Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 183,804 $ 305,004
Restricted cash 12,995 18,710
Short-term investments 8,337 6,465
Trade receivables, net 188,374 87,331
Inventory 222,645 190,707
Other current assets 111,729 109,520
Total current assets 727,884 717,737
Non-current assets:    
Property and equipment, net 778,617 739,570
Right-of-use assets under operating leases 1,316,436 1,340,450
Right-of-use assets under financing leases, net 130,653 144,601
Goodwill 299,973 299,973
Intangible assets, net 143,397 160,136
Equity investment 118 3,117
Deferred tax asset 57,772 62,625
Other non-current assets 71,985 66,603
Total assets 3,526,835 3,534,812
Current liabilities:    
Long-term debt, current portion 16,155 36,676
Accounts payable 216,215 156,616
Other current liabilities 174,046 148,340
Operating leases, current portion 82,810 78,162
Financing leases, current portion 6,584 13,239
Total current liabilities 495,810 433,033
Non-current liabilities:    
Long-term debt, net 608,588 875,469
Asset retirement obligation 88,656 89,304
Operating leases 1,357,477 1,374,101
Financing leases 194,852 199,691
Other non-current liabilities 202,595 195,975
Total liabilities 2,947,978 3,167,573
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
Stockholders' equity:    
Common stock (par value $0.0001) - authorized: 400,000,000 shares; issued: 133,848,601 and 131,853,614 shares, respectively; outstanding: 112,175,416 and 110,860,618 shares, respectively 11 11
Treasury stock, at cost - 21,673,185 and 20,992,996 shares, respectively (138,639) (134,293)
Additional paid-in capital 445,816 291,853
Accumulated other comprehensive income 9,119 9,119
Retained earnings 96,318 100,549
Total stockholders' equity 412,625 267,239
Non-controlling interests 66,232 0
Total equity 478,857 267,239
Total liabilities, redeemable preferred stock and equity $ 3,526,835 $ 3,534,812