Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 305,004 $ 261,758
Restricted cash 18,710 30,650
Short-term investments 6,465 5,330
Trade receivables, net 87,331 95,832
Inventory 190,707 231,225
Other current assets 109,520 97,413
Total current assets 717,737 722,208
Non-current assets:    
Property and equipment, net 739,570 747,548
Right-of-use assets under operating leases 1,340,450 1,386,244
Right-of-use assets under financing leases, net 144,601 157,999
Goodwill 299,973 299,973
Intangible assets, net 160,136 182,355
Equity investment 3,117 3,009
Deferred tax asset 62,625 67,689
Other non-current assets 66,603 53,633
Total assets 3,534,812 3,620,658
Current liabilities:    
Long-term debt, current portion 36,676 12,944
Accounts payable 156,616 190,212
Other current liabilities 148,340 159,239
Operating leases, current portion 78,162 71,580
Financing leases, current portion 13,239 11,515
Total current liabilities 433,033 445,490
Non-current liabilities:    
Long-term debt, net 875,469 868,055
Asset retirement obligation 89,304 87,375
Operating leases 1,374,101 1,408,293
Financing leases 199,691 211,051
Other non-current liabilities 195,975 223,528
Total liabilities 3,167,573 3,243,792
Commitments and contingencies - see Note 14
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: 131,853,614 and 130,153,836 shares, respectively; outstanding: 110,860,618 and 115,771,318 shares, respectively 11 12
Treasury stock, at cost - 20,992,996 and 14,382,518 shares, respectively (134,293) (106,123)
Additional paid-in capital 291,853 276,681
Accumulated other comprehensive income 9,119 9,119
Retained earnings 100,549 97,177
Total shareholders' equity 267,239 276,866
Total liabilities, redeemable preferred stock and shareholders' equity $ 3,534,812 $ 3,620,658