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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income $ 5,331 $ 12,665
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 34,340 30,949
Other 17,303 4,795
Changes in operating assets and liabilities:    
Accounts receivable (53,268) 57,725
Inventories 38,531 169,083
Commodity derivatives 1,076 (28,498)
Other current and non-current assets (8,558) 1,923
Payables and other current and non-current liabilities (384,775) (488,269)
Net cash used in operating activities (350,020) (239,627)
Investing Activities    
Purchases of property, plant and equipment and capitalized software (46,548) (26,775)
Other 2,717 4,723
Net cash used in investing activities (43,831) (22,052)
Financing Activities    
Net proceeds (payments) under short-term lines of credit 56,044 (31,913)
Proceeds from issuance of long-term debt 14,700 0
Payments of long-term debt (8,416) (6,870)
Distributions to noncontrolling interest owner 0 (44,910)
Dividends paid (6,693) (6,516)
Value of shares withheld for taxes (3,837) (8,071)
Other (1,353) 0
Net cash provided by (used in) financing activities 50,445 (98,280)
Effect of exchange rates on cash and cash equivalents 854 7
Decrease in cash and cash equivalents (342,552) (359,952)
Cash and cash equivalents at beginning of period 561,771 643,854
Cash and cash equivalents at end of period $ 219,219 $ 283,902