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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ (915,007) $ 184,014
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and impairment 917,274 452,629
Impairment of goodwill 885,240 0
Deferred income tax expense 5,824 22,323
Stock-based compensation 35,790 33,338
Net (gain) loss on asset disposals (5,956) 427
Credit loss expense 5,679 0
Other 1,668 (1,188)
Changes in operating assets and liabilities:    
Accounts receivable 103,691 45,207
Inventory (15,086) (29,355)
Other current assets (7,457) (30,053)
Other assets 23,397 16,460
Accounts payable (25,322) (29,388)
Accrued liabilities (124,560) (71,689)
Other liabilities (25,473) (39,443)
Net cash provided by operating activities 859,702 553,282
Cash flows from investing activities:    
Acquisitions, net of cash acquired - NexTier 0 (65,185)
Acquisitions, net of cash acquired - Ulterra 2,983 (357,314)
Purchases of property and equipment (538,036) (410,417)
Proceeds from disposal of assets 14,685 19,566
Other (4,447) (286)
Net cash used in investing activities (524,815) (813,636)
Cash flows from financing activities:    
Purchases of treasury stock (269,948) (124,286)
Dividends paid (95,593) (66,724)
Proceeds from borrowings under revolving credit facility 50,000 420,000
Repayment of borrowings under revolving credit facility (50,000) (420,000)
Proceeds from issuance of senior notes 0 396,412
Payments of finance leases (36,635) (6,321)
Repayment of senior notes 0 (7,837)
Other (9,156) (2,933)
Net cash (used in) provided by financing activities (411,332) 188,311
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (753) 1,538
Net decrease in cash, cash equivalents and restricted cash (77,198) (70,505)
Cash, cash equivalents and restricted cash at beginning of period 192,680 137,553
Cash, cash equivalents and restricted cash at end of period 115,482 67,048
Net cash paid during the period for:    
Interest, net of capitalized interest of $938 in 2024 and $1,350 in 2023 (44,454) (29,269)
Income taxes (14,328) (27,454)
Non-cash investing and financing activities:    
Net decrease in payables for purchases of property and equipment (15,645) (10,083)
Net decrease in deposits on equipment purchases 17,323 7,214
Purchases of property and equipment through exchange of lease right of use asset 26,382 3,241
Derecognition of right of use asset (31,538) (3,241)
Issuance of common stock for business combinations $ 0 $ 3,161,691