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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income (loss) $ (2,050) $ 280,949
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and depletion 78,813 73,652
Deferred income tax expense (benefit) (9,268) 68,553
Stock based compensation expense 5,634 4,218
Amortization of debt issuance costs and debt discount/premium, net 1,125 1,024
Accretion of asset retirement obligations 2,198 2,436
Loss on early extinguishment of debt 0 9,756
Changes in operating assets and liabilities:    
Trade accounts receivable 18,054 29,154
Income tax receivable 24,274 21,420
Inventories (43,887) (20,288)
Prepaid expenses and other receivables (5,906) 7,080
Accounts payable 11,169 18,749
Accrued expenses and other current liabilities (4,699) 645
Other 6,696 10,917
Net cash provided by operating activities 82,153 508,265
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (72,059) (78,366)
Deferred mine development costs (13,257) (18,398)
Proceeds from sale of property, plant and equipment 0 3,124
Sale of short-term investments 14,733 17,501
Purchases of short-term investments (8,500) (24,171)
Net cash used in investing activities (79,083) (100,310)
FINANCING ACTIVITIES    
Dividends paid (7,796) (237,814)
Borrowings under ABL Facility 70,000 0
Repayments under ABL Facility (30,000) 0
Retirements of debt, premium and fees 0 (140,272)
Principal repayments of finance lease obligations (10,972) (13,086)
Common shares repurchased 0 (12,546)
Other (1,272) (1,139)
Net cash provided by (used in) financing activities 19,960 (404,857)
Net increase in cash and cash equivalents and restricted cash 23,030 3,098
Cash and cash equivalents and restricted cash at beginning of period 193,383 206,405
Cash and cash equivalents and restricted cash at end of period $ 216,413 $ 209,503