v3.25.2
Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOW FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 7,661 $ 51,788
Net income attributable to non-controlling interest 1,472 478
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 59,082 55,760
Amortization of operating lease assets 25,572 24,676
Loss on disposal of property and equipment 1,932 875
Loss on equity method investments 2,435 1,100
Loss from lease modification 0 219
Loss on divestiture of a business 11,678 0
Stock based compensation 22,275 15,356
Increase in fair value of investments (50) (334)
Interest on notes receivable (727) 0
Gain on settlement of contingent consideration 0 (15,991)
Decrease in fair value of warrants (68) (1,534)
Gain on settlement of shares issued in association with investment interests (20) 0
Interest on related party convertible note receivable (788) 0
Amortization of debt discount 319 2,853
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net 5,917 (6,359)
Inventories, net (4,126) (17,561)
Prepaid expenses and other current assets 2,446 874
Deposits and other assets 153 (10)
Accounts payable (1,700) 4,938
Accrued liabilities (17,901) (2,164)
Operating lease liabilities (23,126) (21,934)
Income tax receivable and payable, net 38,230 11,144
NET CASH PROVIDED BY OPERATING ACTIVITIES 130,666 104,174
CASH FLOW FROM INVESTING ACTIVITIES    
Purchases of property and equipment (48,842) (34,963)
Investments in securities and associates (30,122) (5,608)
Proceeds from equity investments and notes receivable 62 6,248
Acquisition of a business, net of cash acquired (24,414) 0
Proceeds from divestiture of a business 5,075 0
NET CASH USED IN INVESTING ACTIVITIES (98,241) (34,323)
CASH FLOW FROM FINANCING ACTIVITIES    
Contributions from limited liability company unit holders 5,800 0
Distributions to non-controlling interest holders (875) (762)
Repurchase of Subordinate Voting Shares (24,811) (33,448)
Payments for taxes related to net share settlement of equity awards (3,328) (5,438)
Proceeds from exercise of options and RSUs 1,350 5,938
Principal repayment of notes payable (5,325) (1,633)
NET CASH USED IN FINANCING ACTIVITIES (27,189) (35,343)
CASH AND CASH EQUIVALENTS:    
NET INCREASE IN CASH AND CASH EQUIVALENTS 5,236 34,508
CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD 171,687 161,634
CASH AND CASH EQUIVALENTS END OF PERIOD 176,923 196,142
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 10,999 10,975
NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures (7,922) 3,358
Noncash increase in right of use asset (2,254) (10,333)
Noncash increase in lease liability 2,254 10,333
Issuance of shares associated with investment interests 630 0
Issuance of shares to non-employee contractors 145 0
Issuance of shares associated with contingent consideration 0 17,259
Distribution of deferred shares (6,362) 0
Inventory 447 0
Accounts receivable (469) 0
Prepaid expenses 256 0
Property and equipment 2,061 0
Right of use assets 2,027 0
Identifiable intangible assets (869) 0
Goodwill 5,928 0
Liabilities assumed 660 0
Lease liabilities (2,027) 0
Loss on dispositions 11,678 0
Cash consideration payable (353) 0
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed), Total $ 19,339 $ 0