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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:      
Net income $ 354,857 $ 357,422 $ 253,235
Noncash items included in net income:      
Depreciation and amortization 178,845 157,203 141,700
Allowance for credit losses 1,955 3,074 3,559
Deferred income taxes 10,070 21,634 4,319
Loss (gain) from property disposals, net 910 50 (3,894)
Stock-based compensation 11,636 8,827 8,703
Changes in operating assets and liabilities:      
Accounts receivable (23,391) (16,624) (63,415)
Accounts payable 10,752 (9,523) 16,729
Change in other assets and liabilities, net 32,311 (49,037) 21,656
Net cash provided by operating activities 577,945 473,026 382,592
Investing Activities:      
Acquisition of property and equipment (439,879) (367,429) (285,746)
Proceeds from disposal of property and equipment 2,727 1,917 8,398
Other (11,544) 0 (500)
Net cash used in investing activities (448,696) (365,512) (277,848)
Financing Activities:      
Repayment of credit and private shelf agreements 0 (1,000) (43,175)
Borrowing of credit and private shelf agreements 0 1,000 43,175
Proceeds from stock option exercises 4,875 4,511 3,678
Shares withheld for taxes (9,216) (11,752) (6,571)
Repayment of finance leases (14,520) (19,471) (20,571)
Other financing activity (1,563) 0 0
Net cash used in financing activities (20,424) (26,712) (23,464)
Net Increase in Cash and Cash Equivalents 108,825 80,802 81,280
Cash and cash equivalents, beginning of year 187,390 106,588 25,308
Cash and cash equivalents, end of year $ 296,215 $ 187,390 $ 106,588