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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 259,200 $ 155,900 $ 143,100
Adjustments to reconcile income to net cash provided by operating activities:      
Depreciation and amortization 392,100 371,300 378,400
Gains on sales of assets (130,900) (121,200) (99,400)
Asset Impairment Charges 1,500 48,900 2,400
Employee benefit plans (4,300) 1,800 8,800
Share-based Payment Arrangement, Noncash Expense 18,300 12,700 17,400
Deferred income taxes 38,300 36,300 34,200
Share of affiliates’ earnings, net of dividends (47,400) 12,700 (1,200)
Other (6,400) 15,100 23,500
Investing Activities      
Additions to operating assets and facilities (1,665,000) (1,255,800) (1,130,100)
Acquisition of new businesses 0 0 (1,400)
Investments in affiliates 0 0 (400)
Portfolio investments and capital additions (1,665,000) (1,255,800) (1,131,900)
Portfolio proceeds 272,800 269,600 187,100
Short-Term Investments 150,000    
Proceeds from sales of other assets 20,200 31,100 54,700
Payments to Acquire Short-Term Investments   (148,500) 0
Payments for (Proceeds from) Other Investing Activities 2,700 30,100 (27,600)
Net cash used in investing activities (1,219,300) (1,073,500)  
Net cash used in investing activities     (917,700)
Cash Provided by (Used in) Investing Activities, Discontinued Operations     1,100
Financing Activities      
Net proceeds from issuances of debt (original maturities longer than 90 days) 1,420,000 848,300 1,491,900
Repayments of debt (original maturities longer than 90 days) (500,000) (250,000) (884,000)
Net increase (decrease) in debt with original maturities of 90 days or less (7,100) 0 (4,100)
Payments on capital lease obligations 0 (1,500) (77,200)
Stock repurchases (2,600) (47,200) (13,100)
Dividends (80,600) (76,600) (74,300)
Other (add shares used to pay taxes) 14,400 31,400 23,900
Net Cash Provided by (Used in) Financing Activities 844,100 504,400 463,100
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 1,600 (4,900) (1,800)
Net increase (decrease) in Cash, Cash Equivalents, and Restricted Cash during the year 146,800 (40,500) 51,900
Cash, Cash Equivalents, and Restricted Cash at beginning of period 304,000 344,500 292,600
Cash, Cash Equivalents, and Restricted Cash at end of period 450,800 304,000 344,500
Net Cash Provided by (Used in) Discontinued Operations     1,100
Net cash provided by operating activities $ 520,400 $ 533,500 $ 507,200