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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 279,507 $ 329,270
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 267,425 260,560
Allowance for doubtful accounts 2,620 6,684
Amortization of deferred financing costs and debt discount 4,036 4,734
Accretion of environmental liabilities 10,281 9,599
Changes in environmental liability estimates 3,258 2,105
Deferred income taxes (356) 2,226
Other expense (income), net 833 (2,073)
Stock-based compensation 14,809 20,375
Loss on early extinguishment of debt 2,362 0
Gain on sale of business 0 (8,864)
Environmental expenditures (24,064) (9,720)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable and unbilled accounts receivable (46,445) (293,562)
Inventories and supplies 12,691 (44,324)
Other current and non-current assets (18,190) (12,600)
Accounts payable (40,013) 52,979
Other current and long-term liabilities (13,062) 40,153
Net cash from operating activities 455,692 357,542
Cash flows used in investing activities:    
Additions to property, plant and equipment (311,906) (244,547)
Proceeds from sale and disposal of fixed assets 5,129 5,118
Acquisitions, net of cash acquired (119,596) (73,568)
Proceeds from sale of business, net of transaction costs 750 16,811
Additions to intangible assets including costs to obtain or renew permits (1,507) (1,094)
Purchases of available-for-sale securities (104,329) (36,418)
Proceeds from sale of available-for-sale securities 84,390 51,736
Net cash used in investing activities (447,069) (281,962)
Cash flows used in financing activities:    
Change in uncashed checks 3,004 887
Tax payments related to withholdings on vested restricted stock (10,886) (6,214)
Repurchases of common stock (18,000) (44,182)
Deferred financing costs paid (6,371) (410)
Payments on finance leases (11,594) (9,538)
Principal payments on debt (621,475) (13,152)
Proceeds from issuance of debt 500,000 0
Borrowing from revolving credit facility 114,000 0
Payment on revolving credit facility (114,000) 0
Net cash used in financing activities (165,322) (72,609)
Effect of exchange rate change on cash 61 (6,523)
Decrease in cash and cash equivalents (156,638) (3,552)
Cash and cash equivalents, beginning of period 492,603 452,575
Cash and cash equivalents, end of period 335,965 449,023
Cash payments for interest and income taxes:    
Interest paid 100,813 86,407
Income taxes paid, net of refunds 107,328 53,183
Non-cash investing activities:    
Property, plant and equipment accrued 29,127 23,726
Remedial liability assumed in acquisition of property, plant and equipment 0 8,092
ROU assets obtained in exchange for operating lease liabilities 61,741 39,899
ROU assets obtained in exchange for finance lease liabilities $ 26,317 $ 11,263