XML 18 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net (loss) income $ (32,511) $ 7,548
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash charges 61,418 67,555
Stock-based compensation expense 2,660 2,523
Gain on disposition of assets, net (1,256) (958)
Deferred income tax benefit (8,423) (18,413)
Excess tax benefits for share-based payments (403) (1,460)
(Increase) decrease in assets:    
Accounts receivable 56,887 203,706
Income taxes receivable 10,501 16,063
Inventories 3,674 1,217
Prepaid expenses 1,581 621
Other current assets 241 806
Other non-current assets 117 225
Increase (decrease) in liabilities:    
Accounts payable (29,410) (57,944)
Income taxes payable 1,065 783
Accrued payroll and related expenses (595) (22,346)
Accrued insurance expenses 668 862
Accrued state, local and other taxes 1,140 (841)
Other accrued expenses 2,069 (17)
Pension liabilities (732) 359
Long-term accrued insurance expenses (1,099) 769
Other long-term liabilities (14,120) (466)
Net cash provided by operating activities 53,472 200,592
INVESTING ACTIVITIES    
Capital expenditures (9,581) (103,492)
Proceeds from sale of assets 2,010 2,899
Net cash used for investing activities (7,571) (100,593)
FINANCING ACTIVITIES    
Payment of dividends   (22,762)
Borrowings from notes payable to banks   265,400
Repayments of notes payable to banks   (334,300)
Excess tax benefits for share-based payments 403 1,460
Cash paid for common stock purchased and retired (3,191) (4,093)
Net cash used for financing activities (2,788) (94,295)
Net increase in cash and cash equivalents 43,113 5,704
Cash and cash equivalents at beginning of period 65,196 9,772
Cash and cash equivalents at end of period 108,309 15,476
Supplemental cash flows disclosure:    
Interest paid, net of amounts capitalized 282 608
Income taxes (received) paid, net (32,487) 4,423
Supplemental disclosure of noncash investing activities:    
Capital expenditures included in accounts payable $ 1,862 $ 13,413