XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 127,044 $ 109,668
Depreciation and amortization 294,874 314,647
Other operating activities and non-cash items 17,966 4,784
Changes in assets and liabilities (52,816) (6,521)
Net cash provided by operating activities 387,068 422,578
Cash flows from investing activities:    
Payments for property, plant and equipment (262,543) (282,309)
Proceeds from sale of property, plant and equipment 4,813 1,107
Proceeds from foreign exchange forward contracts 5,088 22,451
Payments for foreign exchange forward contracts (43,091) (50,170)
Payments for short-term investments (279,526) (355,135)
Proceeds from sale of short-term investments 30,914 47,000
Proceeds from maturities of short-term investments 263,932 193,315
Other investing activities 5,354 4,869
Net cash used in investing activities (275,059) (418,872)
Cash flows from financing activities:    
Proceeds from revolving credit facilities 0 370,000
Payments of revolving credit facilities 0 (370,000)
Proceeds from short-term debt 5,012 11,043
Payments of short-term debt (8,055) (11,149)
Proceeds from long-term debt 58,727 0
Payments of long-term debt (116,921) (72,061)
Payments of finance lease obligations (38,678) (31,129)
Payments of dividends (38,778) (36,874)
Other financing activities 216 (1,589)
Net cash used in financing activities (138,477) (141,759)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (13,724) (16,091)
Net decrease in cash, cash equivalents and restricted cash (40,192) (154,144)
Cash, cash equivalents and restricted cash, beginning of period 1,120,617 962,406
Cash, cash equivalents and restricted cash, end of period 1,080,425 808,262
Non-cash investing and financing activities:    
Property, plant and equipment included in capital expenditures payable 255,244 294,094
Right of use assets acquired through finance lease liabilities 68,195 26,053
Right of use assets acquired through operating lease liabilities $ 9,373 $ 3,651