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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 40,613 $ 205,541
Adjustments to reconcile net income to net cash flows from operating activities, net of effects of acquisitions    
Depreciation 90,762 91,220
Amortization of intangible assets 11,497 11,476
Share-based compensation expense 16,083 23,436
Deferred income taxes (307) (2,479)
Investment gain (1,336) (17,555)
Gain on disposal of property, plant, and equipment (5,525) (1,554)
Interest income forwards and collars (7,091) (1,992)
Other (2,206) (268)
Changes in operating assets:    
Change in accounts receivable 16,482 (49,452)
Change in inventory (90,155) 10,905
Change in other operating assets 3,669 (42,144)
Changes in operating liabilities:    
Change in accounts payable (9,200) 3,312
Change in accrued liabilities (19,439) (1,915)
Change in income tax payable (6,975) 10,940
Change in other operating liabilities 741 3,051
Net cash flows from operating activities 37,613 242,522
Cash flows from investing activities    
Purchases of property, plant, and equipment (53,328) (123,472)
Proceeds from sale of property, plant and equipment 1,088 2,077
Proceeds from short-term investments 15,468 2,768
Purchases of short-term investments (12,958) (6,065)
Purchases of securities 0 (13,901)
Proceeds from sales of securities 0 3,891
Insurance recovery 4,725 0
Other (3,870) 5,331
Net cash flows from investing activities (48,875) (129,371)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 67,920 16,209
Repayments of lines of credit and short-term debt (72,433) (21,310)
Proceeds from long-term debt 6,283 25,204
Repayments of long-term debt (5,554) (150,527)
Repayment of and proceeds from finance lease obligation (36) (34)
Taxes paid related to net share settlement (9,516) (15,584)
Net changes in noncontrolling interest 2,544 117
Other (4,744) (4,753)
Net cash flows from financing activities (15,536) (150,678)
Effect of exchange rate changes on cash and cash equivalents 25,399 (5,935)
Change in cash and cash equivalents, including restricted cash (1,399) (43,462)
Cash and cash equivalents, beginning of period, including restricted cash 318,483 341,099
Cash and cash equivalents, end of period, including restricted cash 317,084 297,637
Supplemental Cash Flow Information    
Interest paid during the period 1,618 4,226
Taxes paid during the period 18,302 87,725
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment $ 13,186 $ 14,730