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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 216,093 $ 207,086
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 152,419 148,283
Stock-based compensation 25,616 12,446
Amortization included in interest expense 3,271 3,294
Gain on disposition of assets (3,012) (4,364)
Equity in loss (earnings) of investee 555 (627)
Deferred tax benefit (64) (345)
Provision for doubtful accounts 1,643 5,558
Decrease (increase) in:    
Receivables (19,034) (42,589)
Prepaid expenses (6,665) (5,453)
Other assets (10,682) (4,249)
Increase (decrease) in:    
Trade accounts payable 2,628 (1,882)
Accrued expenses (6,420) (16,531)
Operating lease liabilities (25,945) (30,656)
Other liabilities 36,501 36,902
Net cash provided by (used in) operating activities 366,904 306,873
Cash flows from investing activities:    
Acquisitions (28,192) (42,122)
Capital expenditures (52,130) (93,007)
Proceeds from disposition of assets and investments 3,661 5,120
Net cash (used in) provided by investing activities (76,661) (130,009)
Cash flows from financing activities:    
Cash used for purchase of treasury stock (5,341) (5,946)
Net proceeds from issuance of common stock 11,505 7,692
Principal payments on long-term debt (197) (188)
Principal payments on financing leases (666) (666)
Payments on revolving credit facility (213,000) (110,000)
Proceeds received from revolving credit facility 218,000 198,000
Proceeds received from accounts receivable securitization program 86,200 31,900
Payments on accounts receivable securitization program (86,200) (47,000)
Debt issuance costs (23) (25)
Distributions to non-controlling interest (696) (367)
Dividends/distributions (266,326) (255,180)
Net cash used in financing activities (256,744) (181,780)
Effect of exchange rate changes in cash and cash equivalents (172) 76
Net increase (decrease) in cash and cash equivalents 33,327 (4,840)
Cash and cash equivalents at beginning of period 44,605 52,619
Cash and cash equivalents at end of period 77,932 47,779
Supplemental disclosures of cash flow information:    
Cash paid for interest 85,653 81,882
Cash paid for foreign, state and federal income taxes $ 5,205 $ 6,896