XML 37 R6.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
Write off of Deferred Debt Issuance Cost $ 17,445 $ 10,468 $ 3,135
Purchase of common stock 0 (3,581) (11,184)
Withholding taxes paid for conversion of employee stock awards 2,438 2,325 2,914
OPERATING ACTIVITIES:      
Net earnings from continuing operations 59,983 67,883 21,740
Net earnings (loss) from discontinued operations 1,219 1,402 (3,245)
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 285,353 204,559 170,751
Pension and post-retirement 15,700 3,766 20,933
Deferred income taxes 10,478 18,986 (30,771)
Amortization of stock-based compensation 7,002 5,047 3,632
Net (gain) loss on financial instruments 10,000 8 (1,400)
Changes in assets and liabilities:      
Accounts receivable (14,551) 25,380 (31,313)
Inventory and prepaid supplies (6,493) (3,273) (4,107)
Accounts payable 3,340 10,724 23,500
Unearned revenue 1,446 (3,824) (7,331)
Accrued expenses, salaries, wages, benefits and other liabilities 13,390 3,605 780
Pension and post-retirement assets (12,132) (35,293) (13,083)
Other 2,456 (4,109) 582
NET CASH PROVIDED BY OPERATING ACTIVITIES 396,938 298,025 234,992
INVESTING ACTIVITIES:      
Expenditures for property and equipment (453,502) (292,915) (296,939)
Proceeds from property and equipment 10,804 17,570 381
Investment in nonconsolidated affiliate (24,360) (866,558) (11,792)
Redemption of long term deposits 0 0 9,975
NET CASH (USED IN) INVESTING ACTIVITIES (467,058) (1,141,903) (298,375)
FINANCING ACTIVITIES:      
Principal payments on long term obligations (39,500) (58,640) (254,446)
Proceeds from borrowings 100,018 945,000 115,000
Proceeds from convertible notes 0 0 258,750
Payments for financing costs (1,081) (9,953) (7,887)
Purchase convertible note hedges 0 0 (56,097)
NET CASH PROVIDED BY FINANCING ACTIVITIES 56,999 870,501 79,724
Proceeds from issuance of warrants 0 0 38,502
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (13,121) 26,623 16,341
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 59,322 32,699 16,358
CASH AND CASH EQUIVALENTS AT END OF YEAR 46,201 59,322 32,699
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid, net of amount capitalized 57,546 17,278 13,693
Federal alternative minimum and state income taxes paid 1,294 1,213 1,938
SUPPLEMENTAL NON-CASH INFORMATION:      
Accrued expenditures for property and equipment 38,396 11,234 25,142
Net (gain) loss on financial instruments (12,302) 7,296 (79,789)
Accrued consideration for acquisition $ 0 $ 7,845 $ 0