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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 149,081 $ 151,690
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization expense 50,374 46,029
Non-cash operating lease costs 19,756 17,892
Deferred income taxes - net 2,443 10,088
Loss on extinguishment of debt 4,744 377
Amortization of deferred financing costs 3,455 3,465
Equity in earnings of joint ventures (5,300) (3,921)
Stock-based incentive compensation expense 30,638 27,620
Distribution from equity method investments 2,100 1,250
Other adjustments (435) (1,845)
Changes in operating assets and liabilities:    
Accounts receivable, net (55,430) (51,293)
Inventories (24,899) (36,595)
Prepaid expenses and other current assets 24,694 (3,175)
Accounts payable 10,224 164,754
Accrued compensation and employee benefits 8,338 (31,673)
Accrued expenses and other current liabilities 15,834 5,560
Operating lease liabilities (18,118) (16,833)
Other noncurrent assets and liabilities 5,057 3,880
Net cash provided by operating activities 222,556 287,270
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (27,661) (25,266)
Business acquisitions, net of cash acquired (117,247) 0
Other investing activities (2,529) 0
Net cash used in investing activities (147,437) (25,266)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Stock-based compensation tax withholdings (7,916) (11,235)
Purchase of company stock and related excise taxes (214,887) (160,122)
Repayments of debt principal (3,255) (4,756)
Proceeds from issuance of debt 229,472 49,959
Retirement of debt obligations (180,239) 0
Deferred financing costs (3,382) (77)
Other financing activities 2,345 3,404
Net cash used in financing activities (177,862) (122,827)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (102,743) 139,177
Cash and cash equivalents - beginning of the period 412,565 343,849
CASH AND CASH EQUIVALENTS - END OF PERIOD 309,822 483,026
Supplemental disclosure of cash flow information:    
Cash paid for interest 42,520 48,666
Cash paid for income taxes 49,836 45,258
Cash paid for operating leases $ 22,867 $ 21,861