XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net income $ 5,432 $ 112,073
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash charges 86,809 79,410
Stock-based compensation expense 4,888 4,586
Gain on disposition of assets, net (4,637) (3,173)
Deferred income tax (benefit) provision (12,579) 5,171
(Increase) decrease in assets:    
Accounts receivable (34,337) 843
Income taxes receivable 31,158 18,984
Inventories 11,701 (11,880)
Prepaid expenses 1,614 2,607
Other current assets 600 990
Other non-current assets (3,609) (1,113)
Increase (decrease) in liabilities:    
Accounts payable 2,764 22,892
Income taxes payable (3,647) 4,342
Accrued payroll and related expenses (2,758) 515
Accrued insurance expenses 1,167 293
Accrued state, local and other taxes 2,753 (2,751)
Other accrued expenses (349) 160
Pension liabilities 4,497 (4,367)
Long-term accrued insurance expenses 2,208 440
Other long-term liabilities (245) (818)
Net cash provided by operating activities 93,430 229,204
INVESTING ACTIVITIES    
Capital expenditures (132,253) (149,692)
Proceeds from sale of assets 9,776 6,895
Net cash used for investing activities (122,477) (142,797)
FINANCING ACTIVITIES    
Payment of dividends (32,224) (43,186)
Cash paid for common stock purchased and retired (7,349) (40,096)
Net cash used for financing activities (39,573) (83,282)
Net (decrease) increase in cash and cash equivalents (68,620) 3,125
Cash and cash equivalents at beginning of period 116,262 91,050
Cash and cash equivalents at end of period 47,642 94,175
Supplemental cash flows disclosure:    
Income taxes (refund) paid, net (12,125) 4,977
Supplemental disclosure of noncash investing activities:    
Capital expenditures included in accounts payable $ 31,407 $ 19,727