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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 249,734 $ 243,119
Depreciation and amortization 445,470 472,396
Other operating activities and non-cash items 22,558 30,717
Changes in assets and liabilities (166,502) (50,045)
Net cash provided by operating activities 551,260 696,187
Cash flows from investing activities:    
Payments for property, plant and equipment (458,067) (511,654)
Proceeds from sale of property, plant and equipment 5,097 1,580
Proceeds from foreign exchange forward contracts 32,185 31,038
Payments for foreign exchange forward contracts (58,430) (70,251)
Payments for short-term investments (441,851) (491,056)
Proceeds from sale of short-term investments 44,361 71,159
Proceeds from maturities of short-term investments 367,522 267,393
Other investing activities 7,431 4,894
Net cash used in investing activities (501,752) (696,897)
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 20,712
Payments of short-term debt (9,731) (14,632)
Proceeds from long-term debt 58,727 0
Payments of long-term debt (147,603) (104,952)
Payments of finance lease obligations (56,359) (48,409)
Payments of dividends (58,196) (55,328)
Other financing activities 819 (1,801)
Net cash used in financing activities (207,331) (204,410)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (2,868) (17,603)
Net decrease in cash, cash equivalents and restricted cash (160,691) (222,723)
Cash, cash equivalents and restricted cash, beginning of period 1,120,617 962,406
Cash, cash equivalents and restricted cash, end of period 959,926 739,683
Non-cash investing and financing activities:    
Property, plant and equipment included in capital expenditures payable 200,141 227,293
Right of use assets acquired through finance lease liabilities 126,045 38,510
Right of use assets acquired through operating lease liabilities $ 26,500 $ 4,383