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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:      
Net income $ 357,422 $ 253,235 $ 138,340
Noncash items included in net income:      
Depreciation and amortization 157,203 141,700 134,655
Provision for doubtful accounts 3,074 3,559 4,271
Deferred income taxes 21,634 4,319 8,263
Loss (gain) from property disposals, net 50 (3,894) (2,528)
Stock-based compensation 8,827 8,703 7,536
Changes in operating assets and liabilities:      
Accounts receivable (16,624) (63,415) (25,051)
Accounts payable (9,523) 16,729 5,772
Other, net (49,037) (21,656) 37,887
Net cash provided by operating activities 473,026 382,592 309,145
Investing Activities:      
Acquisition of property and equipment (367,429) (285,746) (231,142)
Proceeds from disposal of property and equipment 1,917 8,398 12,325
Investment in equity securities 0 (500) 0
Net cash used in investing activities (365,512) (277,848) (218,817)
Financing Activities:      
Repayment of revolving credit agreement (1,000) (43,175) (369,001)
Borrowing of revolving credit agreement 1,000 43,175 323,072
Proceeds from stock option exercises 4,511 3,678 3,786
Shares withheld for taxes (11,752) (6,571) (3,600)
Repayment of finance leases (19,471) (20,571) (19,525)
Net cash used in financing activities (26,712) (23,464) (65,268)
Net Increase in Cash and Cash Equivalents 80,802 81,280 25,060
Cash and cash equivalents, beginning of year 106,588 25,308 248
Cash and cash equivalents, end of year $ 187,390 $ 106,588 $ 25,308