v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 652,234 $ 418,289
Accounts receivable, net of allowance for credit losses of $2,523 and $2,564, respectively 204,864 240,604
Other current assets 82,368 65,321
Current assets of discontinued operations   100,778
Total current assets 939,466 824,992
Property and equipment 3,015,408 3,024,768
Less accumulated depreciation (1,782,787) (1,735,287)
Property and equipment, net 1,232,621 1,289,481
Operating lease right-of-use assets 287,061 301,711
Deferred certification and dry dock costs, net 56,059 69,959
Other assets, net 54,811 50,442
Non-current assets of discontinued operations   79,319
Total assets 2,570,018 2,615,904
Current liabilities:    
Accounts payable 124,049 111,587
Accrued liabilities 72,758 90,965
Current maturities of long-term debt 9,516 9,644
Current operating lease liabilities 64,794 60,208
Current liabilities of discontinued operations   27,274
Total current liabilities 271,117 299,678
Long-term debt 294,789 298,351
Operating lease liabilities 241,299 260,608
Deferred tax liabilities 104,765 105,571
Other non-current liabilities 74,392 71,433
Non-current liabilities of discontinued operations   351
Total liabilities 986,362 1,035,992
Commitments and contingencies
Shareholders' equity:    
Common stock, no par, 240,000 shares authorized, 147,382 and 147,186 shares issued, respectively 1,222,354 1,218,494
Retained earnings 408,228 398,914
Accumulated other comprehensive loss (46,926) (37,496)
Total shareholders' equity 1,583,656 1,579,912
Total liabilities and shareholders' equity $ 2,570,018 $ 2,615,904