XML 18 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income $ 39,081 $ 46,218
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 42,827 44,575
Amortization 1,250 2,504
Provision for doubtful accounts 757 0
Deferred income tax benefit (714) (3,380)
Share-based compensation expense 2,371 4,024
Asset impairment 64,724 60,777
Loss on sale of assets 77 9,806
Changes in assets and liabilities:    
Accounts receivable 60,883 27,965
Income tax receivable (829) (717)
Inventories of materials and supplies 11,023 (6,771)
Prepaid expenses, deferred costs and other current assets 7,462 5,095
Deferred costs and other assets (1,050) 62
Accounts payable (17,615) (14,248)
Accrued liabilities 8,570 14,866
Income tax payable (642) (1,333)
Deferred credits and other liabilities 1,973 5,263
Net cash provided by operating activities 220,148 194,706
Cash flows from investing activities:    
Capital expenditures (131,547) (149,042)
Proceeds from sale of assets 0 1,348
Net cash used in investing activities (131,547) (147,694)
Cash flows from financing activities:    
Proceeds from borrowing of long-term debt 45,000 0
Principal repayments on long-term debt (115,000) 0
Repayments on short-term debt, net 0 (5,931)
Dividends paid (16,316) 0
Proceeds (payments) related to exercise of stock options (599) 784
Debt issuance costs paid 0 (142)
Net cash used by financing activities (86,915) (5,289)
Net increase in cash and cash equivalents 1,686 41,723
Cash and cash equivalents, at beginning of period 113,983 80,080
Cash and cash equivalents, at end of period 115,669 121,803
Non-cash activities:    
Increase (decrease) in accounts payable and accrued liabilities related to capital expenditures 10,530 (4,525)
Dividends payable $ 4,858 $ 0