XML 161 R143.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Financial Information of Registrant - Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ (33,322) $ 728,642 $ 364,189
Adjustments to reconcile net income (loss) to cash used in operating activities:      
Depreciation and amortization 131,590 119,830 99,769
Loss (gain) on sale of assets, net 222 (59) (169)
Stock-based compensation 25,704 11,633 9,353
Equity in losses (income) of subsidiaries 296 (24,985) 0
Net changes in operating assets and liabilities:      
Prepaid and other assets 55,930 (82,027) (35,356)
Accounts payable, other accrued liabilities, and operating lease ROU assets and liabilities (57,327) 15,428 262,882
Net cash provided by operating activities 83,776 579,156 452,606
Cash flows from investing activities:      
Capital expenditures (135,540) (82,277) (53,025)
Net cash used in investing activities (133,994) (659,039) (87,308)
Cash flows from financing activities:      
Repayments of borrowings (4,061,619) (1,317,709) (446,863)
Purchase of common stock for retirement (141,974) (67,821) (7,834)
Exercise of stock options 1,514 17,129 6,444
Other financing activities, net 2,308 1,646 (412)
Net cash provided by (used in) financing activities (36,961) (135,597) 13,407
Net increase (decrease) in cash, cash equivalents, and restricted cash (87,179) (215,480) 378,705
Cash, cash equivalents, and restricted cash at beginning of period 279,446 494,926 116,221
Cash, cash equivalents, and restricted cash at end of period 192,267 279,446 494,926
Net cash received (paid) for:      
Interest 67,828 77,417 63,323
Taxes (12,029) (6,099) (51)
Non-cash investing and financing activities:      
Accrued capital expenditures 33,314 13,241 5,418
ROU assets obtained in exchange for new finance lease liabilities 2,319 7,896 594
ROU assets obtained in exchange for new operating lease liabilities 166,028 72,219 64,567
Parent Company      
Cash flows from operating activities:      
Net income (loss) (33,322) 728,642 364,189
Adjustments to reconcile net income (loss) to cash used in operating activities:      
Depreciation and amortization 1,636 1,618 2,131
Loss (gain) on sale of assets, net 100 30 27
Stock-based compensation 25,704 11,633 9,353
Equity in losses (income) of subsidiaries (1,975) (759,528) (388,008)
Net changes in operating assets and liabilities:      
Prepaid and other assets (7,588) (2,541) 13,436
Accounts payable, other accrued liabilities, and operating lease ROU assets and liabilities 683 1,113 2,651
Net cash provided by operating activities (14,762) (19,033) 3,779
Cash flows from investing activities:      
Investments in subsidiaries 0 (76,000) 0
Distributions from subsidiaries 68,058 167,181 0
Capital expenditures (3,330) (1,849) (1,311)
Due to (from) subsidiaries 84,964 (13,408) 5,645
Net cash used in investing activities 149,692 75,924 4,334
Cash flows from financing activities:      
Repayments of borrowings (45) 0 (9,319)
Purchase of common stock for retirement (141,974) (67,821) (7,834)
Exercise of stock options 1,514 17,129 6,444
Other financing activities, net 2,308 1,631 1,058
Net cash provided by (used in) financing activities (138,197) (49,061) (9,651)
Net increase (decrease) in cash, cash equivalents, and restricted cash (3,267) 7,830 (1,538)
Cash, cash equivalents, and restricted cash at beginning of period 10,708 2,878 4,416
Cash, cash equivalents, and restricted cash at end of period 7,441 10,708 2,878
Net cash received (paid) for:      
Interest (20) 0 (3)
Taxes (12,029) (5,902) (15)
Non-cash investing and financing activities:      
Accrued capital expenditures 284 136 372
ROU assets obtained in exchange for new finance lease liabilities 691 0 0
ROU assets obtained in exchange for new operating lease liabilities $ 623 $ 8,161 $ 0