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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ (404,048) $ (54,566)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 76,838 74,343
Amortization 13,653 14,964
Deferred income tax (benefit) expense 10,419 (7,999)
Equity in (income) loss of unconsolidated entities, net (73) (72)
Right-of-use assets 15,067 15,127
Property, plant and equipment impairment charge 0 7,386
Stock-based compensation 11,473 9,760
Contract exit charges 74,969 0
Other, net 1,177 (3,149)
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:    
Accounts receivable (170,120) (13,887)
Inventories 16,626 (7,283)
Contract assets (4,517) 12,413
Accounts payable (20,356) 10,716
Accrued interest payable (11,423) 539
Accrued compensation (16,717) (11,433)
Advances on contracts and other customer advances 534 (18,324)
Operating lease liabilities (14,630) (15,078)
Retirement plan liabilities, net 7,066 9,717
Reserve for contracts 129,519 (6,477)
Other assets and liabilities 9,141 11,876
Net cash (used) provided by operating activities (275,402) 28,573
Cash flows from investing activities:    
Purchases of property, plant and equipment (68,387) (60,659)
Proceeds from CE Holdings Note 1,724,804 0
Deposit for commercial commitments (25,000) 0
Proceeds from sales of assets 7,019 3,764
Expenditures for intangible assets (208) (51)
Net proceeds (payments) from settlement of foreign currency forward exchange contracts 852 (4,296)
Net cash (used) provided by investing activities 1,639,080 (61,242)
Cash flows from financing activities:    
Short-term borrowings, net (7,738) 5,831
Borrowings and repayments under Revolving Credit Facility, net (526,000) 62,000
Repayments of Term Loan (106,806) (2,500)
Repayments of Senior Notes (475,000) 0
Cash paid for finance leases and other long-term debt (10,607) (9,669)
Settlement of stock appreciation rights (16,529) 0
Stock-based compensation - Employee taxes paid (38,109) (1,534)
Other financing activities, net (2,802) 0
Net cash (used) provided by financing activities (1,183,591) 54,128
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (2,093) 1,918
Net increase (decrease) in cash and cash equivalents, including restricted cash and cash included in Current portion of assets held-for-sale 177,994 23,377
Cash and cash equivalents, including restricted cash and cash included in Current portion of assets held-for-sale, at beginning of period 125,348 90,158
Cash and cash equivalents, including restricted cash and cash included in Current portion of assets held-for-sale, at beginning of period 303,342 113,535
Reconciliation of cash and cash equivalents and restricted cash reported in the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 253,427 97,796
Restricted cash 49,915 15,739
Cash and cash equivalents, including restricted cash, at end of period $ 303,342 $ 113,535