v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 613,733 $ 684,031
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, accretion, and amortization 247,118 211,894
Gain on remeasurement of U.S. denominated intercompany loans (25,550) (137,753)
Non-cash compensation expense 63,699 56,552
Non-cash asset impairment and decommission costs 59,274 96,094
Deferred and non-cash income tax provision 38,587 94,643
Loss from extinguishment of debt, net 20,082  
(Gain) loss on sale of assets (16,320) 18,265
Other non-cash items reflected in the Statements of Operations 20,586 50,586
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net 26,268 (37,243)
Prepaid expenses and other assets (39,806) (14,533)
Operating lease right-of-use assets, net 111,623 97,110
Accounts payable and accrued expenses 2,196 8,219
Accrued interest 9,403 (24,497)
Long-term lease liabilities (106,144) (97,323)
Other liabilities (30,642) (18,742)
Net cash provided by operating activities 994,107 987,303
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions (204,677) (664,415)
Capital expenditures (183,597) (162,091)
Purchase of investments (1,558,693) (658,004)
Proceeds from sale of investments 1,532,516 909,937
Repayment of loan from unconsolidated joint venture   115,000
Proceeds from sale of assets 150,853 40,564
Other investing activities (6,841) (1,999)
Net cash used in investing activities (270,439) (421,008)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under Revolving Credit Facility 1,025,000 375,000
Repayments under Revolving Credit Facility (1,500,000) (95,000)
Proceeds from issuance of Senior Notes, net of fees 3,445,873  
Repayment of Term Loans (2,259,750) (17,250)
Repayment of Tower Securities (750,000) (1,165,000)
Repurchase and retirement of common stock (302,278) (281,531)
Payment of dividends on common stock (399,111) (360,780)
Proceeds from employee stock purchase/stock option plans 38,285 51,491
Payments related to taxes on stock options and restricted stock units (20,194) (24,875)
Other financing activities (5,180) (2,270)
Net cash used in financing activities (727,355) (1,520,215)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 444 18,657
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (3,243) (935,263)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 437,021 1,400,657
End of period 433,778 465,394
Cash paid during the period for:    
Interest 378,260 370,132
Income taxes 79,736 33,021
SUPPLEMENTAL CASH FLOW INFORMATION OF NON-CASH ACTIVITIES:    
Right-of-use assets obtained in exchange for new operating lease liabilities 30,860 97,843
Operating lease modifications and reassessments 116,731 120,853
Right-of-use assets obtained in exchange for new finance lease liabilities $ 1,573 $ 5,589