XML 22 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES:      
Net earnings from continuing operations $ 59,748 $ 196,438 $ 228,980
Net earnings from discontinued operations 579 2,143 2,440
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 363,528 355,848 341,849
Pension and post-retirement 18,980 2,675 7,244
Deferred income taxes 16,529 54,862 70,544
Amortization of stock-based compensation 8,516 8,342 7,386
Loss from non-consolidated affiliates 4,740 7,607 2,577
Net loss (gain) on financial instruments 962 (9,022) (29,979)
Debt issuance costs 936 0 6,505
Changes in assets and liabilities:      
Accounts receivable 79,185 (96,223) (51,888)
Inventory and prepaid supplies 11,997 (18,981) (3,123)
Accounts payable 58,151 6,047 30,388
Unearned revenue 10,634 (26,430) (7,011)
Accrued expenses, salaries, wages, benefits and other liabilities (2,382) 14,755 10,059
Pension and post-retirement balances 16,472 (24,258) (26,884)
Other 5,506 (1,683) (5,530)
NET CASH PROVIDED BY OPERATING ACTIVITIES 654,081 472,120 583,557
INVESTING ACTIVITIES:      
Expenditures for property and equipment (793,447) (599,431) (504,748)
Proceeds from property and equipment 29,118 15,913 19,427
Acquisitions and investments in businesses (1,600) (16,545) (2,155)
NET CASH (USED IN) INVESTING ACTIVITIES (765,929) (600,063) (487,476)
FINANCING ACTIVITIES:      
Principal payments on long term obligations (225,639) (365,628) (1,900,311)
Proceeds from revolving credit facilities 335,000 625,000 1,500,600
Payments for financing costs (10,779) (1,803) (3,099)
Proceeds from convertible note issuance 400,000 0 0
Repurchase of convertible notes 203,247 0 0
Repurchase of senior unsecured notes 0 (115,204) 0
Proceeds from bond issuance 0 0 207,400
Proceeds from issuance of warrants 0 0 131,967
Purchase of common stock (155,349) (53,868) 0
Withholding taxes paid for conversion of employee stock awards (2,986) (2,916) (2,861)
Other financing related proceeds 1,269 0 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 138,269 85,581 (66,304)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 26,421 (42,362) 29,777
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 27,134 69,496 39,719
CASH AND CASH EQUIVALENTS AT END OF YEAR 53,555 27,134 69,496
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid, net of amount capitalized 51,873 47,194 43,696
Federal and state income taxes paid 6,835 6,205 3,431
SUPPLEMENTAL NON-CASH INFORMATION:      
Accrued expenditures for property and equipment $ 41,703 $ 56,433 $ 43,479