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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 77,795 $ 76,077 $ 101,806
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 198,792 182,972 156,612
Accretion of asset retirement obligation 5,257 3,977 3,232
Stock-based compensation 11,646 9,168 9,830
Income attributable to sale of tax benefits, net of interest expense (13,153) (12,201) (12,090)
Equity in losses (earnings) of investees, net 3,072 2,624 (92)
Mark-to-market of derivative instruments 1,613 741 (1,192)
Loss on disposal of property, plant and equipment (89) 0 0
Exploration Abandonment and Impairment Expense 828 0 0
Impairment of long-lived assets 32,648 0 0
Loss from prepayment of a long-term loan 1,102 0 0
Loss (gain) on severance pay fund asset 1,019 (1,335) (893)
Deferred income tax provision (18,979) (3,115) 5,102
Liability for unrecognized tax benefits 829 3,760 (12,673)
Other 575 526 338
Changes in operating assets and liabilities, net of businesses acquired:      
Receivables (19,929) 26,738 3,520
Costs and estimated earnings in excess of billings on uncompleted contracts (6,713) 14,852 13,821
Inventories 5,613 4,127 178
Prepaid expenses and other 4,888 (19,105) (2,687)
Change in operating lease right of use asset 2,717 3,010 3,825
Deposits and other 2,571 (4,154) (893)
Accounts payable and accrued expenses (2,045) (21,936) (5,373)
Billings in excess of costs and estimated earnings on uncompleted contracts (463) (1,931) 8,424
Liabilities for severance pay (2,861) (3,055) (2)
Change in operating lease liabilities (3,581) (2,816) (3,765)
Other liabilities, net (2,178) (102) (2,023)
Net cash provided by operating activities 280,974 258,822 265,005
Cash flows from investing activities:      
Purchase of marketable securities (19,192) (60,070) 0
Maturities of marketable securities 32,645 16,272 0
Sale of marketable securities 29,355 0 0
Capital expenditures (563,476) (419,272) (320,738)
Cash received from insurance recoveries 600 0 4,700
Investment in unconsolidated companies (4,509) (6,401) (20,960)
Cash paid for acquisition of a business, net of cash acquired 0 (171,000) (43,397)
Decrease (increase) in severance pay fund asset, net of payments made to retired employees 1,171 3,189 845
Other investing activities 0 (911) (6,419)
Net cash used in investing activities (523,406) (638,193) (385,969)
Cash flows from financing activities:      
Proceeds from long-term loans, net of transaction costs 135,259 275,000 419,262
Proceeds from exercise of options by employees 39 0 0
Proceeds from issuance of common stock, net of stock issuance costs 0 311 339,471
Proceeds from issuance of convertible notes, net of transaction costs 419,698 0 0
Purchase of capped call instruments (24,538) 0 0
Purchase of treasury stock (17,964) 0 0
Proceeds from the sale of limited liability company interest, net of transaction costs 50,330 37,141 0
Repayments of commercial paper and prepayments of long-term debt (219,126) 0 (50,000)
Proceeds from revolving credit lines with banks 0 0 1,249,400
Repayment of revolving credit lines with banks 0 0 (1,289,950)
Cash received from noncontrolling interest 5,443 5,390 7,577
Repayments of long-term debt and financing liability (185,163) (93,046) (135,384)
Cash paid to noncontrolling interest (5,880) (6,903) (9,739)
Payments under finance lease obligations (2,983) (3,181) (2,890)
Deferred debt issuance costs (1,699) (1,341) (1,798)
Cash dividends paid (27,143) (26,986) (22,471)
Net cash provided by (used in) financing activities 126,273 186,385 503,478
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents (609) (348) 1,154
Net change in cash and cash equivalents and restricted cash and cash equivalents (116,768) (193,334) 383,668
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 343,444 536,778 153,110
Cash and cash equivalents and restricted cash and cash equivalents at end of period 226,676 343,444 536,778
Supplemental disclosure of cash flow information:      
Interest, net of interest capitalized 69,132 66,627 60,830
Income taxes, net 29,004 34,357 64,795
Supplemental non-cash investing and financing activities:      
Increase (decrease) in accounts payable related to purchases of property, plant and equipment 4,764 7,976 3,148
Right of use assets obtained in exchange for new lease liabilities 8,759 6,175 3,642
Increase in asset retirement cost and asset retirement obligation $ 7,512 $ 12,153 $ 8,963