v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net earnings (loss) $ (40,426) $ (41,391)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 17,126 13,257
Stock-based compensation 6,568 2,646
Share of (earnings) losses of affiliates, net 320 (322)
Realized and unrealized (gains) losses on financial instruments, net (927) 637
Deferred income tax expense (benefit) (10,438) (12,582)
Cash receipts from returns on equity method investments 200 200
Net cash received (paid) for interest rate swaps (6) 891
Other charges (credits), net 479 1,955
Net change in operating assets and liabilities:    
Current and other assets (13,034) 6,717
Payables and other liabilities 102,619 123,762
Net cash provided by (used in) operating activities 62,481 95,770
Cash flows from investing activities:    
Capital expended for property and equipment (8,630) (19,516)
Other investing activities, net 5 (2,001)
Net cash provided by (used in) investing activities (8,625) (21,517)
Cash flows from financing activities:    
Borrowings of debt   85,502
Repayments of debt (29,688) (4,536)
Proceeds (disbursements) from exercise of stock options and other stock issuances 26,820 679
Other financing activities, net 6,292 (1,506)
Net cash provided by (used in) financing activities 3,424 80,139
Net increase (decrease) in cash, cash equivalents and restricted cash 57,280 154,392
Cash, cash equivalents and restricted cash at beginning of period 111,578 112,599
Cash, cash equivalents and restricted cash at end of period 168,858 266,991
Supplemental disclosure to the condensed consolidated statements of cash flows:    
Property and equipment expenditures incurred but not yet paid $ 11,295 $ 16,056