v3.26.1
CONSOLIDATED AND CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net (loss) income $ (266,654) $ 50,205
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in losses (earnings) of unconsolidated entities 1,078 (3,319)
Gain on sale of subsidiaries 0 (119,952)
Loss on modification or extinguishment of debt 47,516 4,073
Equity-based compensation 16,438 2,163
Depreciation and amortization 90,202 59,010
Asset impairment 63,188 4,401
Change in deferred income taxes (10,952) (41,298)
Amortization of deferred financing costs 7,218 5,218
Amortization of bond discount 42,839 5,459
Amortization of other comprehensive income (10,523) (4,732)
Paid-in-kind interest expense 5,115 0
Other 840 1,216
Change in:    
Accounts receivable (5,492) (2,988)
Other assets (2,457) 2,540
Accounts payable and accrued liabilities (9,731) 15,593
Derivative liabilities 0 (66,178)
Other liabilities 1,035 (2,283)
Net cash used in operating activities (30,340) (90,872)
Cash flows from investing activities:    
Investment in unconsolidated entities (14,391) (12,585)
Acquisition of business, net of cash acquired (40,411) 226,628
Acquisition of property, plant and equipment (129,029) (148,319)
Proceeds from investor loan 0 11,001
Proceeds from sale of property, plant and equipment 9,043 2,198
Net cash (used in) provided by investing activities (178,163) 78,359
Cash flows from financing activities:    
Proceeds from debt, net 1,407,376 494,074
Repayment of debt (1,337,217) (126,102)
Payment of financing costs 15,796 21,545
Proceeds from financing obligation 50,000 0
Repayment of financing obligation (920) 0
Cash dividends - common stock (7,090) (6,886)
Cash dividends - redeemable preferred stock 0 (25,516)
Cash dividends - redeemable preferred stock - NCI (5,000) 0
Settlement of equity-based compensation (2,903) (545)
Payments to Noncontrolling Interests (1,248) 0
Net cash provided by financing activities 87,202 313,480
Net (decrease) increase in cash and cash equivalents and restricted cash and cash equivalents, including cash classified within assets held for sale (121,301) 300,967
Less: net decrease in cash classified within assets held for sale (32,070) 0
Net (decrease) increase in cash and cash equivalents and restricted cash and cash equivalents (153,371) 300,967
Cash and cash equivalents and restricted cash and cash equivalents, beginning of period 325,946 147,296
Cash and cash equivalents and restricted cash and cash equivalents, end of period 172,575 448,263
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of property, plant and equipment 78,457 47,622
Acquisition of business 0 (285,977)
Dividends and accretion of redeemable preferred stock (657) (17,282)
Dividends and accretion of redeemable preferred stock (65,451) 0
Financing fees 2,676 0
Payments for Deposits on Real Estate Acquisitions 3,410 0
Acquisition of leasing equipment 0 (564)
Proceeds from Divestiture of Businesses, Net of Cash Divested $ 35 $ 0