XML 17 R8.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 243,119 $ 603,154
Depreciation and amortization 472,396 455,679
Other operating activities and non-cash items 30,717 (20,396)
Changes in assets and liabilities (50,045) (492,673)
Net cash provided by operating activities 696,187 545,764
Cash flows from investing activities:    
Payments for property, plant and equipment (511,654) (575,502)
Proceeds from sale of property, plant and equipment 1,580 2,691
Proceeds from foreign exchange forward contracts 31,038 6,763
Payments for foreign exchange forward contracts (70,251) (95,789)
Payments for short-term investments (491,056) (364,274)
Proceeds from sale of short-term investments 71,159 26,202
Proceeds from maturities of short-term investments 267,393 274,452
Other investing activities 4,894 2,241
Net cash used in investing activities (696,897) (723,216)
Cash flows from financing activities:    
Proceeds from revolving credit facilities 370,000 80,000
Payments of revolving credit facilities (370,000) (80,000)
Proceeds from short-term debt 20,712 29,711
Payments of short-term debt (14,632) (21,662)
Proceeds from issuance of long-term debt 0 250,000
Payments of long-term debt (104,952) (183,493)
Payments of finance lease obligations (48,409) (26,938)
Payments of dividends (55,328) (36,725)
Other financing activities (1,801) (4,152)
Net cash (used in) provided by financing activities (204,410) 6,741
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (17,603) (33,491)
Net decrease in cash, cash equivalents and restricted cash (222,723) (204,202)
Cash, cash equivalents and restricted cash, beginning of period 962,406 831,521
Cash, cash equivalents and restricted cash, end of period 739,683 627,319
Non-cash investing and financing activities:    
Property, plant and equipment included in capital expenditures payable 227,293 270,476
Right of use assets acquired through finance lease liabilities 38,510 52,815
Right of use assets acquired through operating lease liabilities $ 4,383 $ 46,178