v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net loss $ (20,521) $ (156,835) $ (54,219)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Depreciation and amortization 204,482 202,336 203,970
Impairment of long-lived assets 10,235 10,631 10,821
Change in fair value of contingent consideration, net 2,261    
Payment of contingent consideration in excess of acquisition date fair value (2,351)    
Goodwill impairment charges 0 0 40,856
Provision for credit losses 33,998 23,237 15,065
Amortization of deferred debt issuance costs 12,108 20,916 20,439
Share-based compensation 69,174 3,917 3,547
Deferred income taxes, net (25,914) (52,632) (27,962)
Loss on divestiture     5,502
Loss on extinguishment of debt 12,726    
Loss (gain) on disposition of fixed assets 101 349 (903)
Other (2,451) (572) 2,696
Change in operating assets and liabilities, net of acquisitions and dispositions:      
Accounts receivable (179,040) (127,246) (150,466)
Prepaid expenses and other current assets 7,595 (34,899) (24,280)
Inventories (236,514) 28,660 (131,833)
Trade accounts payable 303,209 105,649 133,466
Accrued expenses (144,580) 193,633 (46,035)
Other assets and liabilities (20,744) (6,361) (5,317)
Net cash provided by (used in) operating activities 23,774 210,783 (4,653)
Investing activities:      
Purchases of property and equipment (80,913) (73,527) (70,113)
Acquisitions of businesses, net of cash acquired (59,797) (63,058) (42,459)
Proceeds from sale of business, net of cash divested     155,793
Other 473 2,152 2,135
Net cash (used in) provided by investing activities (140,237) (134,433) 45,356
Financing activities:      
Long-term debt borrowings 2,566,000    
Long-term debt repayments (3,396,334) (30,441) (40,721)
Proceeds from issuance of common stock on initial public offering, net 656,485    
Proceeds from issuance of tangible equity units, net 389,000    
Borrowings (repayments) of the Revolving Credit Facility, net 12,600 (24,100) (17,300)
Payment of debt issuance costs (47,045)    
Repurchase of shares of common stock (650) (650)  
Proceeds from shares issued under share-based compensation plan 1,535 598 234
Taxes paid related to net share settlement of equity awards (1,196)    
Repurchase of stock options   (10,000)  
Payment of contingent consideration up to acquisition date fair value (1,805) (1,453) (4,364)
Distributions to redeemable noncontrolling interests     (750)
Purchase of redeemable noncontrolling interest (2,316)    
Investment in noncontrolling interests   735  
Payment of financing lease obligations (11,629) (11,596) (10,909)
Net cash provided by (used in) financing activities 164,645 (76,907) (73,810)
Net increase (decrease) in cash and cash equivalents 48,182 (557) (33,107)
Cash and cash equivalents at beginning of year 13,071 13,628 46,735
Cash and cash equivalents at end of year 61,253 13,071 13,628
Cash and cash equivalents included in assets held for sale at end of year 299 641 419
Cash and cash equivalents included in continuing operations at end of year 60,954 12,430 13,209
Supplemental disclosures of cash flow information:      
Interest, net 211,387 303,530 213,308
Income taxes, net of refunds 24,953 37,499 28,851
Supplemental schedule of non-cash investing and financing activities:      
Notes issued and contingent liabilities assumed in connection with acquisitions 22,302 7,519 5,134
Financing lease obligations (Note 13) 13,095 11,562 10,652
Repurchases of common stock in accounts payable   650  
Purchases of property and equipment in accounts payable 12,136 12,981 $ 4,597
Acquisition consideration in accounts payable   $ 2,500  
Consideration for purchase of redeemable noncontrolling interest in accounts payable 5,100    
Shares issued in connection with acquisitions $ 31,081