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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 15,901 $ 58,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 5,608 10,823
Depreciation and amortization of property, plant and equipment 17,439 17,197
Stock-based compensation 719 803
Other 1,223 946
Cash provided (used) by changes in assets and liabilities:    
Accounts receivable 15,418 (11,707)
Inventories 1,251 (10,817)
Prepaid insurance 5,158 3,687
Supplies, prepaid items and other (4,455) (6,253)
Accounts payable (4,861) 10,003
Accrued interest 10,905 13,618
Other assets and other liabilities (5,059) (1,574)
Net cash provided by operating activities 59,247 85,492
Cash flows from investing activities    
Expenditures for property, plant and equipment (18,437) (8,254)
Proceeds from short-term investments 88,707  
Purchases of short-term investments (133,660) (89,311)
Other investing activities 11 51
Net cash used by investing activities (63,379) (97,514)
Cash flows from financing activities    
Net proceeds from 6.25% senior secured notes   200,000
Payments on other long-term debt (2,180) (6,912)
Payments on short-term financing (5,967) (2,805)
Payments of debt-related costs, including extinguishment costs   (4,102)
Other financing activities (2,541) (2,004)
Net cash provided (used) by financing activities (10,688) 184,177
Net increase (decrease) in cash and cash equivalents (14,820) 172,155
Cash and cash equivalents at beginning of period 63,769 82,144
Cash and cash equivalents at end of period $ 48,949 $ 254,299