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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net income $ 22,848 $ 71,657
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,187 27,590
Deferred income taxes 4,709 (45,496)
Provision for credit losses 253 744
Share-based compensation 2,209 1,493
Gain on sale of property, plant and equipment (9,281)  
Gain on sale of discontinued operations   (58,883)
Gain on sale of used rental equipment (7,355) (3,089)
Foreign currency exchange loss (gain) 132 (226)
Amortization of debt issuance costs 2 2
Change in:    
Accounts receivable 15,165 16,209
Inventories (9,123) (5,313)
Prepaid expenses and other assets 5,298 (2,032)
Accounts payable 9,145 31,559
Accrued liabilities (13,037) (1,722)
Deferred income 11,268 3,218
Net cash provided by operating activities 59,420 35,711
Cash Flows from Investing Activities:    
Proceeds from sale of discontinued operations   262,454
Purchases of rental equipment (78,641) (77,731)
Purchases of property, plant and equipment (25,277) (6,857)
Cash paid for acquisition of businesses   (453,592)
Proceeds from sales of used rental equipment 13,554 12,197
Proceeds from sales of property, plant and equipment 12,251  
Net cash used in investing activities (78,113) (263,529)
Cash Flows from Financing Activities:    
Net borrowings under bank lines of credit 35,584 245,033
Taxes paid related to net share settlement of stock awards (4,082) (6,086)
Payment of dividends (11,774) (11,400)
Net cash provided by financing activities 19,728 227,547
Effect of foreign currency exchange rate changes on cash   4
Net increase (decrease) in cash 1,035 (267)
Cash balance, beginning of period 877 957
Cash balance, end of period 1,912 690
Supplemental Disclosure of Cash Flow Information:    
Interest paid, during the period 14,184 7,817
Net income taxes paid, during the period 479 413
Dividends accrued during the period, not yet paid 12,060 11,851
Rental equipment acquisitions, not yet paid $ 5,795 $ 5,697