XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 91,520 $ 86,199
Adjustments to reconcile net income to net cash (used in) provided by operating activities (net of effect of acquisitions):    
Depreciation and amortization 69,348 78,865
Stock-based compensation expense 5,748 9,146
Gain on sale of property and equipment (17,987) (13,075)
Gain on sale and leaseback transaction (40,084)  
Unrealized gain on interest rate swap (5,616) (3,183)
Other non-cash items 1,877 823
Changes in assets and liabilities:    
Accounts receivable (122,867) (69,659)
Contract assets (148,044) (54,262)
Other current assets (98,489) (21,070)
Other long-term assets 1,975 477
Accounts payable 133,731 57,698
Contract liabilities (10,364) (67,821)
Operating lease assets and liabilities, net (896) (1,388)
Accrued liabilities 40,016 21,327
Other long-term liabilities (1,903) (8,457)
Net cash (used in) provided by operating activities (102,035) 15,620
Cash flows from investing activities:    
Purchase of property and equipment (75,696) (102,133)
Proceeds from sale of assets 19,237 43,488
Proceeds from sale and leaseback transaction, net of related expenses 49,887  
Cash paid for acquisitions, net of cash and restricted cash acquired (478,438) (606,974)
Net cash used in investing activities (485,010) (665,619)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 469,531 461,719
Payments on long-term debt (77,751) (96,473)
Proceeds from issuance of common stock 596 178,707
Debt issuance costs (6,643) (4,876)
Dividends paid (9,583) (9,334)
Purchase of common stock (5,990)  
Other (4,947) (7,038)
Net cash provided by financing activities 515,352 522,705
Effect of exchange rate changes on cash, cash equivalents and restricted cash (924) 300
Net change in cash, cash equivalents and restricted cash (72,617) (126,994)
Cash, cash equivalents and restricted cash at beginning of the period 205,643 330,975
Cash, cash equivalents and restricted cash at end of the period 133,026 203,981
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 20,025 16,555
Cash paid for income taxes, net of refunds received 2,540 31,194
Leased assets obtained in exchange for new operating leases 40,144 15,500
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends declared and not yet paid 3,195 3,228
Revolving Credit Facility    
Cash flows from financing activities:    
Borrowings under revolving line of credit or credit facility 150,000 100,000
Payments on revolving line of credit or credit facility   $ (100,000)
Canadian Credit Facility    
Cash flows from financing activities:    
Borrowings under revolving line of credit or credit facility 19,943  
Payments on revolving line of credit or credit facility $ (19,804)