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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net Income $ 189,262 $ 104,004
Adjustments to reconcile net income to net cash flow from operating activities:    
Depreciation and amortization 27,970 28,631
Employee stock-based compensation awards 11,132 3,688
Company stock 401(k) match contributions 5,429 5,564
Gain on investment sale (152,867) 0
Equity loss in unconsolidated investments, net 234 237
Pension expense, net of employer contributions 742 1,416
Change in operating assets and liabilities, net of acquisitions:    
Decrease in trade receivables 22,153 20,615
(Decrease) increase in accounts payable (34,950) 12,100
Increase (decrease) in interest and taxes payable 26,958 (1,627)
(Decrease) increase in deferred revenue (533) 1,797
Changes in other assets and liabilities, net 4,850 (6,038)
Net cash flow from operating activities 100,380 170,387
Cash flows from investing activities:    
Purchase of property and equipment (4,911) (2,845)
Payments for acquisitions of businesses and assets, net of cash acquired (52,799) (1,150)
Payments for investments (8,985) (163)
Proceeds from investments 152,867 23
Proceeds from sale of assets 52 13
Net cash flow provided by (used for) investing activities 86,224 (4,122)
Cash flows from financing activities:    
Repurchase of common stock (82,394) 0
Dividends paid (19,898) (21,360)
Payments for debt issuance costs (6,448) 0
Other, net (8,136) (13,407)
Net cash flow used for financing activities (116,876) (34,767)
Increase in cash and cash equivalents 69,728 131,498
Balance of cash and cash equivalents at beginning of period 361,036 551,681
Balance of cash and cash equivalents at end of period 430,764 683,179
Supplemental cash flow information:    
Cash paid for income taxes, net of refunds 1,044 914
Cash paid for interest $ 74,240 $ 73,862