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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 362,939 $ 496,836 $ 438,647
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 462,967 293,423 349,449
Stock-based compensation 44,525 22,649 23,136
Amortization included in interest expense 6,332 6,538 6,158
Gain on disposition of assets (6,057) (5,474) (15,721)
Loss on extinguishment of debt 270 115 0
Equity in earnings of investee (5,094) (3,696) (4,315)
Deferred income tax (benefit) expense (4,036) 2,384 3,212
Provision for doubtful accounts 8,770 12,737 9,013
(Increase) decrease in:      
Receivables (43,000) (28,744) (22,511)
Prepaid expenses (2,656) 1,087 (906)
Other assets (7,424) (3,363) 2,711
Increase (decrease) in:      
Trade accounts payable 3,262 (307) 1,176
Accrued expenses 18,902 (1,708) (10,773)
Operating lease liabilities 7,498 2,490 7,198
Other liabilities 26,412 (11,354) (4,862)
Cash flows provided by operating activities 873,610 783,613 781,612
Cash flows from investing activities:      
Capital expenditures (125,284) (178,271) (167,078)
Acquisitions (45,393) (138,961) (479,766)
Decrease in notes receivable 65 62 12,124
Proceeds from disposition of assets 5,706 7,051 15,649
Cash flows used in investing activities (164,906) (310,119) (619,071)
Cash flows from financing activities:      
Net proceeds from issuance of common stock 20,980 15,689 18,894
Cash used for purchase of treasury shares (5,341) (5,989) (10,506)
Proceeds received from revolving credit facility 783,000 403,000 445,000
Payments on revolving credit facility (569,000) (378,000) (575,000)
Principal payments on long-term debt (400) (381) (365)
Principal payments on financing leases (1,331) (1,331) (1,331)
Proceeds received from senior credit facility term loans 0 0 350,000
Payments on senior credit facility term loans (350,000) 0 0
Proceeds received from accounts receivable securitization program 86,400 114,900 265,000
Payments on accounts receivable securitization program (86,400) (114,900) (190,000)
Debt issuance costs (464) (2,951) (1,583)
Distributions to non-controlling interest (1,655) (1,056) (814)
Dividends/distributions (579,214) (510,616) (508,614)
Cash flows used in financing activities (703,425) (481,635) (209,319)
Effect of exchange rate changes in cash and cash equivalents (423) 127 (391)
Net increase (decrease) in cash and cash equivalents 4,856 (8,014) (47,169)
Cash and cash equivalents at beginning of year 44,605 52,619 99,788
Cash and cash equivalents at end of year 49,461 44,605 52,619
Supplemental disclosures of cash flow information:      
Cash paid for interest 165,827 168,011 120,000
Cash paid for state and federal income taxes $ 8,505 $ 11,432 $ 16,325