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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2026 | Mar. 31, 2025
Cash Flows from Operating Activities |  |
Net income | $ 3.0 | $ 0.6
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Depreciation and amortization | 16.2 | 10.6
Equity based compensation | 1.6 | 1.6
Gain on sale of assets | (0.6) | 0.7
Deferred income tax expense | 0.8 | (0.1)
Impairment of assets | 0.0 | 0.4
Adjustment to contingent consideration | 0.3 | 0.0
Other expenses | 0.5 | 0.2
Changes in operating assets and liabilities |  |
Accounts receivable, net | (42.4) | 1.1
Contract assets | (2.7) | (3.1)
Inventory | (0.1) | (0.1)
Prepaid expenses and other current assets | 2.8 | 1.7
Other assets | 0.8 | 0.6
Accounts payable | (1.5) | (0.3)
Accrued expenses | 4.4 | (2.5)
Other current liabilities | (0.1) | (0.7)
Other long-term liabilities | 13.6 | (0.1)
Net cash provided by (used in) operating activities | (3.4) | 10.6
Cash Flows from Investing Activities |  |
Purchase of property and equipment | (18.3) | (7.2)
Proceeds from disposal of property and equipment | 1.0 | 1.1
Net cash used in investing activities | (17.3) | (6.1)
Cash Flows from Financing Activities |  |
Principal payments on financing lease obligations | (2.9) | (1.7)
Principal payments on other financing liabilities | (0.2) | (0.2)
Dividends paid to Class A Common Stock stockholders | 0.0 | (1.3)
Shares withheld for equity compensation | (2.3) | (1.9)
Repurchase of Class A Common Stock | (0.5) | 0.0
Net cash provided by (used in) financing activities | 17.3 | (5.1)
Decrease in cash and cash equivalents | (3.4) | (0.6)
Cash and cash equivalents, Beginning of Period | 10.3 | 40.9
Cash and cash equivalents, End of Period | 6.9 | 40.3
Supplemental Cash Flow Information |  |
Interest paid | 0.4 | 0.5
Supplemental Disclosure of Non-cash Investing and Financing Activities |  |
Capital expenditures included in accounts payable and accrued liabilities | 0.2 | 0.1
Additions to fixed assets through installment purchases and financing leases | (1.5) | (1.6)
Additions to fixed assets through asset trades | 0.0 | (0.2)
Senior Revolving Credit Facility |  |
Cash Flows from Financing Activities |  |
Borrowings under Revolving Credit Facility | 42.3 | 0.1
Principal payments on Revolving Credit Facility | $ (19.1) | $ (0.1)

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