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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interests $ 35,407 $ 4,299
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 73,606 68,854
Amortization of deferred financing costs 1,699 1,521
Amortization of contract costs 1,655 1,655
Distributions from unconsolidated affiliates 77,213 67,764
Derivatives settlement 3,754 974
Derivative fair value adjustment 1,957 11,770
Warrants fair value adjustment 0 (44)
Loss on disposal of assets 4,166 102
Equity in earnings from unconsolidated affiliates (60,469) (46,464)
Share-based compensation 22,561 17,540
Deferred income taxes 3,660 363
Changes in operating assets and liabilities:    
Accounts receivable 5,843 5,008
Other assets 1,865 (2,206)
Accounts payable (20,982) (3,175)
Accrued liabilities 1,756 (10,679)
Other non-current liabilities 11 1,677
Operating leases 3 632
Net cash provided by operating activities 153,705 119,591
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, plant and equipment expenditures (57,975) (58,862)
Intangible assets expenditures (2,223) (9,755)
Investments in unconsolidated affiliates (3,273) (58,658)
Distributions from unconsolidated affiliate 1,240 5,793
Cash proceeds from disposals 251 14
Net cash paid for acquisitions 0 (125,000)
Net cash used in investing activities (61,980) (246,468)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on debt issuance cost (11) 0
Proceeds from revolver 44,000 267,000
Payments on revolver (91,000) (125,000)
Cash dividends paid to Class A Common Stock shareholders (38,747) (16,927)
Distributions paid to Class C Common Unit limited partners (721) (174)
Repurchase of Class A Common Stock 0 (2,432)
Net cash (used in) provided by financing activities (86,479) 122,467
Net change in cash 5,246 (4,410)
CASH, BEGINNING OF PERIOD 4,510 6,394
CASH, END OF PERIOD 9,756 1,984
SUPPLEMENTAL SCHEDULE OF INVESTING AND FINANCING ACTIVITIES    
Cash paid for interest, net of amounts capitalized 57,095 36,745
Property and equipment and intangible accruals in accounts payable and accrued liabilities 20,564 32,715
Class A Common Stock issued through dividend and distribution reinvestment plan $ 74,247 $ 87,658