XML 21 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income (loss) $ 218,363 $ 7,217 $ (212,192)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, amortization and other non-cash charges 83,664 72,506 95,309
Stock-based compensation expense 6,375 6,576 8,735
Gain on disposition of assets, net (8,804) (10,882) (9,523)
Gain due to benefit plan financing arrangement     (891)
Deferred income tax provision (benefit) 19,496 4,888 (25,845)
Pension settlement, impairment and other non-cash charges 2,921   211,043
(Increase) decrease in assets:      
Accounts receivable (157,894) (91,082) 80,769
Income taxes receivable 16,101 24,439 (58,798)
Inventories (18,413) 3,951 18,076
Prepaid expenses (7,980) (650) 1,337
Other current assets 406 90 227
Other non-current assets 9,306 (1,170) (3,819)
Increase (decrease) in liabilities:      
Accounts payable 35,759 32,900 (9,130)
Income taxes payable (157) (459) (419)
Accrued payroll and related expenses 17,864 (3,080) (1,219)
Accrued insurance expenses (6,897) 4,640 (2,051)
Accrued state, local and other taxes 2,391 (883) 361
Other accrued expenses (3,703) (4,061) (6,541)
Pension and retirement plans liabilities (4,589) (1,065) (3,249)
Long-term accrued insurance expenses (4,621) (52) (2,218)
Other long-term liabilities 1,698 3,896 (2,004)
Net cash provided by operating activities 201,286 47,719 77,958
INVESTING ACTIVITIES      
Capital expenditures (139,552) (67,645) (65,065)
Proceeds from sale of assets 15,837 20,014 22,406
Proceeds from benefit plan financing arrangement     1,566
Re-investment in benefit plan financing arrangement     (1,566)
Net cash used for investing activities (123,715) (47,631) (42,659)
FINANCING ACTIVITIES      
Payment of dividends (8,645)    
Cash paid for common stock purchased and retired (918) (567) (826)
Cash paid for finance lease (24,017) (1,584)  
Net cash used for financing activities (33,580) (2,151) (826)
Net increase (decrease) in cash and cash equivalents 43,991 (2,063) 34,473
Cash and cash equivalents at beginning of period 82,433 84,496 50,023
Cash and cash equivalents at end of period 126,424 82,433 84,496
Supplemental cash flows disclosure:      
Income taxes payment (refund), net 35,809 (20,903) (10,051)
Interest paid 170 166 160
Supplemental disclosure of noncash investing activities:      
Capital expenditures included in accounts payable $ 9,334 $ 4,282 $ 3,859