v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,950 $ 4,750
Accounts receivable, net of allowance $12,629 and $12,629, respectively 253,660 253,637
Inventories, net 99,802 103,341
Fair value of derivative instruments 0 3,672
Contract assets 19,888 7,575
Prepaid expenses and other current assets 11,778 10,686
Total current assets 387,078 383,661
Property, plant and equipment, net 3,400,154 3,395,022
Operating lease right-of-use assets, net 51,367 53,754
Finance lease right-of-use assets, net 8,177 5,696
Goodwill 415,213 415,213
Identifiable intangible assets, net 161,040 162,747
Fair value of derivative instruments 11,619 17,544
Other assets 1,474 1,486
Total assets 4,436,122 4,435,123
Current liabilities:    
Accounts payable 71,724 57,562
Accrued liabilities 179,157 188,732
Contract liabilities 78,988 73,075
Total current liabilities 329,869 319,369
Long-term debt, net of unamortized debt issuance cost 2,588,329 2,581,909
Operating lease liabilities 46,524 49,748
Finance lease liabilities 5,978 3,514
Deferred tax liabilities 108,666 103,826
Other liabilities 899 3,150
Total liabilities 3,080,265 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 March 31, 2025, and December 31, 2024, respectively 8 9
Common stock, ($750.0 million shares of common stock authorized, $0.01 par value) $89.5 million and $89.2 million issued and 87.8 million and 87.8 million outstanding as of March 31, 2025, and December 31, 2024, respectively 895 892
Additional paid-in capital 1,311,473 1,305,375
Treasury stock, at cost; 1.7 million and 1.4 million shares held as of March 31, 2025, and December 31, 2024, respectively (49,956) (40,000)
Noncontrolling interest 12,029 13,694
Accumulated other comprehensive loss (5,684) 0
Retained earnings 87,092 93,637
Total stockholders’ equity 1,355,857 1,373,607
Total liabilities and stockholders’ equity $ 4,436,122 $ 4,435,123

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