XML 25 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Income (loss) before income taxes from continuing operations $ 170,700 $ 132,529 $ 154,954
Income from discontinued operations, net of income taxes 0 0 12,025
Net income 170,700 132,529 166,979
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 127,804 125,106 134,742
Bad debt expense, net 17,637 11,519 6,001
Stock-based compensation expense 13,629 12,857 11,192
Deferred federal income tax (2,911) (1,596) (20,009)
Asset impairment 0 87,156 11,818
Gain on sale of business from discontinued operations 0 0 (27,091)
Damaged inventory 0 0 17,328
Other (3,595) (16,341) 14,073
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed:      
Accounts and notes receivable 35,777 468,968 (391,403)
Inventories 87,906 572,235 56,859
Commodity derivatives 15,005 111,506 65,399
Other current and non-current assets (28,050) 6,529 10,936
Payables and other current and non-current liabilities (102,396) (563,718) 230,293
Net cash provided by operating activities 331,506 946,750 287,117
Investing Activities      
Acquisition of businesses, net of cash acquired (29,172) (24,698) (20,245)
Purchases of property, plant and equipment and capitalized software (149,187) (150,443) (108,284)
Property insurance proceeds 12,137 7,499 3,999
Proceeds from sale of business 0 10,318 5,171
Proceeds from sale of Rail assets 0 2,871 36,706
Proceeds from sale of business from discontinued operations 0 0 56,302
Purchases of Rail assets 0 0 (31,458)
Other 3,148 574 4,907
Net cash used in investing activities (163,074) (153,879) (52,902)
Financing Activities      
Net (payments) receipts under short-term lines of credit (91,951) (233,696) (21,273)
Payments of long-term debt (83,589) (49,620) (30,045)
Distributions to noncontrolling interest owner (102,295) (46,418) (44,910)
Dividends paid (26,273) (25,373) (24,609)
Value of shares withheld for taxes 8,105 6,630 3,381
Common stock repurchased (2,295) (1,747) (12,721)
Proceeds from issuance of long-term debt 67,000 100,000 0
Payments of debt issuance costs (2,851) 0 0
Proceeds from issuance of short-term debt 0 0 350,000
Payments of short-term debt 0 0 (550,000)
Other 0 (509) 2,209
Net cash used in financing activities (250,359) (263,993) (334,730)
Effect of exchange rates on cash and cash equivalents (156) (293) (660)
Increase (decrease) in Cash and cash equivalents (82,083) 528,585 (101,175)
Cash and cash equivalents at beginning of year 643,854 115,269 216,444
Cash and cash equivalents at end of year $ 561,771 $ 643,854 $ 115,269