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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 25,430 $ 155,708
Adjustments to reconcile net income to net cash flows from operating activities, net of effects of acquisitions    
Depreciation 60,961 60,211
Amortization of intangible assets 7,664 7,668
Share-based compensation expense 9,318 17,467
Deferred income taxes 48 (298)
Investment gain (4,733) (16,003)
Gain on disposal of property, plant, and equipment (4,954) (151)
Interest income forwards and collars (4,602) (737)
Other (1,469) 323
Changes in operating assets:    
Change in accounts receivable (12,855) (24,810)
Change in inventory (74,355) 32,588
Change in other operating assets 1,037 (29,689)
Changes in operating liabilities:    
Change in accounts payable (907) (6,992)
Change in accrued liabilities (15,923) (11,779)
Change in income tax payable (1,158) 7,181
Change in other operating liabilities (246) 1,741
Net cash flows from operating activities (16,744) 192,428
Cash flows from investing activities    
Purchases of property, plant, and equipment (38,328) (84,989)
Proceeds from sale of property, plant and equipment 165 362
Proceeds from short-term investments 2,664 1,933
Purchases of short-term investments (2,114) (4,094)
Purchases of securities 0 (13,900)
Proceeds from sales of securities 0 417
Insurance recovery 4,725 0
Other 2,048 2,780
Net cash flows from investing activities (30,840) (97,491)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 53,268 9,796
Repayments of lines of credit and short-term debt (66,247) (11,902)
Proceeds from long-term debt 3,155 10,193
Repayments of long-term debt (3,700) (103,251)
Repayment of and proceeds from finance lease obligation (27) (23)
Taxes paid related to net share settlement (5,742) (10,647)
Net changes in noncontrolling interest 2,544 107
Other (225) (932)
Net cash flows from financing activities (16,974) (106,659)
Effect of exchange rate changes on cash and cash equivalents 13,732 (4,641)
Change in cash and cash equivalents, including restricted cash (50,826) (16,363)
Cash and cash equivalents, beginning of period, including restricted cash 318,483 341,099
Cash and cash equivalents, end of period, including restricted cash 267,657 324,736
Supplemental Cash Flow Information    
Interest paid during the period 1,246 3,378
Taxes paid during the period 9,096 63,137
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment $ 11,001 $ 23,674