v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,428 $ 4,750
Accounts receivable, net of allowance $12,994 and $12,629, respectively 224,656 253,637
Inventories, net 101,004 103,341
Fair value of derivative instruments 0 3,672
Contract assets 5,274 7,575
Prepaid expenses and other current assets 9,163 10,686
Total current assets 345,525 383,661
Property, plant and equipment, net 3,392,339 3,395,022
Operating lease right-of-use assets, net 47,866 53,754
Finance lease right-of-use assets, net 7,574 5,696
Goodwill 415,213 415,213
Identifiable intangible assets, net 158,999 162,747
Fair value of derivative instruments 6,978 17,544
Other assets 1,433 1,486
Total assets 4,375,927 4,435,123
Current liabilities:    
Accounts payable 50,385 57,562
Accrued liabilities 178,541 188,732
Contract liabilities 84,392 73,075
Total current liabilities 313,318 319,369
Long-term debt, net of unamortized debt issuance cost 2,545,019 2,581,909
Operating lease liabilities 43,735 49,748
Finance lease liabilities 5,394 3,514
Deferred tax liabilities 118,087 103,826
Other liabilities 1,908 3,150
Total liabilities 3,027,461 3,061,516
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, ($50.0 million authorized, $0.01 par value) $0.7 million and 0.8 million shares issued and outstanding as of June 30, 2025, and December 31, 2024, respectively 8 9
Common stock, ($750.0 million shares of common stock authorized, $0.01 par value) $89.6 million and $89.2 million issued and 87.6 million and 87.8 million outstanding as of June 30, 2025, and December 31, 2024, respectively 895 892
Additional paid-in capital 1,317,475 1,305,375
Treasury stock, at cost; 2.0 million and 1.4 million shares held as of June 30, 2025, and December 31, 2024, respectively (59,956) (40,000)
Noncontrolling interest 12,347 13,694
Accumulated other comprehensive loss (8,316) 0
Retained earnings 86,013 93,637
Total stockholders’ equity 1,348,466 1,373,607
Total liabilities and stockholders’ equity $ 4,375,927 $ 4,435,123

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