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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net income $ 286,560 $ 179,474
Noncash items included in net income:    
Depreciation and amortization 117,578 105,773
Deferred income taxes 824 5,086
Other, net 268 4,290
Changes in operating assets and liabilities, net (61,156) (26,937)
Net cash provided by operating activities 344,074 267,686
Investing Activities:    
Acquisition of property and equipment (279,057) (154,884)
Proceeds from disposal of property and equipment 1,061 6,460
Other 0 (500)
Net cash used in investing activities (277,996) (148,924)
Financing Activities:    
Repayments of revolving credit agreement (1,000) (36,410)
Borrowings of revolving credit agreement 1,000 36,410
Proceeds from stock option exercises 4,416 3,678
Shares withheld for taxes (11,703) (6,571)
Repayment of finance leases (15,554) (15,805)
Net cash used in financing activities (22,841) (18,698)
Net Increase in Cash, Cash Equivalents and Restricted Cash [1] 43,237 100,064
Cash, Cash Equivalents and Restricted Cash, beginning of period [1] 106,588 25,308
Cash, Cash Equivalents and Restricted Cash, end of period [1] $ 149,825 $ 125,372
[1] Cash, cash equivalents and restricted cash at the end of the period includes $3.7 million of restricted cash included in accounts receivable, net on the Condensed Consolidated Balance Sheet ending September 30, 2021.