Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 184,480 $ 218,120
Restricted cash 21,234 23,301
Short-term investments 4,588 3,892
Trade receivables, net 158,712 134,735
Inventory 250,405 250,593
Other current assets 116,144 118,472
Total current assets 735,563 749,113
Non-current assets:    
Property and equipment, net 743,394 742,610
Right-of-use assets under operating leases 1,365,200 1,384,693
Right-of-use assets under financing leases, net 160,357 162,668
Goodwill 292,173 292,173
Intangible assets, net 207,416 214,552
Equity investment 2,907 2,885
Deferred tax asset 62,368 52,293
Other non-current assets 51,505 49,377
Total assets 3,620,883 3,650,364
Current liabilities:    
Long-term debt, current portion 17,297 16,792
Accounts payable 233,960 213,657
Other current liabilities 150,569 179,536
Operating leases, current portion 68,403 67,053
Financing leases, current portion 9,392 9,186
Total current liabilities 479,621 486,224
Non-current liabilities:    
Long-term debt, net 867,661 828,647
Asset retirement obligation 85,063 84,710
Operating leases 1,378,302 1,395,032
Financing leases 212,174 213,032
Other non-current liabilities 236,822 266,602
Total liabilities 3,259,643 3,274,247
Commitments and contingencies - see Note 13
Series A redeemable preferred stock (no par value) - authorized: 1,000,000 shares; issued and outstanding: 1,000,000 and 1,000,000 shares, respectively; redemption value: $100,000 and $100,000, in the aggregate respectively 100,000 100,000
Shareholders' equity:    
Common stock (par value $0.0001) - authorized: 400,000,000 shares; issued: 130,114,413 and 125,268,525 shares, respectively; outstanding: 115,743,761 and 116,171,208 shares, respectively 12 12
Treasury stock, at cost - 14,370,652 and 9,097,317 shares, respectively (106,055) (74,134)
Additional paid-in capital 267,671 245,007
Accumulated other comprehensive income 9,119 9,119
Retained earnings 90,493 96,097
Total shareholders' equity 261,240 276,101
Non-controlling interest 0 16
Total equity 261,240 276,117
Total liabilities, redeemable preferred stock and equity $ 3,620,883 $ 3,650,364