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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net income $ 193,214 $ 167,416
Noncash items included in net income:    
Depreciation and amortization 101,385 87,538
Deferred income taxes 4,084 12,772
Other, net 10,669 7,894
Changes in operating assets and liabilities:    
Accounts receivable (66,063) (10,771)
Accounts payable 11,438 10,893
Change in other assets and liabilities, net (17,485) 15,663
Net cash provided by operating activities 237,242 291,405
Investing Activities:    
Acquisition of property and equipment (681,919) (227,022)
Proceeds from disposal of property and equipment 643 529
Other 4,999 0
Net cash used in investing activities (676,277) (226,493)
Financing Activities:    
Repayments of revolving credit facility (489,100) 0
Borrowings of revolving credit facility 556,100 0
Borrowings on private shelf agreement 100,000 0
Proceeds from stock option exercises 1,993 2,250
Shares withheld for taxes (7,968) (8,928)
Repayment of finance leases (6,813) (9,650)
Other financing activity (223) (977)
Net cash provided by (used in) financing activities 153,989 (17,305)
Net (Decrease) Increase in Cash and Cash Equivalents (285,046) 47,607
Cash and Cash Equivalents, beginning of period 296,215 187,390
Cash and Cash Equivalents, end of period $ 11,169 $ 234,997