v3.25.2
Supplemental Cash Flow Information
 6 Months Ended
Jun. 30, 2025
Supplemental Cash Flow Elements [Abstract]  
Supplemental Cash Flow Information Supplemental Cash Flow Information
The following table provides supplemental cash flow information (in thousands):
 Six Months Ended June 30,
 20252024
Supplemental cash flow information:  
Interest paid, net of capitalized interest$128,958 $120,887 
Income taxes paid (refunded)2,053 4,794 
Capitalized interest41,704 31,908 
Supplemental schedule of non-cash investing and financing activities:
Accrued construction costs170,686 120,437 
Increase in ROU asset in exchange for new lease liability related to operating leases6,686 15,312 
Retained investment in connection with Callan Ridge JV (see Note 8)— 69,255 
Non-cash assets and liabilities assumed in connection with the Merger (see Note 3)— 2,927,611 
The following table summarizes cash, cash equivalents, and restricted cash (in thousands):
Six Months Ended June 30,
20252024
Beginning of period:
Cash and cash equivalents$119,818 $117,635 
Restricted cash64,487 51,388 
Cash, cash equivalents, and restricted cash$184,305 $169,023 
End of period:
Cash and cash equivalents$89,436 $106,886 
Restricted cash73,843 52,409 
Cash, cash equivalents, and restricted cash$163,279 $159,295 
Cash and Cash Equivalents
The Company maintains its cash and cash equivalents at financial institutions insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per institution. As of June 30, 2025 and December 31, 2024, the account balances at certain institutions exceeded the FDIC insurance coverage.