v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Current assets:      
Cash $ 179,063   $ 289,717
Accounts receivable (less allowance for expected credit losses of $9,911 and $13,484, respectively) 815,633   654,390
Contract assets, net 1,202,456   1,071,703
Inventories 772,104   827,691
Prepaid expenses and other current assets 34,833   42,776
Income tax receivable 25,173   10,182
Total current assets 3,029,262   2,896,459
Property, plant and equipment, net 589,485   579,971
Operating lease right of use asset, net 224,421   222,151
Customer relationships, net 884,236   920,432
Other intangible assets, net 403,141   244,877
Goodwill 1,710,805   1,684,255
Other assets 5,932   6,434
Deferred income tax assets 2,832   2,832
Total assets 6,850,114   6,557,411
Current liabilities:      
Accounts payable 711,647   679,772
Accrued expenses and other current liabilities 263,191   91,499
Accrued employee costs 81,488   74,008
Operating lease liabilities, current 25,834   22,308
Contract liabilities 312,270   411,321
Income taxes payable, current 1,317   13,547
Long-term debt, current portion 23,322   23,444
Total current liabilities 1,419,069   1,316,337
Long-term debt 2,301,848   2,191,161
Operating lease liabilities, non-current 212,041   212,365
Deferred income tax liabilities 152,437   157,206
Income taxes payable, non-current 6,533   5,770
Other non-current liabilities 4,693   7,261
Total liabilities 4,096,621   3,890,100
Commitments and contingencies (Note 11)  
Stockholders' equity      
Common stock ($0.01 par value, 3,500,000,000 shares authorized; 334,653,783 issued and 330,910,687 outstanding as of June 30, 2026 and 334,461,630 issued and 334,294,245 outstanding as of December 31, 2025) 3,309   3,345
Additional paid-in capital 3,967,764   3,958,039
Accumulated deficit (1,108,696)   (1,285,904)
Accumulated other comprehensive loss (7,884)   (8,169)
Treasury stock (at cost, 2,195,745 and 176,019 shares as of March 31, 2026 and December 31, 2025) (101,000)    
Total stockholders' equity 2,753,493 $ 2,689,724 2,667,311
Total liabilities and stockholders' equity $ 6,850,114   6,557,411
Related Parties      
Current liabilities:      
Due to related parties     $ 438