Other Financial Information

3 Months Ended

Mar. 31, 2024

Other Financial Information [Abstract]

Other Financial Information

Note F – Other Financial Information

Additional disclosures regarding cash flow activities are provided below.

	Three Months Ended March 31,
(Thousands of dollars)	2024		2023
Net (increase) decrease in operating working capital, excluding cash and cash equivalents:
(Increase) decrease in accounts receivable	$	(13,174)	$	(3,976)
(Increase) decrease in inventories	4,860		(9,296)
Decrease in prepaid expenses	5,110		3,813
Increase (decrease) in accounts payable and accrued liabilities ¹	(24,852)		(63,800)
Increase (decrease) in income taxes payable	3,703		(1,772)
Net increase in noncash working capital	$	(24,353)	$	(75,031)
Supplementary disclosures:
Cash income taxes paid, net of refunds	$	405	$	3,342
Interest paid, net of amounts capitalized of $3.9 million in 2024 and $3.3 million in 2023	11,062		19,358
Non-cash investing activities:
Asset retirement costs capitalized	$	10,955	$	2,396
(Increase) decrease in capital expenditure accrual	(12,948)		15,973

1 Excludes payable balances relating to contingent consideration for prior acquisitions.