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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash, cash equivalents and restricted cash $ 185,891 $ 241,293
Accounts receivable, net of allowance for credit losses of $14,282 and $15,047 at June 30, 2025 and December 31, 2024, respectively 770,901 763,806
Inventory 163,687 167,023
Other current assets 120,644 123,193
Total current assets 1,241,123 1,295,315
Property and equipment, net 2,835,432 3,010,342
Operating lease right of use asset 41,686 44,385
Finance lease right of use asset 22,671 27,018
Goodwill 487,388 487,388
Intangible assets, net 871,950 929,610
Deposits on equipment purchases 19,017 15,699
Other assets 56,353 23,709
Total assets 5,575,620 5,833,466
Current liabilities:    
Accounts payable 426,509 421,318
Accrued liabilities 261,653 385,751
Operating lease liability 15,083 13,322
Finance lease liability 13,227 15,214
Current maturities of long-term debt 0 6,388
Total current liabilities 716,472 841,993
Long-term operating lease liability 29,591 34,305
Long-term finance lease liability 8,573 10,216
Long-term debt, net of debt discount and issuance costs of $7,002 and $7,637 at June 30, 2025 and December 31, 2024, respectively 1,220,398 1,219,770
Deferred tax liabilities, net 240,142 238,097
Other liabilities 11,771 13,241
Total liabilities 2,226,947 2,357,622
Commitments and contingencies (see Note 9)
Stockholders’ equity:    
Common stock, par value $0.01; authorized 800,000,000 shares with 523,544,388 and 520,784,783 issued and 385,155,678 and 387,344,755 outstanding at June 30, 2025 and December 31, 2024, respectively 5,234 5,206
Additional paid-in capital 6,475,445 6,453,606
Retained deficit (1,150,176) (1,039,338)
Accumulated other comprehensive loss (1,025) (2,584)
Treasury stock, at cost, 138,388,710 and 133,440,028 shares at June 30, 2025 and December 31, 2024, respectively (1,987,133) (1,951,067)
Total stockholders’ equity attributable to controlling interests 3,342,345 3,465,823
Noncontrolling interest 6,328 10,021
Total equity 3,348,673 3,475,844
Total liabilities and stockholders’ equity $ 5,575,620 $ 5,833,466