v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 20,066 $ 106,265 $ 180,963
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 182,869 174,463 160,045
Stock-based compensation expense 5,914 971 1,224
Long-lived asset impairment 0 0 9,107
Amortization of debt issuance costs 13,556 13,727 6,944
Non-cash lease expense 4,465 2,817 0
Provision for credit losses 7,101 86 (538)
Inventory reserve 500 500 0
(Gain) loss on sale of property, plant and equipment (777) (874) 426
Change in fair value of derivatives 42,890 (87,363) (40,827)
Deferred tax provision (benefit) 7,863 27,301 (60,972)
Loss on extinguishment of debt 4,359 0 0
Changes in operating assets and liabilities:      
Accounts receivable (22,742) (16,887) (14,936)
Inventories (4,583) (24,302) (2,969)
Contract assets (13,869) (3,555) 0
Prepaid expenses and other current assets (833) (3,269) 1,399
Accounts payable 10,166 (1,518) (2,776)
Accrued and other liabilities 2,781 25,579 5,240
Contract liabilities 6,600 5,905 7,648
Net cash provided by operating activities 266,326 219,846 249,978
Cash flows from investing activities:      
Purchase of property, plant and equipment (219,795) (259,349) (201,934)
Proceeds from sale of property, plant and equipment 1,449 8,082 13
Other (75) (115) (113)
Net cash used in investing activities (218,421) (251,382) (202,034)
Cash flows from financing activities:      
Borrowings on debt instruments 1,020,102 1,613,886 564,109
Payments on debt instruments (1,243,981) (724,895) (629,346)
Payment of debt issuance cost (32,768) (27,819) (885)
Proceeds from initial public offering, net of underwriter discounts 277,840 0 0
Offering costs (10,039) 0 0
Loss on extinguishment of debt (1,835) 0 0
Dividends paid to stockholders (29,793) 0 0
Contribution from parent 0 0 24,000
Distribution to parent (42,300) (838,000) (1,132)
Net cash (used in) provided by financing activities (62,774) 23,172 (43,254)
Net (decrease) increase in cash and cash equivalents (14,869) (8,364) 4,690
Cash and cash equivalents - beginning of year 20,431 28,795 24,105
Cash and cash equivalents - end of year 5,562 20,431 28,795
Supplemental cash disclosures:      
Cash paid for interest 216,648 143,441 119,887
Cash paid for taxes 9,762 2,177 1,850
Supplemental disclosure of non-cash investing activities:      
Increase in accrued capital expenditures (1,682) (1,918) (6,961)
Purchase of property, plant and equipment through exchange of lease ROU asset 3,227 0 0
Supplemental disclosure of non-cash financing activities:      
Non-cash debt novation (689,829) 0 0
Non-cash loss on extinguishment of debt (563) 0 0
Non-cash offering costs $ (25) $ 0 $ 0

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