v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 501,272 $ 445,196
Accounts receivable, net of allowance for credit losses of $3,554 and $3,529, respectively 230,112 303,939
Other current assets 87,907 75,857
Total current assets 819,291 824,992
Property and equipment 3,137,031 3,156,606
Less accumulated depreciation (1,816,953) (1,794,112)
Property and equipment, net 1,320,078 1,362,494
Operating lease right-of-use assets 302,926 302,649
Deferred certification and dry dock costs, net 73,493 74,351
Other assets, net 52,301 51,418
Total assets 2,568,089 2,615,904
Current liabilities:    
Accounts payable 138,412 134,287
Accrued liabilities 69,137 94,951
Current maturities of long-term debt 9,394 9,644
Current operating lease liabilities 64,112 60,796
Total current liabilities 281,055 299,678
Long-term debt 294,367 298,351
Operating lease liabilities 257,889 260,959
Deferred tax liabilities 104,972 105,571
Other non-current liabilities 72,950 71,433
Total liabilities 1,011,233 1,035,992
Commitments and contingencies
Shareholders' equity:    
Common stock, no par, 240,000 shares authorized, 147,296 and 147,186 shares issued, respectively 1,220,461 1,218,494
Retained earnings 385,508 398,914
Accumulated other comprehensive loss (49,113) (37,496)
Total shareholders' equity 1,556,856 1,579,912
Total liabilities and shareholders' equity $ 2,568,089 $ 2,615,904