Other Financial Information

12 Months Ended

Dec. 31, 2024

Other Financial Information [Abstract]

Other Financial Information

Note M – Other Financial Information

Gain from Foreign Currency Transactions

Net gains (losses) from foreign currency transactions, including the effects of foreign currency contracts, included in the Consolidated Statements of Operations were $45.4 million gain in 2024, $10.8 million loss in 2023 and $23.0 million gain in 2022.

Supplemental Information to Statement of Cash Flows

(Thousands of dollars)	2024		2023		2022
Net (increase) decrease in operating working capital, excluding cash and cash equivalents:
(Increase) decrease in accounts receivable	$	71,081	$	47,151	$	(137,228)
(Increase) decrease in inventories	1,327		329		(1,534)
(Increase) decrease in prepaid expenses	1,192		(1,293)		(3,413)
Increase (decrease) in accounts payable and accrued liabilities ¹	3,287		(140,011)		69,854
Increase (decrease) in income taxes payable	(2,004)		(5,537)		6,593
Net decrease (increase) in non-cash operating working capital	$	74,883	$	(99,361)	$	(65,728)
Supplementary disclosures:
Cash income taxes paid, net of refunds	$	12,648	$	12,356	$	24,853
Interest paid, net of amounts capitalized of $11.4 million in 2024, $14.5 million in 2023 and $16.3 million in 2022	78,806		108,912		149,597
Non-cash investing activities:
Asset retirement costs capitalized	$	47,233	$	32,975	$	(21,147)
(Increase) decrease in capital expenditure accrual	(5,935)		17,517		(31,397)

1  Excludes receivable/payable balances relating to mark-to-market of derivative instruments.