 and 213,567,131 outstanding at December 31, 2023 and 2022, respectively 5,166 3,023
Additional paid-in capital 6,407,294 3,202,973
Retained earning (deficit) 57,035 (87,394)
Accumulated other comprehensive loss 472 0
Treasury stock, at cost, 105,580,011 shares and 88,758,722 shares at December 31, 2023 and 2022, respectively (1,657,675) (1,453,079)
Total stockholders' equity attributable to controlling interests 4,812,292 1,665,523
Noncontrolling interest 8,389 0
Total equity 4,820,681 1,665,523
Total liabilities and stockholders’ equity $ 7,420,031 $ 3,143,823