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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 109,668 $ 296,697
Depreciation and amortization 314,647 299,341
Other operating activities and non-cash items 4,784 (10,041)
Changes in assets and liabilities (6,521) (123,728)
Net cash provided by operating activities 422,578 462,269
Cash flows from investing activities:    
Payments for property, plant and equipment (282,309) (340,208)
Proceeds from sale of property, plant and equipment 1,107 773
Proceeds from foreign exchange forward contracts 22,451 6,704
Payments for foreign exchange forward contracts (50,170) (66,898)
Payments for short-term investments (355,135) (298,351)
Proceeds from sale of short-term investments 47,000 14,120
Proceeds from maturities of short-term investments 193,315 155,910
Other investing activities 4,869 1,278
Net cash used in investing activities (418,872) (526,672)
Cash flows from financing activities:    
Proceeds from revolving credit facilities 370,000 0
Payments of revolving credit facilities (370,000) 0
Proceeds from short-term debt 11,043 18,112
Payments of short-term debt (11,149) (12,048)
Proceeds from issuance of long-term debt 0 190,000
Payments of long-term debt (72,061) (155,284)
Payments of finance lease obligations (31,129) (15,943)
Payments of dividends (36,874) (24,473)
Other financing activities (1,589) (5,089)
Net cash used in financing activities (141,759) (4,725)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (16,091) (25,020)
Net decrease in cash, cash equivalents and restricted cash (154,144) (94,148)
Cash, cash equivalents and restricted cash, beginning of period 962,406 831,521
Cash, cash equivalents and restricted cash, end of period 808,262 737,373
Non-cash investing and financing activities:    
Property, plant and equipment included in capital expenditures payable 294,094 312,866
Right of use assets acquired through finance lease liabilities 26,053 33,629
Right of use assets acquired through operating lease liabilities $ 3,651 $ 31,923