v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income (loss) $ 151,175 $ 290,489
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 290,222 177,468
Amortization of intangible assets and contract liabilities, net (8,366) (42,850)
(Gain) loss on sale of operating assets, net (4,751) (17,357)
Deferred income taxes 47,127 (47,039)
Amortization of share-based compensation 15,574 14,327
Other costs, net (10,125) (5,766)
Net changes in operating assets and liabilities 6,561 (133,792)
Net cash provided by (used in) operating activities 487,417 235,480
Cash flows from investing activities    
Capital expenditures (230,117) (307,651)
Proceeds from insurance claims 22,201 8,528
Proceeds from disposal of assets, net 16,190 (690)
Net cash provided by (used in) investing activities (191,726) (299,813)
Cash flows from financing activities    
Borrowings on credit facilities 0 35,000
Warrants exercised 38 282
Share repurchases (20,000) 0
Dividend payments (160,921) (116,581)
Withholding tax related to employee stock transactions (9,447) (53,627)
Finance lease payments (12,187) 0
Net cash provided by (used in) financing activities (202,517) (134,926)
Net increase (decrease) in cash, cash equivalents, and restricted cash 93,174 (199,259)
Cash, cash equivalents, and restricted cash, beginning of period 252,279 367,745
Cash, cash equivalents, and restricted cash, end of period $ 345,453 $ 168,486