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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Cash flows from operating activities:      
Net income $ 133,021 $ 115,739 $ 104,983
Adjustments to reconcile net income to net cash provided by operating activities (net of effect of acquisitions):      
Depreciation and amortization 99,157 105,559 82,497
Stock-based compensation expense 7,441 10,462 2,274
Gain on sale of property and equipment (31,890) (15,921) (8,059)
Gain on sale and leaseback transaction (40,084)    
Unrealized (gain) loss on interest rate swap (5,581) (4,859) 2,762
Other non-cash items 277 1,381 374
Changes in assets and liabilities:      
Accounts receivable (98,724) 10,540 (30,035)
Contract assets (118,806) (66,999) 19,288
Other current assets (70,275) (54,725) 13,562
Net deferred tax liabilities (assets) 14,695 25,564 (5,080)
Other long-term assets 932 (1,683) 2,170
Accounts payable 191,532 15,701 9,577
Contract liabilities (7,869) (29,111) 74,791
Operating lease assets and liabilities, net (505) (2,605) 747
Accrued liabilities 5,707 (24,700) 20,142
Other long-term liabilities 4,318 (4,596) 23,008
Net cash provided by operating activities 83,346 79,747 313,001
Cash flows from investing activities:      
Purchase of property and equipment (94,690) (133,842) (64,357)
Proceeds from sale of assets 41,302 49,548 21,851
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 (481,939) (691,268) (42,506)
Cash flows from financing activities:      
Borrowings under revolving line of credit or credit facility 188,560 100,000  
Payments on revolving line of credit or credit facility (88,560) (100,000)  
Proceeds from issuance of long-term debt 469,531 461,719 33,873
Payments on long-term debt (86,769) (113,851) (68,884)
Proceeds from issuance of common stock 585 178,707 578
Debt issuance costs (6,643) (4,876)  
Dividends paid (12,778) (12,565) (11,594)
Purchase of common stock (5,990) (14,720) (11,453)
Other (5,893) (8,681) (5,343)
Net cash provided by (used in) financing activities 452,043 485,733 (62,823)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (102) 456 (140)
Net change in cash, cash equivalents and restricted cash 53,348 (125,332) 207,532
Cash, cash equivalents and restricted cash at beginning of the year 205,643 330,975 123,443
Cash, cash equivalents and restricted cash at end of the year 258,991 205,643 330,975
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest 37,177 22,224 17,216
Cash paid for income taxes, net of refunds received 3,574 39,256 26,594
Leased assets obtained in exchange for new operating leases 98,127 17,149 54,803
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES      
Dividends declared and not yet paid $ 3,187 $ 3,192 $ 2,887