XML 38 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ 43,534 $ (55,705)
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 205,189 205,480
Goodwill impairment charge 31,992 123,414
Allowance for doubtful accounts 5,631 6,743
Amortization of deferred financing costs and debt discount 2,459 2,457
Accretion of environmental liabilities 7,795 7,975
Changes in environmental liability estimates (2,200) (2,991)
Deferred income taxes (18,994) 8,506
Stock-based compensation 6,550 6,446
Excess tax benefit of stock-based compensation (102) (829)
Deferred Tax Expense from Stock Options Exercised (78) 829
Net tax (deficiency) benefit on stock based awards (1,800) (1,500)
Other expense (income) 390 (4,136)
Environmental expenditures (16,773) (12,130)
Changes in assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable (63,222) (35,708)
Inventories and supplies 14,708 (20,675)
Other current assets 18,706 (10,048)
Accounts payable 47,051 (53,352)
Other current and long-term liabilities 26,957 29,763
Net cash from operating activities 309,593 196,039
Cash flows from investing activities:    
Additions to property, plant and equipment (189,999) (198,877)
Proceeds from sales of fixed assets 3,740 5,913
Proceeds from sales of marketable securities 0 12,947
Acquisitions, net of cash acquired (79,610) (6,150)
Additions to intangible assets, including costs to obtain or renew permits (4,633) (5,443)
Other 0 914
Net cash used in investing activities (270,502) (190,696)
Cash flows from financing activities:    
Change in uncashed checks (21,882) (591)
Proceeds from exercise of stock options 397 0
Issuance of restricted shares, net of shares remitted (2,027) (2,668)
Repurchases of common stock (69,155) (48,329)
Proceeds from employee stock purchase plan 0 4,364
Repayment of long-term obligations 0 5,000
Payments on capital leases (500) (1,682)
Excess tax benefit of stock-based compensation 102 829
Net cash from financing activities (93,065) (53,077)
Effect of exchange rate change on cash (13,714) (4,318)
Decrease in cash and cash equivalents (67,688) (52,052)
Cash and cash equivalents, beginning of period 246,879 310,073
Cash and cash equivalents, end of period 179,191 258,021
Cash payments for interest and income taxes:    
Interest paid 58,613 58,446
Income taxes paid 32,276 21,737
Non-cash investing and financing activities:    
Accrual for repurchased shares 658 5,464
Property, plant and equipment accrued 29,549 23,976
Receivable for estimated purchase price adjustment $ 2,518 $ 0