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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 33,570 $ 112,290 $ 245,580
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 290,405 299,509 279,923
Deferred income taxes (50,200) 8,153 42,553
Gain on disposal of property and equipment (15,331) (42,440) (88,564)
Non-cash equity compensation 8,856 11,943 12,486
Insurance and claims accruals, net of current portion (2,777) (5,246) 7,726
Loss (gain) on investments in equity securities, net (7,930) 278 (12,195)
Loss (earnings) from equity method investment (556) 1,046 0
Other (9,298) (7,612) (13,295)
Changes in certain working capital items:      
Accounts receivable, net 53,260 73,921 3,174
Other current assets 16,703 10,266 (18,333)
Accounts payable (10,391) 3,288 (3,665)
Other current liabilities 23,423 8,970 (6,679)
Net cash provided by operating activities 329,734 474,366 448,711
Cash flows from investing activities:      
Additions to property and equipment (413,799) (598,785) (507,252)
Proceeds from sales of property and equipment 178,912 190,087 189,673
Net cash invested in acquisitions 0 (188) (184,118)
Investment in equity securities, net (6,042) (2,931) (20,250)
Payments to acquire equity method investment (3,820) (3,385) 0
Purchase of promissory note 0 (25,000) 0
Decrease in notes receivable 3,301 5,258 7,614
Net cash used in investing activities (241,448) (434,944) (514,333)
Cash flows from financing activities:      
Repayments of short-term debt (92,500) (50,000) (3,750)
Proceeds from issuance of short-term debt 110,000 45,000 0
Repayments of long-term debt (221,250) (90,000) (100,000)
Proceeds from issuance of long-term debt 205,000 50,000 370,000
Dividends on common stock (35,066) (34,208) (32,162)
Repurchases of common stock (67,069) 0 (110,400)
Tax withholding related to net share settlements of restricted stock awards (4,831) (6,359) (4,082)
Distribution to noncontrolling interest 0 0 (1,572)
Other 0 (1,500) 0
Net cash provided by (used in) financing activities (105,716) (87,067) 118,034
Effect of exchange rate fluctuations on cash (3,541) 2,128 632
Net increase (decrease) in cash and cash equivalents (20,971) (45,517) 53,044
Cash and cash equivalents, beginning of period 61,723 107,240 54,196
Cash and cash equivalents, end of period 40,752 61,723 107,240
Supplemental disclosures of cash flow information:      
Interest paid 40,156 27,212 11,186
Income taxes paid 25,831 17,892 40,313
Supplemental schedule of non-cash investing and financing activities:      
Notes receivable issued upon sale of property and equipment 2,577 3,145 5,577
Change in fair value of interest rate swaps (1,386) (4,512) 6,886
Property and equipment acquired included in accounts payable 1,069 14,239 5,937
Property and equipment disposed included in other receivables 0 0 110
Dividends accrued but not yet paid at end of period 8,659 8,882 8,220
Contingent consideration associated with acquisition $ 0 $ (800) $ 13,400