XML 48 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 242,350 $ 226,483
Adjustments to reconcile to cash provided by operating activities:    
Depreciation, depletion and amortization 82,199 92,027
Accretion on asset retirement obligations 15,411 20,977
Amortization of sales contracts, net (77) 9,540
Deferred income taxes 13,680 (22,999)
Employee stock-based compensation expense 17,305 12,161
Gains on disposals and divestitures, net (818) (54)
Net loss resulting from early retirement of debt and debt restructuring 0 485
Amortization relating to financing activities 2,757 3,300
Preference Rights Lease Application settlement income (39,000) 0
Changes in:    
Receivables (4,622) (5,983)
Inventories (46,073) (34,918)
Accounts payable, accrued expenses and other current liabilities 1,569 (24,762)
Income taxes, net 32,440 (1,942)
Other 16,932 (8,200)
Cash provided by operating activities 334,053 266,115
Investing activities    
Capital expenditures (137,396) (55,742)
Minimum royalty payments (1,187) (522)
Proceeds from disposals and divestitures 1,799 512
Purchases of short term investments (158,578) (140,097)
Proceeds from sales of short term investments 146,170 133,400
Investments in and advances to affiliates, net (4,810) (1,817)
Cash used in investing activities (154,002) (64,266)
Financing activities    
Payments on term loan due 2024 (2,250) (2,250)
Net payments on other debt (12,077) (10,286)
Debt financing costs 0 (1,009)
Net loss resulting from early retirement of debt and debt restructuring 0 (50)
Dividends paid (22,264) (23,966)
Purchases of treasury stock (232,999) (192,221)
Other 30 10
Cash used in financing activities (269,560) (229,772)
Decrease in cash and cash equivalents, including restricted cash (89,509) (27,923)
Cash and cash equivalents, including restricted cash, beginning of period 264,937 273,602
Cash and cash equivalents, including restricted cash, end of period 175,428 245,679
Cash and cash equivalents, including restricted cash, end of period    
Cash and cash equivalents, including restricted cash, end of period $ 264,937 $ 273,602