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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income (loss) $ 130,080 $ 351,705
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 437,482 287,347
Amortization of intangible assets and contract liabilities, net (8,366) (46,580)
(Gain) loss on sale of operating assets, net (10,983) (17,357)
Loss on impairment 60,702 0
Deferred income taxes (70,454) (60,151)
Amortization of share-based compensation 23,087 35,959
Other costs, net (4,492) (10,157)
Net changes in operating assets and liabilities 207,497 (21,505)
Net cash provided by (used in) operating activities 764,553 519,261
Cash flows from investing activities    
Capital expenditures (367,776) (434,653)
Proceeds from insurance claims 22,201 16,426
Cash paid in stock-based business combination, net 0 (400,458)
Proceeds from disposal of assets, net 101,898 4,885
Net cash provided by (used in) investing activities (243,677) (813,800)
Cash flows from financing activities    
Issuance of debt 0 824,000
Borrowings on credit facilities 0 35,000
Repayments of credit facilities 0 (35,000)
Debt issuance costs 0 (10,002)
Warrants exercised 41 628
Share repurchases (20,000) (250,000)
Dividend payments (240,442) (198,150)
Withholding tax related to employee stock transactions (9,713) (57,167)
Finance lease payments (18,525) 0
Other 0 22,578
Net cash provided by (used in) financing activities (288,639) 331,887
Net increase (decrease) in cash, cash equivalents, and restricted cash 232,237 37,348
Cash, cash equivalents, and restricted cash, beginning of period 252,279 367,745
Cash, cash equivalents, and restricted cash, end of period $ 484,516 $ 405,093