XML 126 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 97,740 $ 65,636 $ 100,739
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 300,725 298,625 288,422
Allowance for doubtful accounts 2,408 15,817 7,901
Amortization of deferred financing costs and debt discount 3,809 3,846 3,482
Accretion of environmental liabilities 10,136 9,806 9,460
Changes in environmental liability estimates (332) 2,147 (195)
Deferred income taxes 8,005 19,089 (83,335)
Other (income) expense, net (2,897) 4,510 6,119
Stock-based compensation 17,816 16,792 13,146
Gain on sale of businesses (687) 0 (30,732)
Loss on early extinguishment of debt 6,131 2,488 7,891
Environmental expenditures (18,701) (10,115) (12,965)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable and unbilled accounts receivable (33,271) (79,563) (33,764)
Inventories and supplies (15,869) (26,958) (5,002)
Other current assets (14,421) (7,946) 16,720
Accounts payable 7,153 46,915 (10,684)
Other current and long-term liabilities 45,447 12,121 8,495
Net cash from operating activities 413,192 373,210 285,698
Cash flows used in investing activities:      
Additions to property, plant and equipment (216,324) (193,344) (167,007)
Proceeds from sale and disposal of fixed assets 11,655 15,445 7,124
Acquisitions, net of cash acquired (29,363) (151,023) (49,227)
Additions to intangible assets including costs to obtain or renew permits (3,904) (4,688) (1,617)
Purchases of available-for-sale securities (35,836) (44,772) (38,342)
Proceeds from sale of available-for-sale securities 51,202 28,723 376
Proceeds from sale of businesses, net of transactional costs 4,714 0 45,426
Net cash used in investing activities (217,856) (349,659) (203,267)
Cash flows used in financing activities:      
Change in uncashed checks (3,705) 132 (5,940)
Proceeds from exercise of stock options 0 0 46
Tax payments related to withholdings on vested restricted stock (7,429) (3,266) (3,149)
Repurchases of common stock (21,390) (45,080) (48,971)
Deferred financing costs paid (10,079) (4,027) (5,718)
Payments on finance leases (586) 0 0
Premiums paid on early extinguishment of debt (2,701) (1,238) (6,028)
Principal payments on debt (852,535) (405,768) (402,000)
Proceeds from issuance of debt, net of discount 845,000 348,250 399,000
Borrowing from revolving credit facility 0 50,000 0
Payment on revolving credit facility 0 (50,000) 0
Net cash used in financing activities (53,425) (110,997) (72,760)
Effect of exchange rate change on cash 3,573 (5,446) 2,731
Increase (decrease) in cash and cash equivalents 145,484 (92,892) 12,402
Cash and cash equivalents, beginning of year 226,507 319,399 306,997
Cash and cash equivalents, end of year 371,991 226,507 319,399
Cash payments for interest and income taxes:      
Interest paid 60,852 89,171 93,174
Income taxes paid 27,035 20,036 18,682
Non-cash investing activities:      
Property, plant and equipment accrued 30,964 15,657 16,109
Transfer of inventory to property, plant and equipment 0 0 12,641
Payable for estimated purchase price adjustment $ 0 $ 4,032 $ 0