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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating activities:        
Net income $ 140,443 $ 25,325 $ 201,761 $ 52,279
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 74,795 74,273 148,780 147,095
Equity-based compensation 7,236 6,357 15,641 14,900
Deferred income taxes 18,314 16,367 35,401 33,084
Loss on disposal of assets 1,035 998 1,017 5,983
Changes in certain assets and liabilities:        
Accounts receivable (103,598) (47,149) (179,194) 85,935
Inventories (108,893) 161,174 (26,326) 326,173
Other assets 10,613 7,386 11,359 11,894
Accounts payable 53,732 62,735 166,391 (64,318)
Income taxes receivable/payable 34,388 (6,844) 48,381 9,421
Accrued expenses 29,907 8,590 23,660 (78,527)
Net cash provided by operating activities 157,972 309,212 446,871 543,919
Investing activities:        
Purchases of property, plant and equipment (35,686) (22,821) (63,394) (56,172)
Other investing activities 1,206 806 4,260 2,469
Net cash used in investing activities (34,480) (22,015) (59,134) (53,703)
Financing activities:        
Issuance of current and long-term debt 63,655 60,941 84,107 111,034
Repayment of current and long-term debt (81,022) (60,557) (85,254) (488,008)
Debt issuance cost (1)   (6)  
Proceeds from exercise of stock options, including related tax effect 3,683 5,206 6,575 6,959
Distributions to noncontrolling investors, net (2) (1,135) (10) (1,164)
Dividends paid (34,090) (33,233) (67,515) (60,999)
Net cash used in financing activities (47,777) (28,778) (62,103) (432,178)
Increase in cash and equivalents 75,715 258,419 325,634 58,038
Cash and equivalents at beginning of period 976,951 160,982 727,032 361,363
Cash and equivalents at end of period 1,052,666 419,401 1,052,666 419,401
Supplemental disclosure information:        
Cash paid for interest 45,094 48,550 71,380 88,644
Cash paid (received) for federal and state income taxes, net $ 27,565 $ 7,046 $ 28,264 $ (11,493)