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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income $ 55,953 $ 198,108
Adjustments to reconcile to cash from operating activities:    
Depreciation, depletion and amortization 38,820 35,479
Accretion on asset retirement obligations 5,869 5,292
Deferred income taxes 3,660 35,548
Employee stock-based compensation expense 5,588 6,767
Amortization relating to financing activities 658 450
Gain on disposals and divestitures, net (24) (279)
Reclamation work completed (1,355) (3,887)
Contribution to fund for asset retirement obligations (1,881) (1,141)
Changes in:    
Receivables 52,618 (57,968)
Inventories 571 (48,140)
Accounts payable, accrued expenses and other current liabilities (33,481) (63,508)
Income taxes, net 30 1,491
Other 1,240 17,909
Cash provided by operating activities 128,266 126,121
Investing activities    
Capital expenditures (45,446) (30,541)
Minimum royalty payments (50) (113)
Proceeds from disposals and divestitures 90 343
Purchases of short-term investments (11,332) (2,930)
Proceeds from sales of short-term investments 9,867 8,000
Investments in and advances to affiliates, net (4,203) (4,329)
Cash used in investing activities (51,074) (29,570)
Financing activities    
Proceeds from issuance of term loan due 2025 20,000  
Payments on term loan due 2024 (3,502) (750)
Payments on convertible debt   (58,430)
Net payments on other debt (12,796) (12,647)
Debt financing costs (1,500)  
Purchases of treasury stock (13,749) (20,806)
Dividends paid (43,662) (66,902)
Payments for taxes related to net share settlement of equity awards (24,259) (27,055)
Proceeds from warrants exercised   43,719
Cash used in financing activities (79,468) (142,871)
Decrease in cash and cash equivalents, including restricted cash (2,276) (46,320)
Cash and cash equivalents, including restricted cash, beginning of period 288,907 237,159
Cash and cash equivalents, including restricted cash, end of period 286,631 190,839
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash and cash equivalents 285,531 189,739
Restricted Cash $ 1,100 $ 1,100