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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES:    
Net earnings from continuing operations $ 58,163 $ 104,006
Net earnings from discontinued operations 0 882
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 178,735 175,820
Pension and post-retirement 9,490 648
Deferred income taxes 14,919 29,840
Amortization of stock-based compensation 3,966 3,854
Loss from non-consolidated affiliates 2,513 4,623
Net (gain) loss on financial instruments (78) (8,707)
Changes in assets and liabilities:    
Accounts receivable 82,597 (54,861)
Inventory and prepaid supplies 1,052 (5,639)
Accounts payable 55,834 13,211
Unearned revenue 18,323 (9,660)
Accrued expenses, salaries, wages, benefits and other liabilities (15,166) 10,439
Pension and post-retirement balances (4,363) (12,698)
Other 2,591 (1,549)
NET CASH PROVIDED BY OPERATING ACTIVITIES 408,576 250,209
INVESTING ACTIVITIES:    
Expenditures for property and equipment (412,925) (294,210)
Proceeds from property and equipment 10,445 154
Acquisitions and investments in businesses (800) (16,545)
NET CASH (USED IN) INVESTING ACTIVITIES (403,280) (310,601)
FINANCING ACTIVITIES:    
Principal payments on long term obligations (90,317) (295,310)
Proceeds from revolving credit facilities 140,000 450,000
Payments for financing costs (511) 0
Repurchase of senior unsecured notes 0 (115,204)
Purchase of common stock (36,874) 0
Withholding taxes paid for conversion of employee stock awards (1,578) (1,439)
NET CASH PROVIDED BY FINANCING ACTIVITIES 10,720 38,047
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 16,016 (22,345)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 27,134 69,496
CASH AND CASH EQUIVALENTS AT END OF YEAR 43,150 47,151
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of amount capitalized 20,238 22,198
Federal and state income taxes paid 6,513 507
SUPPLEMENTAL NON-CASH INFORMATION:    
Accrued expenditures for property and equipment $ 77,412 $ 51,228