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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2019
May 31, 2018
OPERATING ACTIVITIES    
Net income $ 36,628 $ 186,016
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 58,068 53,598
Stock-based compensation 1,663 1,585
Amortization of financing costs 827 806
Deferred income taxes (294) (136,870)
Income from equity investments (11,937) (10,659)
Distribution from equity investee 12,650 11,138
Loss on retirements of long-lived assets, non-cash 1,021 2,601
Other, net (29) (233)
Changes in operating assets and liabilities:    
Receivables, net 613 (15,331)
Prepaid expenses and other assets (16,350) (16,521)
Accounts payable and other liabilities (2,772) (7,364)
Deferred income 42,242 53,696
Income taxes (424) 19,013
Net cash provided by operating activities 121,906 141,475
INVESTING ACTIVITIES    
Capital expenditures (42,562) (65,019)
Distribution from equity investee 122 487
Proceeds from sale of assets 30 418
Acquisition of assets 7,969 0
Other, net (279) 0
Net cash used in investing activities (50,658) (64,114)
FINANCING ACTIVITIES    
Payment of long-term debt (503) (473)
Exercise of Class A common stock options   718
Reacquisition of previously issued common stock (1,009) (7,175)
Net cash used in financing activities (1,512) (6,930)
Net increase in cash and cash equivalents 69,736 70,431
Cash and cash equivalents at beginning of period 269,011 256,702
Cash and cash equivalents at end of period $ 338,747 $ 327,133