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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash, cash equivalents and restricted cash $ 115,482 $ 192,680
Accounts receivable, net of allowance for credit losses of $14,954 and $3,490 at September 30, 2024 and December 31, 2023, respectively 863,779 971,091
Inventory 172,750 180,805
Other current assets 150,239 141,122
Total current assets 1,302,250 1,485,698
Property and equipment, net 3,095,070 3,340,412
Operating lease right of use asset 47,424 47,599
Finance lease right of use asset 33,874 63,228
Goodwill 487,388 1,379,741
Intangible assets, net 962,595 1,051,697
Deposits on equipment purchases 10,982 28,305
Other assets 24,094 19,424
Deferred tax assets, net 0 3,927
Total assets 5,963,677 7,420,031
Current liabilities:    
Accounts payable 493,360 534,420
Accrued liabilities 326,794 446,268
Operating lease liability 13,846 13,541
Finance lease liability 14,889 43,980
Current maturities of long-term debt 9,513 12,226
Total current liabilities 858,402 1,050,435
Long-term operating lease liability 36,794 37,848
Long-term finance lease liability 17,771 12,953
Long-term debt, net of debt discount and issuance costs of $7,956 and $8,919 at September 30, 2024 and December 31, 2023, respectively 1,219,461 1,224,941
Deferred tax liabilities, net 245,687 248,107
Other liabilities 13,604 25,066
Total liabilities 2,391,719 2,599,350
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 shares with 520,742,360 and 516,775,313 issued and 389,938,852 and 411,195,302 outstanding at September 30, 2024 and December 31, 2023, respectively 5,207 5,166
Additional paid-in capital 6,443,043 6,407,294
Retained earnings (deficit) (956,173) 57,035
Accumulated other comprehensive income (loss) (51) 472
Treasury stock, at cost, 130,803,508 and 105,580,011 shares at September 30, 2024 and December 31, 2023, respectively (1,929,899) (1,657,675)
Total stockholders’ equity attributable to controlling interests 3,562,127 4,812,292
Noncontrolling interest 9,831 8,389
Total equity 3,571,958 4,820,681
Total liabilities and stockholders’ equity $ 5,963,677 $ 7,420,031