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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income $ 195,113 $ 218,363 $ 7,217
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 108,123 83,017 72,686
Stock-based compensation expense 7,881 6,375 6,576
Gain on disposition of assets, net (9,344) (8,804) (10,882)
Deferred income tax provision 8,647 19,496 4,888
Pension settlement charges 18,286 2,921  
Other non-cash adjustments 126 647 (180)
(Increase) decrease in assets:      
Accounts receivable 104,574 (157,894) (91,082)
Income taxes receivable (9,866) 16,101 24,439
Inventories (12,341) (18,413) 3,951
Prepaid expenses 5,233 (7,980) (650)
Other current assets 311 406 90
Other non-current assets (1,285) 9,306 (1,170)
Increase (decrease) in liabilities:      
Accounts payable (34,519) 35,759 32,900
Income taxes payable (224) (157) (459)
Unearned Revenue 15,743    
Accrued payroll and related expenses (2,223) 17,864 (3,080)
Pension liabilities (5,419)    
Accrued insurance expenses 2,108 (6,897) 4,640
Accrued state, local and other taxes 165 2,391 (883)
Other accrued expenses (5,732) (3,703) (4,061)
Pension and retirement plan liabilities 618 (4,589) (1,065)
Long-term accrued insurance expenses 3,053 (4,621) (52)
Other long-term liabilities 5,735 1,698 3,896
Net cash provided by operating activities 394,763 201,286 47,719
INVESTING ACTIVITIES      
Capital expenditures (181,005) (139,552) (67,645)
Proceeds from sale of assets 18,091 15,837 20,014
Purchase of business (78,798)    
Net cash used for investing activities (241,712) (123,715) (47,631)
FINANCING ACTIVITIES      
Payment of dividends (34,562) (8,645)  
Cash paid for common stock purchased and retired (21,088) (918) (567)
Cash paid for finance lease and finance obligations (515) (24,017) (1,584)
Net cash used for financing activities (56,165) (33,580) (2,151)
Net increase (decrease) in cash and cash equivalents 96,886 43,991 (2,063)
Cash and cash equivalents at beginning of period 126,424 82,433 84,496
Cash and cash equivalents at end of period 223,310 126,424 82,433
Supplemental cash flows disclosure:      
Income tax payments, net 62,226 35,809 (20,903)
Interest paid 166 170 166
Supplemental disclosure of noncash investing activities:      
Capital expenditures included in accounts payable $ 9,036 $ 9,334 $ 4,282