XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 22,138 $ 65,135
Adjustments to reconcile net income to cash (used in) provided by operating activities:    
Depreciation and amortization 67,411 61,218
Other 10,311 10,821
Changes in operating assets and liabilities:    
Accounts receivable (23,396) 15,284
Inventories 521,356 477,723
Commodity derivatives 19,857 36,010
Other current and non-current assets (31,730) (50,587)
Payables and other current and non-current liabilities (636,646) (550,797)
Net cash (used in) provided by operating activities (50,699) 64,807
Investing Activities    
Purchases of property, plant and equipment and capitalized software (95,376) (55,389)
Insurance proceeds 13,989 0
Other 5,680 (2,749)
Net cash used in investing activities (75,707) (58,138)
Financing Activities    
Net payments under short-term lines of credit (64,875) (37,705)
Proceeds from issuance of long-term debt 14,700 0
Payments of long-term debt (16,645) (13,752)
Distributions to noncontrolling interest owner (1,547) (47,405)
Dividends paid (13,367) (12,993)
Value of shares withheld for taxes (3,931) (8,071)
Other (1,343) 0
Net cash used in financing activities (87,008) (119,926)
Effect of exchange rates on cash and cash equivalents 2,613 (211)
Decrease in cash and cash equivalents (210,801) (113,468)
Cash and cash equivalents at beginning of period 561,771 643,854
Cash and cash equivalents at end of period $ 350,970 $ 530,386