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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income $ 195,433 $ 298,209 $ 213,521
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 132,900 127,119 118,864
Amortization of intangibles 12,829 12,920 5,357
Share-based compensation expense 11,438 12,775 11,426
Provision for losses on accounts receivable 3,630 6,955 1,466
Change in deferred income taxes (5,566) (6,250) (7,589)
(Gain) loss on sale of property and equipment 4,797 (11,650) (8,520)
Gain on sale of subsidiary   (402) (6,923)
Pre-tax gain on sale of discontinued operations (70,201)    
Lease impairment charges 30,162    
Change in fair value of contingent consideration (19,100) 18,300  
Change in fair value of equity investment (3,739)    
Changes in operating assets and liabilities:      
Receivables 41,189 (10,349) (122,782)
Prepaid expenses 2,563 (410) (1,482)
Other assets 3,830 (2,941) 354
Income taxes (10,657) (5,041) 13,136
Operating right-of-use assets and lease liabilities, net 2,920 2,952 623
Accounts payable, accrued expenses, and other liabilities (10,261) 28,632 106,064
NET CASH PROVIDED BY OPERATING ACTIVITIES 322,167 470,819 323,515
INVESTING ACTIVITIES      
Purchases of property, plant and equipment, net of financings (219,021) (148,223) (58,412)
Proceeds from sale of property and equipment 7,763 19,691 13,815
Proceeds from sale of discontinued operations 100,949    
Business acquisition, net of cash acquired   2,279 (239,380)
Proceeds from the sale of subsidiary   475 9,013
Purchases of short-term investments (96,537) (182,352) (56,011)
Proceeds from sale of short-term investments 198,120 64,329 73,182
Purchase of long-term investments     (25,350)
Capitalization of internally developed software (12,977) (17,282) (20,061)
NET CASH USED IN INVESTING ACTIVITIES (21,703) (261,083) (303,204)
FINANCING ACTIVITIES      
Borrowings under credit facilities   58,000 50,000
Proceeds from notes payable   14,206 3,523
Payments on long-term debt (69,180) (115,540) (171,915)
Net change in book overdrafts (14,101) 8,356 (1,957)
Deferred financing costs 55 (952) (314)
Payment of common stock dividends (11,542) (10,830) (8,139)
Purchases of treasury stock (91,531) (65,002) (83,100)
Forward contract for accelerated share repurchase     (25,000)
Payments for tax withheld on share-based compensation (10,311) (16,222) (10,743)
NET CASH USED IN FINANCING ACTIVITIES (196,610) (127,984) (247,645)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 103,854 81,752 (227,334)
CASH AND CASH EQUIVALENTS AT END OF PERIOD 262,226 158,372 76,620
NONCASH INVESTING ACTIVITIES      
Equipment financed 33,495 82,425 59,700
Accruals for equipment received 1,727 4,337 1,704
Lease liabilities arising from obtaining right-of-use assets $ 62,425 $ 87,294 $ 14,671