XML 21 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net income (loss) $ (895) $ 40,864 $ 33,883
Adjustments to reconcile net income(loss) to net cash provided by operating activities:      
Depreciation 123,995 69,287 63,324
Amortization reflected as operating expense 19,690 1,415 2,566
Amortization reflected as contra revenue 14,030 0 0
Amortization reflected as rent expense 728 0 0
Provision for bad debt 2,456 1,640 1,678
Straight line adjustment to management fee revenue 11,974 0 0
Stock based compensation expense 3,021 2,333 2,624
Excess tax benefits on stock option exercises 0 (679) (395)
Deferred income taxes (52,875) (451) 2,975
Net loss (gain) on disposal of equipment (23) 235 1,975
Unrealized (gains) loss on investments (143) 141 51
Net gains from patronage and equity investments (795) (805) (852)
Amortization of long term debt issuance costs 3,914 567 605
Net benefit from retirement plans (4,396) 0 0
Other 29 113 1,515
(Increase) decrease in:      
Accounts receivable 14,581 (1,047) (6,225)
Inventory, net (30,288) 492 1,921
Income taxes receivable 7,694 7,058 1,824
Other assets 5,273 (6,368) 1,055
Increase (decrease) in:      
Accounts payable 42,496 2,753 5,040
Income taxes payable 435 0 0
Deferred lease payable 4,273 962 1,024
Other deferrals and accruals (3,648) 811 405
Net cash provided by operating activities 161,526 119,321 114,993
Cash Flows From Investing Activities      
Acquisition of property, plant and equipment (173,231) (69,679) (68,232)
Proceeds from sale of assets 5,510 363 551
Cash disbursed for acquisition, net of cash acquired (657,354) 0 0
Release of restricted cash 2,167 0 0
Cash distributions from investments 2,895 54 43
Net cash used in investing activities (820,013) (69,262) (67,638)
Cash Flows From Financing Activities      
Principal payments on long-term debt (213,793) (23,000) (5,750)
Amounts borrowed under debt agreements 860,000 0 0
Cash paid for debt issuance costs (14,910) (7,880) 0
Dividends paid, net of dividends reinvested (11,705) (11,085) (10,761)
Excess tax benefits on stock option exercises 0 679 395
Repurchases of common stock (5,097) (1,885) (1,785)
Proceeds from issuances of common stock 3,373 1,007 1,147
Net cash provided by (used in) financing activities 617,868 (42,164) (16,754)
Net increase (decrease) in cash and cash equivalents (40,619) 7,895 30,601
Cash and cash equivalents:      
Beginning 76,812 68,917 38,316
Ending 36,193 76,812 68,917
Cash payments for:      
Interest, net of capitalized interest of $1,374 in 2016, $436 in 2015, and $373 in 2014 21,187 6,784 7,548
Income taxes paid, net $ 44,983 $ 21,119 $ 17,233