Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 245,556 $ 305,004
Restricted cash 15,012 18,710
Short-term investments 8,166 6,465
Trade receivables, net 151,070 87,331
Inventory 208,475 190,707
Other current assets 116,237 109,520
Total current assets 744,516 717,737
Non-current assets:    
Property and equipment, net 759,328 739,570
Right-of-use assets under operating leases 1,336,883 1,340,450
Right-of-use assets under financing leases, net 132,959 144,601
Goodwill 299,973 299,973
Intangible assets, net 148,897 160,136
Equity investment 132 3,117
Deferred tax asset 63,549 62,625
Other non-current assets 70,738 66,603
Total assets 3,556,975 3,534,812
Current liabilities:    
Long-term debt, current portion 16,014 36,676
Accounts payable 198,850 156,616
Other current liabilities 162,346 148,340
Operating leases, current portion 80,504 78,162
Financing leases, current portion 6,445 13,239
Total current liabilities 464,159 433,033
Non-current liabilities:    
Long-term debt, net 658,498 875,469
Asset retirement obligation 89,815 89,304
Operating leases 1,376,279 1,374,101
Financing leases 196,462 199,691
Other non-current liabilities 200,970 195,975
Total liabilities 2,986,183 3,167,573
Commitments and contingencies - see Note 12
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
Stockholders' equity:    
Common stock (par value $0.0001) - authorized: 400,000,000 shares; issued: 133,848,601 and 131,853,614 shares, respectively; outstanding: 112,185,721 and 110,860,618 shares, respectively 11 11
Treasury stock, at cost - 21,662,880 and 20,992,996 shares, respectively (138,586) (134,293)
Additional paid-in capital 441,107 291,853
Accumulated other comprehensive income 9,119 9,119
Retained earnings 90,441 100,549
Total stockholders' equity 402,092 267,239
Non-controlling interests 68,700 0
Total equity 470,792 267,239
Total liabilities, redeemable preferred stock and equity $ 3,556,975 $ 3,534,812