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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 5,623 $ 15,901
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 819 5,608
Gain on extinguishment of debt (1,134)  
Depreciation and amortization of property, plant and equipment 17,114 17,439
Stock-based compensation 1,393 719
Other 3,929 1,223
Cash provided (used) by changes in assets and liabilities:    
Accounts receivable (11,408) 15,418
Inventories 6,165 1,251
Prepaid insurance 4,078 5,158
Supplies, prepaid items and other (116) (4,455)
Accounts payable (7,911) (4,861)
Accrued interest 7,867 10,905
Other assets and other liabilities (2,312) (5,059)
Net cash provided by operating activities 24,107 59,247
Cash flows from investing activities    
Expenditures for property, plant and equipment (18,287) (18,437)
Proceeds from short-term investments 100,878 88,707
Purchases of short-term investments (34,689) (133,660)
Other investing activities   11
Net cash provided (used) by investing activities 47,902 (63,379)
Cash flows from financing activities    
Repurchases of 6.25% Senior Secured Notes (31,316)  
Payments on other long-term debt (1,443) (2,180)
Payments on short-term financing (4,379) (5,967)
Acquisition of treasury stock, net (7,163)  
Payments of debt-related costs (217)  
Other financing activities   (2,541)
Net cash used by financing activities (44,518) (10,688)
Net increase (decrease) in cash and cash equivalents 27,491 (14,820)
Cash, cash equivalents and restricted cash at beginning of period 101,032 63,769
Cash, cash equivalents and restricted cash at end of period $ 128,523 $ 48,949