v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net loss $ (40) $ (22)
Adjustments to reconcile net loss to net cash from operating activities    
Depreciation and amortization expense 62 33
Stock compensation expense 14 11
Deferred tax benefit (13) (9)
Impairment of operating lease assets 4 0
Other 6 2
Changes in assets and liabilities    
Accounts receivable 159 13
Other current assets and other long-term assets (7) 1
Accounts payable (93) (27)
Accrued expenses, other current liabilities and other long-term liabilities (71) 0
Net cash provided by operating activities 21 2
Investing activities    
Payment for purchases of property and equipment (29) (22)
Proceeds from sale of property and equipment 1 0
Business acquisition, net of cash acquired (10) 0
Other 5 0
Net cash used in investing activities (43) (22)
Financing activities    
Proceeds from borrowings on revolving credit facilities 261 119
Repayment of borrowings on revolving credit facilities (227) (92)
Payment for equity issuance costs (1) 0
Payment for tax withholdings related to vesting of stock compensation awards (18) (3)
Repayment of debt and finance leases (1) (1)
Other (10) (1)
Net cash provided by financing activities 4 22
Effect of exchange rates on cash, cash equivalents and restricted cash 2 0
Net increase (decrease) in cash, cash equivalents and restricted cash (16) 2
Cash, cash equivalents, and restricted cash, beginning of period 35 5
Cash, cash equivalents, and restricted cash, end of period 19 7
Supplemental disclosure of cash flow information:    
Leased assets obtained in exchange for new operating lease liabilities 22 49
Cash paid for income taxes, net 4 2
Cash paid for interest, net 16 15
Purchases of property and equipment in accounts payable, accrued expenses and other liabilities 10 1
Accrued tax withholdings related to vesting of stock compensation awards $ 0 $ 1