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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating activities:        
Net income $ 25,325 $ 66,341 $ 52,279 $ 100,039
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 74,273 58,441 147,095 116,009
Equity-based compensation 6,357 4,700 14,900 10,468
Deferred income taxes 16,367 (280) 33,084 (4,371)
Loss on disposal of property, plant and equipment 998 3,456 5,983 6,097
Changes in certain assets and liabilities:        
Accounts receivable (47,149) (99,696) 85,935 (188,646)
Inventories 161,174 11,230 326,173 (6,124)
Other assets 7,386 345 11,894 7,704
Accounts payable 62,735 13,385 (64,318) 18,426
Income taxes receivable/payable (6,844) (4,964) 9,421 14,429
Accrued expenses and liabilities 8,590 23,056 (78,527) (25,264)
Net cash provided by operating activities 309,212 76,014 543,919 48,767
Investing activities:        
Purchases of property, plant and equipment (22,821) (33,534) (56,172) (58,375)
Other investing activities 806 2,314 2,469 31,198
Net cash used in investing activities (22,015) (31,220) (53,703) (27,177)
Financing activities:        
Issuance of current and long-term debt 60,941 63,945 111,034 107,398
Repayments of current and long-term debt (60,557) (76,412) (488,008) (132,658)
Exercise of stock options proceeds, including related tax effect 5,206 8,516 6,959 11,421
Contributions from noncontrolling investors, net (1,135) (606) (1,164) 4,764
Dividends paid (33,233) (25,666) (60,999) (50,181)
Net cash used in financing activities (28,778) (30,223) (432,178) (59,256)
Increase (decrease) in cash and equivalents 258,419 14,571 58,038 (37,666)
Cash and equivalents at beginning of period 160,982 342,919 361,363 395,156
Cash and equivalents at end of period 419,401 357,490 419,401 357,490
Supplemental disclosure information:        
Cash paid for interest 48,550 20,838 88,644 60,501
Cash paid (received) for federal and state income taxes, net $ 7,046 $ 43,008 $ (11,493) $ 45,151