XML 47 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES      
Net income $ 274,436 $ 296,381 $ 146,742
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and other non-cash charges 214,153 179,787 133,253
Stock-based compensation expense 7,860 8,075 4,909
Loss (gain) on disposition of assets, net 6,099 3,831 (3,758)
Deferred income tax provision 4,821 77,074 22,262
Excess tax benefits for share-based payments (2,724) (3,371) (651)
Changes in current assets and liabilities:      
Accounts receivable 73,809 (167,312) (163,162)
Income taxes receivable 9,295 9,817 1,584
Inventories (40,354) (36,511) (8,130)
Prepaid expenses (2,284) (2,783) (1,041)
Other current assets 26,189 (30,524) 189
Accounts payable (4,929) 30,102 14,191
Income taxes payable (4,277) 4,917 5,141
Accrued payroll and related expenses (1,627) 9,799 13,173
Accrued insurance expenses 408 603 826
Accrued state, local and other taxes 2,260 2,078 987
Other accrued expenses 1,412 958 112
Changes in working capital 59,902 (178,856) (136,130)
Changes in other assets and liabilities:      
Pension liabilities (589) 1,249 1,628
Accrued insurance expenses 1,400 511 (108)
Other non-current assets (6,415) 294 (920)
Other non-current liabilities 990 1,032 1,430
Net cash provided by operating activities 559,933 386,007 168,657
INVESTING ACTIVITIES      
Capital expenditures (328,936) (416,400) (187,486)
Increased ownership interest in subsidiary (6,211)    
Proceeds from sale of assets 19,309 24,763 15,717
Net cash used for investing activities (315,838) (391,637) (171,769)
FINANCING ACTIVITIES      
Payment of dividends (114,069) (47,327) (20,647)
Borrowings from notes payable to banks 844,050 940,850 516,600
Repayments of notes payable to banks (940,350) (858,800) (485,650)
Debt issue costs for notes payable to banks   (415) (1,886)
Excess tax benefits for share-based payments 2,724 3,371 651
Cash paid for common stock purchased and retired (30,224) (34,419) (1,650)
Proceeds received upon exercise of stock options 544 728 240
Net cash (used for) provided by financing activities (237,325) 3,988 7,658
Net increase (decrease) in cash and cash equivalents 6,770 (1,642) 4,546
Cash and cash equivalents at beginning of year 7,393 9,035 4,489
Cash and cash equivalents at end of year $ 14,163 $ 7,393 $ 9,035