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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities:    
Net income $ 285,962 $ 265,629
Noncash items included in net income:    
Depreciation and amortization 156,041 133,156
Deferred income taxes 6,026 17,496
Other, net 16,276 12,158
Changes in operating assets and liabilities:    
Accounts receivable (63,771) (58,005)
Accounts payable 12,095 25,160
Change in other assets and liabilities, net 6,334 20,674
Net cash provided by operating activities 418,963 416,268
Investing Activities:    
Acquisition of property and equipment (875,302) (340,528)
Proceeds from disposal of property and equipment 2,079 2,141
Other 4,999 1,379
Net cash used in investing activities (868,224) (337,008)
Financing Activities:    
Repayments of revolving credit facility (870,100) 0
Borrowings of revolving credit facility 953,100 0
Borrowings on private shelf agreement 100,000 0
Proceeds from stock option exercises 2,033 4,791
Shares withheld for taxes (8,820) (9,126)
Repayment of finance leases (8,525) (12,074)
Other financing activity (237) (979)
Net cash provided by (used in) financing activities 167,451 (17,388)
Net (Decrease) Increase in Cash and Cash Equivalents (281,810) 61,872
Cash and Cash Equivalents, beginning of period 296,215 187,390
Cash and Cash Equivalents, end of period $ 14,405 $ 249,262