XML 43 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net income $ 167,556 $ 129,252
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash charges 171,382 160,706
Stock-based compensation expense 7,115 6,397
Loss on disposition of assets, net 11,321 5,665
Deferred income tax benefit (35,508) (10,579)
Excess tax benefits for share-based payments (4,378) (3,157)
(Increase) decrease in assets:    
Accounts receivable (154,687) (2,677)
Income taxes receivable (983) (7,697)
Inventories (27,746) 12,392
Prepaid expenses 3,494 5,646
Other current assets (180) 1,095
Other non-current assets (1,701) (585)
Increase (decrease) in liabilities:    
Accounts payable 53,170 10,924
Income taxes payable 558 (6,260)
Accrued payroll and related expenses 4,841 1,273
Accrued insurance expenses (546) (272)
Accrued state, local and other taxes 5,607 1,536
Other accrued expenses 38 (1,502)
Pension liabilities 1,218 2,121
Long-term accrued insurance expenses (143) 589
Other long-term liabilities 5,846 (1,330)
Net cash provided by operating activities 206,274 303,537
INVESTING ACTIVITIES    
Capital expenditures (237,473) (159,854)
Proceeds from sale of assets 14,980 8,578
Net cash used for investing activities (222,493) (151,276)
FINANCING ACTIVITIES    
Payment of dividends (68,822) (65,923)
Borrowings from notes payable to banks 826,800 500,700
Repayments of notes payable to banks (728,100) (556,300)
Debt issue costs for notes payable to banks (667)  
Excess tax benefits for share-based payments 4,378 3,157
Cash paid for common stock purchased and retired (17,548) (25,121)
Net cash provided by (used for) financing activities 16,041 (143,487)
Net (decrease) increase in cash and cash equivalents (178) 8,774
Cash and cash equivalents at beginning of period 8,700 14,163
Cash and cash equivalents at end of period 8,522 22,937
Supplemental cash flows disclosure:    
Interest paid, net of amounts capitalized 836 1,145
Income taxes paid, net 136,647 106,728
Supplemental disclosure of noncash investing activities:    
Capital expenditures included in accounts payable $ 29,495 $ 19,987