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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 267,090 $ 150,556 $ 139,898
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization expense 62,200 65,434 68,804
Non-cash operating lease costs 18,533 19,713 15,168
Deferred income taxes - net 12,766 49,187 (30,372)
(Gain)/loss on sale of assets 0 (9,403) 767
Loss on extinguishment of debt 0 0 13,387
Amortization of deferred financing costs 4,446 4,304 4,998
Equity in earnings of joint ventures (5,530) (5,125) (6,030)
Stock-based incentive compensation expense 30,479 16,783 9,575
Capital distribution from equity method investments 4,000 5,875 2,900
Other adjustments (1,244) 0 844
Changes in operating assets and liabilities:      
Accounts receivable, net 224 (36,889) (4,273)
Inventories (51,000) (41,010) (22,700)
Prepaid expenses and other current assets (6,290) (16,798) 1,420
Accounts payable 47,703 98,885 (10,381)
Accrued compensation and employee benefits 15,546 (7,770) 23,977
Accrued expenses and other current liabilities (1,727) 10,535 18,383
Operating lease liabilities (17,529) (21,395) (18,496)
Other noncurrent assets and liabilities (8,372) (15,335) 700
Net cash provided by operating activities 371,295 267,547 208,569
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (41,866) (35,358) (25,632)
Proceeds from sale of assets 3,743 14,670 0
Business acquisitions, net of cash acquired (12,494) (87,364) (85,909)
Other investing activities (5,889) 0 0
Net cash used in investing activities (56,506) (108,052) (111,541)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Exercise of stock options, vesting of restricted stock, and related tax withholdings (3,115) 352 (32)
Purchase of company stock (250,261) 0 0
Proceeds from warrant exercises 0 20,916 0
Proceeds from issuance of debt 0 0 855,136
Repayments of debt principal (6,000) (6,000) (8,832)
Retirement of debt obligations 0 0 (910,345)
Deferred financing costs 0 0 (10,339)
Debt prepayment fees 0 0 (2,458)
Other financing activities (5,750) 0 0
Net cash (used in) provided by financing activities (265,126) 15,268 (76,870)
NET INCREASE IN CASH AND CASH EQUIVALENTS 49,663 174,763 20,158
Cash and cash equivalents - beginning of the period 294,186 119,423 99,265
CASH AND CASH EQUIVALENTS - END OF PERIOD 343,849 294,186 119,423
Supplemental disclosure of cash flows information:      
Cash paid for interest 69,804 50,372 60,920
Cash paid for income taxes 75,241 13,438 5,706
Cash paid for operating leases $ 27,391 $ 25,311 $ 26,174