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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 184,292 $ (6,891)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization and impairment 254,994 238,491
Deferred income tax expense 29,080 404
Stock-based compensation expense 5,980 9,804
Net gain on asset disposals (1,374) (10,408)
Gain on early debt extinguishment (1,112) 0
Other 896 534
Changes in operating assets and liabilities:    
Accounts receivable 74,471 (116,859)
Inventory (12,302) (15,062)
Other current assets (24,284) (7,659)
Other assets 3,525 4,930
Accounts payable (4,214) 42,661
Accrued liabilities (106,546) (50,313)
Other liabilities (6,200) (4,615)
Net cash provided by operating activities 397,206 85,017
Cash flows from investing activities:    
Purchases of property and equipment (249,995) (191,198)
Proceeds from disposal of assets 7,792 15,346
Other (9) (2,342)
Net cash used in investing activities (242,212) (178,194)
Cash flows from financing activities:    
Purchases of treasury stock (100,915) (12,897)
Dividends paid (33,507) (17,263)
Repayment of senior notes (7,837) 0
Proceeds from borrowings under revolving credit facility 0 45,000
Repayment of borrowings under revolving credit facility 0 (20,000)
Net cash used in financing activities (142,259) (5,160)
Effect of foreign exchange rate changes on cash 0 449
Net increase (decrease) in cash and cash equivalents 12,735 (97,888)
Cash and cash equivalents at beginning of period 137,553 117,524
Cash and cash equivalents at end of period 150,288 19,636
Net cash received (paid) during the period for:    
Interest, net of capitalized interest of $836 in 2023 and $400 in 2022 (17,512) (20,341)
Income taxes (17,666) (880)
Non-cash investing and financing activities:    
Net increase in payables for purchases of property and equipment 12,720 19,779
Net increase in deposits on equipment purchases (1,171) (4,363)
Cashless exercise of stock options $ 0 $ 10,368