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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 62,101 $ 333,900 $ 423,860
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation, depletion and amortization 121,154 98,234 77,425
Basis of real estate sold 31,392 29,921 27,360
Change in deferred taxes (9,269) (5,257) 25
Pension and other postretirement employee benefits 6,446 15,259 22,079
Pension settlement charge   14,165  
Equity-based compensation expense 9,115 18,497 8,607
Gain on fire damage (39,436) (34,505) (3,361)
Interest received under swaps with other-than-insignificant financing element (25,646) (3,002)  
Other, net 7,882 1,767 363
Change in working capital and operating-related activities, net of mergers      
Receivables, net 921 9,418 (4,404)
Inventories, net (10,706) 4,410 (10,333)
Other assets (758) (7,629) 7,331
Accounts payable and accrued liabilities (12,558) 97 (17,626)
Other liabilities (3,087) 3,115 (8,167)
Real estate development expenditures (11,504) (8,102) (9,229)
Funding of pension and other postretirement employee benefits (3,336) (5,065) (9,044)
Proceeds from insurance recoveries 36,400 26,678 0
Net cash from operating activities 159,111 491,901 504,886
CASH FLOWS FROM INVESTING ACTIVITIES      
Property, plant and equipment additions (95,916) (56,976) (38,947)
Timberlands reforestation and roads (23,863) (17,718) (16,401)
Acquisition of timber and timberlands (1,834) (110,110) (20,066)
Proceeds from property insurance 1,356 8,750 15,000
Cash acquired in CatchMark merger 0 23,571 0
Interest received under swaps with other-than-insignificant financing element 23,757 2,798 0
Other, net 1,196 2,165 1,269
Net cash from investing activities (95,304) (147,520) (59,145)
CASH FLOWS FROM FINANCING ACTIVITIES      
Distribution to common stockholders (143,595) (208,133) (388,241)
Repurchase of common stock (25,011) (54,549)  
Proceeds from issuance of long-term debt 40,000 317,500 40,000
Repayment of long-term debt (40,000) (343,000) (46,366)
Other, net (3,104) (7,380) (6,702)
Net cash from financing activities (171,710) (295,562) (401,309)
Change in cash, cash equivalents and restricted cash (107,903) 48,819 44,432
Cash, cash equivalents and restricted cash at beginning of period 345,591 296,772 252,340
Cash, cash equivalents and restricted cash at end of period $ 237,688 $ 345,591 $ 296,772