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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 163,880 $ 131,106
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation, depletion and amortization 19,874 18,399
Basis of real estate sold 10,854 8,823
Change in deferred taxes (2,123) 1,490
Pension and other postretirement employee benefits 3,857 5,627
Pension settlement charge 14,165
Equity-based compensation expense 2,056 1,930
Net loss on fire damage 276
Other, net (291) (387)
Change in working capital and operating-related activities, net 21,208 6,713
Real estate development expenditures (2,161) (2,315)
Funding of pension and other postretirement employee benefits (1,296) (1,421)
Net cash from operating activities 230,299 169,965
CASH FLOWS FROM INVESTING ACTIVITIES    
Property, plant and equipment additions (12,566) (7,762)
Timberlands reforestation and roads (4,648) (3,956)
Other, net 92 189
Net cash from investing activities (17,122) (11,529)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to common stockholders (30,524) (27,484)
Repayments of long term debt (3,000)
Other, net (1,071) (591)
Net cash from financing activities (34,595) (28,075)
Change in cash, cash equivalents and restricted cash 178,582 130,361
Cash, cash equivalents and restricted cash at beginning of period 296,772 252,340
Cash, cash equivalents and restricted cash at end of period 475,354 382,701
NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property, plant and equipment additions 1,516 2,263
Accrued timberlands reforestation and roads 98 813
Cash and cash equivalents 470,918 382,032
Restricted cash included in other long-term assets [1] $ 4,436 $ 669
Restricted Cash, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssetsMember us-gaap:OtherAssetsMember
Total cash, cash equivalents, and restricted cash $ 475,354 $ 382,701
[1]

Amounts included in restricted cash represent proceeds held by a qualified intermediary that are intended to be reinvested in timber and timberlands.