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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 226,483 $ 157,179
Adjustments to reconcile to cash provided by operating activities:    
Depreciation, depletion and amortization 92,027 94,536
Accretion on asset retirement obligations 20,977 22,826
Amortization of sales contracts, net 9,540 42,903
Prepaid royalties expensed 134 2,905
Deferred income taxes (22,999) 6,069
Employee stock-based compensation expense 12,161 7,485
Gains on disposals and divestitures, net (54) (23,006)
Net loss resulting from early retirement of debt and debt restructuring 485 2,547
Amortization relating to financing activities 3,300 2,628
Changes in:    
Receivables (5,983) (24,110)
Inventories (34,918) (13,102)
Accounts payable, accrued expenses and other current liabilities (24,762) 5,103
Income taxes, net (1,942) (2,430)
Other (8,334) 20,612
Cash provided by operating activities 266,115 302,145
Investing activities    
Capital expenditures (55,742) (30,503)
Minimum royalty payments (522) (5,033)
Proceeds from disposals and divestitures 512 11,432
Purchases of short term investments (140,097) (191,327)
Proceeds from sales of short term investments 133,400 123,996
Investments in and advances to affiliates, net (1,817) (9,216)
Cash used in investing activities (64,266) (100,651)
Financing activities    
Proceeds from issuance of term loan due 2024 0 298,500
Payments to extinguish term loan due 2021 0 (325,684)
Payments on term loan due 2024 (2,250) (1,500)
Net payments on other debt (10,286) (5,992)
Debt financing costs (1,009) (10,043)
Net loss resulting from early retirement of debt and debt restructuring (50) (2,360)
Dividends paid (23,966) (16,763)
Purchases of treasury stock (192,221) (215,735)
Other 10  
Cash used in financing activities (229,772) (279,577)
Decrease in cash and cash equivalents, including restricted cash (27,923) (78,083)
Cash and cash equivalents, including restricted cash, beginning of period 273,602 376,422
Cash and cash equivalents, including restricted cash, end of period $ 245,679 $ 298,339