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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 154,254 $ 95,505
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 215,206 221,497
Allowance for doubtful accounts 7,186 10,441
Amortization of deferred financing costs and debt discount 2,718 2,688
Accretion of environmental liabilities 8,625 8,149
Changes in environmental liability estimates 341 9,050
Deferred income taxes 5,202 0
Other expense, net 2,509 597
Stock-based compensation 12,786 12,739
Loss on sale of businesses 0 3,376
Environmental expenditures (12,223) (8,816)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable and unbilled accounts receivable (113,601) 23,969
Inventories and supplies (12,882) (9,554)
Other current and non-current assets (10,785) (19,320)
Accounts payable 86,974 (63,898)
Other current and long-term liabilities 21,916 31,009
Net cash from operating activities 368,226 317,432
Cash flows used in investing activities:    
Additions to property, plant and equipment (146,654) (150,357)
Proceeds from sale and disposal of fixed assets 16,424 7,307
Acquisitions, net of cash acquired (22,819) (8,839)
Proceeds from sale of businesses, net of transactional costs 0 7,712
Additions to intangible assets including costs to obtain or renew permits (2,659) (1,863)
Proceeds from sale of available-for-sale securities 83,226 39,141
Purchases of available-for-sale securities (96,785) (53,397)
Net cash used in investing activities (169,267) (160,296)
Cash flows used in financing activities:    
Change in uncashed checks (4,323) 381
Tax payments related to withholdings on vested restricted stock (7,383) (4,407)
Repurchases of common stock (48,409) (39,542)
Deferred financing costs paid (150) 0
Payments on finance leases (5,845) (2,755)
Principal payments on debt (5,652) (5,652)
Borrowing from revolving credit facility 0 150,000
Payment on revolving credit facility 0 (150,000)
Net cash used in financing activities (71,762) (51,975)
Effect of exchange rate change on cash 365 (1,446)
Increase in cash and cash equivalents 127,562 103,715
Cash and cash equivalents, beginning of period 519,101 371,991
Cash and cash equivalents, end of period 646,663 475,706
Cash payments for interest and income taxes:    
Interest paid 61,807 66,000
Income taxes paid, net of refunds 48,202 14,195
Non-cash investing activities:    
Property, plant and equipment accrued 11,561 11,732
ROU assets obtained in exchange for operating lease liabilities 18,528 19,993
ROU assets obtained in exchange for finance lease liabilities $ 18,704 $ 28,333