v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net income $ 49,810 $ 90,695
Noncash items included in net income:    
Depreciation and amortization 59,043 48,849
Deferred income taxes 5,245 1,785
Other, net 6,499 3,624
Changes in operating assets and liabilities:    
Accounts receivable (29,125) (34,371)
Accounts payable 16,371 3,457
Change in other assets and liabilities, net 1,230 (7,571)
Net cash provided by operating activities 109,073 106,468
Investing Activities:    
Acquisition of property and equipment (202,889) (457,164)
Proceeds from disposal of property and equipment 826 343
Other 0 4,999
Net cash used in investing activities (202,063) (451,822)
Financing Activities:    
Repayments of revolving credit facility (347,000) (48,100)
Borrowings of revolving credit facility 444,000 120,100
Proceeds from stock option exercises 2,463 1,993
Shares withheld for taxes (7,644) (7,968)
Repayment of finance leases (1,767) (4,437)
Other financing activity 0 (141)
Net cash provided by financing activities 90,052 61,447
Net Decrease in Cash and Cash Equivalents (2,938) (283,907)
Cash and Cash Equivalents, beginning of period 19,473 296,215
Cash and Cash Equivalents, end of period $ 16,535 $ 12,308