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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ (966,399) $ 245,952 $ 154,658
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion, amortization and impairment 1,171,873 731,416 483,945
Impairment of goodwill 885,240 0 0
Deferred income tax expense (benefit) (1,765) 51,866 6,998
Stock-based compensation 46,352 46,750 21,099
Net gain on asset disposals (3,688) (1,798) (12,075)
Other 7,936 (1,053) (1,507)
Changes in operating assets and liabilities:      
Accounts receivable 203,652 84,544 (209,226)
Inventory (11,463) (30,793) (23,154)
Other current assets 19,599 (10,360) (1,975)
Other assets 33,760 24,686 10,643
Accounts payable (112,858) (69,729) 38,986
Accrued liabilities (66,582) (23,484) 67,380
Other liabilities (30,121) (42,083) 30,416
Net cash provided by operating activities 1,175,536 1,005,914 566,188
Cash flows from investing activities:      
Acquisitions, net of cash acquired - NexTier 0 (65,185) 0
Acquisitions, net of cash acquired - Ulterra 2,983 (357,314) 0
Purchases of property and equipment (678,386) (615,690) (436,797)
Proceeds from disposal of assets 25,832 26,473 26,074
Other (5,173) (5,874) (2,504)
Net cash used in investing activities (654,744) (1,017,590) (413,227)
Cash flows from financing activities:      
Purchases of treasury stock (290,427) (200,710) (70,070)
Dividends paid (126,791) (100,034) (43,096)
Proceeds from borrowings under revolving credit facility 50,000 420,000 150,000
Repayment of borrowings under revolving credit facility (50,000) (420,000) (150,000)
Proceeds from issuance of senior notes 0 396,412 0
Repayment of senior notes 0 (7,837) (19,760)
Payments on finance leases (45,484) (15,915) 0
Other (12,290) (6,349) (455)
Net cash provided by (used in) financing activities (474,992) 65,567 (133,381)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 2,813 1,236 449
Net increase in cash, cash equivalents and restricted cash 48,613 55,127 20,029
Cash, cash equivalents and restricted cash at beginning of year 192,680 137,553 117,524
Cash, cash equivalents and restricted cash at end of year 241,293 192,680 137,553
Net cash (paid) received during the year for:      
Interest, net of capitalized interest of $1,334 in 2024, $1,692 in 2023, and $976 in 2022 (68,563) (39,607) (39,855)
Income taxes (14,767) (27,169) (1,526)
Non-cash investing and financing activities:      
Net increase (decrease) in payables for purchases of property and equipment (133) (15,111) 7,953
Net (increase) decrease in deposits on equipment purchases 12,607 7,876 (12,202)
Issuance of common stock for business acquisitions 0 3,159,714 0
Cashless exercise of stock options 0 0 10,368
Purchases of property and equipment through exchange of lease right of use asset 30,961 3,241 0
Derecognition of right of use asset $ (36,117) $ (3,241) $ 0