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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income (loss) $ 12,665 $ (59,117)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 30,949 32,220
Asset impairment 0 87,156
Other 4,795 (2,230)
Changes in operating assets and liabilities:    
Accounts receivable 57,725 125,113
Inventories 169,083 178,010
Commodity derivatives (28,498) 83,148
Other current and non-current assets 1,923 (17,543)
Payables and other current and non-current liabilities (488,269) (760,292)
Net cash used in operating activities (239,627) (333,535)
Investing Activities    
Purchases of property, plant and equipment and capitalized software (26,775) (25,470)
Proceeds from sale of Rail assets 0 2,871
Other 4,723 2,792
Net cash used in investing activities (22,052) (19,807)
Financing Activities    
Net (payments) receipts under short-term lines of credit (31,913) 363,619
Payments of long-term debt (6,870) (30,251)
Distributions to noncontrolling interest owner (44,910) (9,980)
Dividends paid (6,516) (6,279)
Value of shares withheld for taxes (8,071) (6,616)
Other 0 (1,676)
Net cash (used in) provided by financing activities (98,280) 308,817
Effect of exchange rates on cash and cash equivalents 7 109
Decrease in cash and cash equivalents (359,952) (44,416)
Cash and cash equivalents at beginning of period 643,854 115,269
Cash and cash equivalents at end of period $ 283,902 $ 70,853