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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 423,860 $ 166,830 $ 55,661
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation, depletion and amortization 77,425 77,885 72,105
Basis of real estate sold 27,360 25,348 20,554
Gain on sale of facility     (9,176)
Loss on extinguishment of debt     5,512
Change in deferred taxes 25 (14,610) (11,045)
Pension and other postretirement employee benefits 22,079 23,666 11,877
Pension settlement charge   42,988  
Equity-based compensation expense 8,607 8,063 7,272
Net gain on fire damage (3,361)    
Other, net 363 (1,269) (2,324)
Change in working capital and operating-related activities      
Receivables, net (4,404) (12,439) 7,238
Inventories, net (10,333) 3,745 (3,519)
Other assets 7,331 4,591 5,305
Accounts payable and accrued liabilities (17,626) 25,848 (11,415)
Other liabilities (8,167) 1,327 3,955
Real estate development expenditures (9,229) (6,706) (7,254)
Funding of pension and other postretirement employee benefits (9,044) (10,004) (5,678)
Net cash from operating activities 504,886 335,263 139,068
CASH FLOWS FROM INVESTING ACTIVITIES      
Property, plant and equipment additions (38,947) (22,693) (39,153)
Timberlands reforestation and roads (16,401) (16,234) (17,695)
Acquisition of timber and timberlands (20,066) (6,858) (626)
Proceeds on sale of facility   1,000 58,793
Proceeds from property insurance 15,000    
Other, net 1,269 2,593 3,198
Net cash from investing activities (59,145) (42,192) 4,517
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends to common stockholders (388,241) (107,853) (107,722)
Repurchase of common stock   (15,364) (25,173)
Proceeds from issuance of long-term debt 40,000 46,000 190,000
Repayment of long-term debt (46,366) (46,000) (190,000)
Premiums and fees on debt retirement     (4,865)
Other, net (6,702) (1,768) (1,012)
Net cash from financing activities (401,309) (124,985) (138,772)
Change in cash, cash equivalents and restricted cash 44,432 168,086 4,813
Cash, cash equivalents and restricted cash at beginning of period 252,340 84,254 79,441
Cash, cash equivalents and restricted cash at end of period $ 296,772 $ 252,340 $ 84,254