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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 15,178 $ 40,996
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 2,321 7,736
Gain on extinguishment of debt (3,013) (8,644)
Depreciation and amortization of property, plant and equipment 35,861 34,416
Amortization of short term investments 5,630 (670)
Amortization of intangible and other assets 71 291
Stock-based compensation 3,492 2,646
Other 4,597 3,502
Cash provided (used) by changes in assets and liabilities:    
Accounts receivable (1,531) 24,937
Inventories 6,098 8,171
Prepaid insurance 8,693 10,346
Supplies, prepaid items and other (1,481) 2,192
Accounts payable (5,587) (14,789)
Accrued interest (3,749) (4,054)
Other assets and other liabilities (1,091) (4,127)
Net cash provided by operating activities 65,489 102,949
Cash flows from investing activities    
Expenditures for property, plant and equipment (33,047) (32,263)
Proceeds from short-term investments 236,493 264,212
Purchases of short-term investments (34,689) (201,751)
Other investing activities 29 10
Net cash provided by investing activities 168,786 30,208
Cash flows from financing activities    
Repurchases of 6.25% Senior Secured Notes (92,216) (114,320)
Payments on other long-term debt (2,925) (6,800)
Payments on short-term financing (8,847) (11,016)
Acquisition of treasury stock, net (14,208) (19,718)
Payments of debt-related costs (777)  
Net cash used by financing activities (118,973) (151,854)
Net increase (decrease) in cash and cash equivalents 115,302 (18,697)
Cash, cash equivalents and restricted cash at beginning of period 101,032 63,769
Cash, cash equivalents and restricted cash at end of period $ 216,334 $ 45,072