v3.25.2
Interim 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) $ 333,785 $ (330,934)
Adjustments to reconcile net income (loss) to net cash flows    
Depreciation and amortization 134,240 127,315
Amortization of debt transaction costs 14,022 16,815
Private Placement derivative loss 0 364,214
Foreign currency loss (gain) on loans 73,696 (20,125)
Non-cash financial loss 0 145,317
Stock based compensation expense 36,365 7,058
Interest income (39,897) (33,207)
Interest expense 156,660 192,841
Other (1) (442)
Changes in working capital:    
Increase in deferred revenue 330,076 336,774
Changes in other liabilities and assets 18,164 90,888
(Increase) decrease in inventories (601) 1,956
Changes in deferred tax assets and liabilities 3,116 6,040
Changes in other non-current assets and other non-current liabilities 3,184 (16,760)
Income taxes paid (4,243) (4,931)
Net cash flow from operating activities 1,058,566 882,819
Cash flows from investing activities    
Investments in property, plant and equipment and intangible assets (814,382) (251,828)
Capital contribution to associated company (6,500) (4,000)
Prepayment for vessel charter (1,050)
Other 1 442
Interest received 31,114 35,603
Net cash flow used in investing activities (789,767) (220,833)
Cash flows from financing activities    
Repayment of borrowings (372,886) (206,874)
Proceeds from borrowings 430,507 0
Transaction costs incurred for borrowings (41,912) (4,698)
Proceeds from initial public offering, net of underwriting discounts and commissions, and offering expenses 0 243,927
Taxes paid related to net share settlement of equity awards 0 (124,109)
Dividend distribution 0 (18,229)
Dividend distribution by subsidiary to non-controlling interests (867) (720)
Proceeds from exercise of stock options 9,600 0
Principal payments for lease liabilities (17,451) (12,574)
Interest payments for lease liabilities (9,546) (10,601)
Interest paid (159,126) (197,186)
Net cash flow used in financing activities (161,681) (331,064)
Change in cash and cash equivalents 107,118 330,922
Effect of exchange rate changes on cash and cash equivalents 8,223 (2,493)
Net increase in cash and cash equivalents 115,341 328,429
Cash and cash equivalents at January 1 2,489,672 1,513,713
Cash and cash equivalents at June 30 $ 2,605,013 $ 1,842,142