v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 140,514 $ 134,270
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 141,212 120,759
Long-lived and other asset impairment 10,140 11,819
Equity in net loss of unconsolidated affiliate 933 243
Inventory write-downs 163 468
Amortization of operating lease right-of-use assets 2,381 2,284
Amortization of deferred financing costs 3,153 3,071
Amortization of debt premium (501) (1,003)
Amortization of capitalized implementation costs 2,045 1,580
Debt extinguishment gain (687)  
Stock-based compensation expense 15,031 9,867
Provision for credit losses 85 227
Gain on sale of assets, net (10,413) (11,632)
Deferred income tax provision 47,271 40,177
Amortization of contract costs 9,787 11,504
Deferred revenue recognized in earnings (11,356) (7,785)
Changes in operating assets and liabilities:    
Accounts receivable, net (67,002) (45,893)
Inventory (3,328) (4,617)
Other assets 34,751 (7,815)
Contract costs (8,845) (11,155)
Accounts payable and other liabilities 30,089 (12,815)
Deferred revenue 11,211 9,572
Other 1 (27)
Net cash provided by operating activities 346,635 243,099
Cash flows from investing activities:    
Capital expenditures (211,448) (279,602)
Proceeds from sale of property, equipment and other assets 25,363 31,493
Proceeds from insurance and other settlements 155 3,524
Cash paid in NGCS Acquisition, net of cash acquired   (296,641)
Investments in unconsolidated affiliates and other strategic investments (1,813) (471)
Net cash used in investing activities (187,743) (541,697)
Cash flows from financing activities:    
Borrowings of long-term debt 1,523,000 1,061,726
Repayments of long-term debt (1,575,875) (647,801)
Redemption of 2028 Notes (800,000)  
Proceeds from 2034 Notes offering 800,000  
Payments of debt issuance costs (10,651) (1,691)
Dividends paid to stockholders (78,531) (67,805)
Repurchases of common stock (4,422) (29,045)
Taxes paid related to net share settlement of equity awards (12,997) (14,988)
Proceeds from stock issued under ESPP 1,031 766
Contribution to Enerflex   (1,123)
Net cash (used in) provided by financing activities (158,445) 300,039
Net increase in cash and cash equivalents 447 1,441
Cash and cash equivalents, beginning of period 1,553 4,420
Cash and cash equivalents, end of period $ 2,000 5,861
Supplemental disclosure of non-cash investing transactions:    
Issuance of Archrock common stock pursuant to NGCS Acquisition   $ 52,966