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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net Income $ 271,291 $ 304,097
Adjustments to reconcile net income to net cash flow from operating activities:    
Depreciation and amortization 56,806 56,914
Employee stock-based compensation expenses 20,070 8,845
Company stock 401(k) match contributions 10,216 10,226
Gain on investment sales (153,626) 0
Equity loss in unconsolidated investments, net 604 520
Merger termination fee 0 (136,000)
Pension expense, net of employer contributions 436 2,655
Change in operating assets and liabilities, net of acquisitions:    
Decrease in trade receivables 19,830 64,356
(Decrease) increase in accounts payable (35,820) 2,576
Increase in interest and taxes payable 33,194 1,100
Increase in deferred revenue 50 861
Changes in other assets and liabilities, net 2,108 (8,665)
Net cash flow from operating activities 225,159 307,485
Cash flows from investing activities:    
Purchase of property and equipment (20,883) (14,491)
Payments for acquisitions of businesses and assets, net of cash acquired (52,799) (1,150)
Payments for investments (9,789) (328)
Proceeds from investments 155,037 23
Proceeds from sale of assets 64 39
Net cash flow provided by (used for) investing activities 71,630 (15,907)
Cash flows from financing activities:    
Repurchase of common stock (154,699) (300,000)
Dividends paid (40,914) (40,489)
Payments for financing costs (6,448) 0
Other, net (10,035) (13,397)
Net cash flow used for financing activities (212,096) (353,886)
Increase (decrease) in cash and cash equivalents 84,693 (62,308)
Balance of cash and cash equivalents at beginning of period 361,036 551,681
Balance of cash and cash equivalents at end of period 445,729 489,373
Supplemental cash flow information:    
Cash paid for income taxes, net of refunds 48,091 74,372
Cash paid for interest $ 82,619 $ 83,058