XML 38 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES    
Net income $ 75,492 $ 153,015
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash charges 107,056 105,121
Stock-based compensation expense 4,251 3,902
Loss on disposition of assets, net 4,397 3,308
Deferred income tax (benefit) provision (15,635) 6,931
Excess tax benefits for share-based payments (3,197) (2,172)
(Increase) decrease in assets:    
Accounts receivable 6,416 47,766
Income taxes receivable 7,431 12,449
Inventories 6,276 (18,621)
Prepaid expenses 2,706 2,478
Other current assets (964) (6,864)
Other non-current assets 26 (3,661)
Increase (decrease) in liabilities:    
Accounts payable 7,090 8,399
Income taxes payable 3,683 (7,840)
Accrued payroll and related expenses (3,253) (1,524)
Accrued insurance expenses 169 (281)
Accrued state, local and other taxes 606 3,368
Other accrued expenses (1,586) (1,056)
Pension liabilities 915 (2,148)
Long-term accrued insurance expenses 605 230
Other long-term liabilities (1,836) (666)
Net cash provided by operating activities 200,648 302,134
INVESTING ACTIVITIES    
Capital expenditures (108,490) (204,202)
Proceeds from sale of assets 5,158 7,999
Net cash used for investing activities (103,332) (196,203)
FINANCING ACTIVITIES    
Payment of dividends (44,030) (35,083)
Borrowings from notes payable to banks 350,500 450,850
Repayments of notes payable to banks (390,300) (492,150)
Excess tax benefits for share-based payments 3,197 2,172
Cash paid for common stock purchased and retired (20,587) (30,024)
Proceeds received upon exercise of stock options   167
Net cash used for financing activities (101,220) (104,068)
Net (decrease) increase in cash and cash equivalents (3,904) 1,863
Cash and cash equivalents at beginning of period 14,163 7,393
Cash and cash equivalents at end of period 10,259 9,256
Supplemental cash flows disclosure:    
Interest paid, net of amounts capitalized 406 978
Income taxes paid, net 53,298 84,965
Supplemental disclosure of noncash investing activities:    
Capital expenditures included in accounts payable $ 15,793 $ 18,272