XML 19 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES    
Net income $ 80,755 $ 65,524
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Depreciation, amortization and other non-cash charges 51,605 39,249
Stock-based compensation expense 1,901 2,215
Loss (gain) on disposition of assets, net 1,404 (1,411)
Deferred income tax benefit (11,290) (2,210)
Excess tax benefits for share-based payments (2,067) (2,278)
(Increase) decrease in assets:    
Accounts receivable 35,600 (62,909)
Income taxes receivable 12,311 18,793
Inventories (11,291) (7,218)
Prepaid expenses 1,153 1,090
Other current assets 578 (1,993)
Other non-current assets (4,197) (157)
Increase (decrease) in liabilities:    
Accounts payable 12,583 15,438
Income taxes payable 24,698 20,509
Accrued payroll and related expenses (6,929) (882)
Accrued insurance expenses 394 783
Accrued state, local and other taxes 635 1,671
Other accrued expenses (908) (69)
Pension liabilities (2,027) 417
Accrued insurance expenses 254 (193)
Other non-current liabilities (1,542) (737)
Net cash provided by operating activities 183,620 85,632
INVESTING ACTIVITIES    
Capital expenditures (121,408) (92,318)
Proceeds from sale of assets 3,680 6,030
Net cash used for investing activities (117,728) (86,288)
FINANCING ACTIVITIES    
Payment of dividends (17,571) (10,354)
Borrowings from notes payable to banks 282,100 190,300
Repayments of notes payable to banks (304,600) (161,750)
Excess tax benefits for share-based payments 2,067 2,278
Cash paid for common stock purchased and retired (29,675) (17,499)
Proceeds received upon exercise of stock options 128 324
Net cash (used for) provided by financing activities (67,551) 3,299
Net (decrease) increase in cash and cash equivalents (1,659) 2,643
Cash and cash equivalents at beginning of period 7,393 9,035
Cash and cash equivalents at end of period 5,734 11,678
Supplemental Information:    
Interest paid, net 678 1,200
Income taxes paid, net 24,879 2,826
Change in accounts payable for capital expenditures $ (3,190) $ 3,519