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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 69,832 $ 72,401
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 95,065 84,758
Allowance for doubtful accounts 1,728 1,398
Amortization of deferred financing costs and debt discount 1,329 1,354
Accretion of environmental liabilities 3,217 3,407
Changes in environmental liability estimates 917 683
Deferred income taxes (88) (363)
Other expense (income), net 1,141 (116)
Stock-based compensation 6,338 6,018
Loss on early extinguishment of debt 0 2,362
Environmental expenditures (4,729) (8,348)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable and unbilled accounts receivable (44,383) (5,030)
Inventories and supplies (13,572) 2,758
Other current and non-current assets (25,918) (17,328)
Accounts payable (17,358) (21,801)
Other current and long-term liabilities (54,970) (94,145)
Net cash from operating activities 18,549 28,008
Cash flows used in investing activities:    
Additions to property, plant and equipment (137,913) (81,686)
Proceeds from sale and disposal of fixed assets 1,008 1,855
Acquisitions, net of cash acquired (475,306) (108,533)
Proceeds from sale of business, net of transaction costs 750 0
Additions to intangible assets including costs to obtain or renew permits (534) (333)
Purchases of available-for-sale securities (31,228) (39,037)
Proceeds from sale of available-for-sale securities 33,350 29,800
Net cash used in investing activities (609,873) (197,934)
Cash flows from (used in) financing activities:    
Change in uncashed checks 7,778 164
Tax payments related to withholdings on vested restricted stock (3,052) (3,351)
Repurchases of common stock (5,000) (3,000)
Deferred financing costs paid (4,641) (6,094)
Payments on finance leases (4,665) (3,689)
Principal payments on debt (3,776) (616,475)
Proceeds from issuance of debt, net of discount 499,375 500,000
Borrowing from revolving credit facility 0 114,000
Net cash from (used in) financing activities 486,019 (18,445)
Effect of exchange rate change on cash (1,568) 75
Decrease in cash and cash equivalents (106,873) (188,296)
Cash and cash equivalents, beginning of period 444,698 492,603
Cash and cash equivalents, end of period 337,825 304,307
Cash payments for interest and income taxes:    
Interest paid 51,243 34,878
Income taxes paid, net of refunds 8,020 37,141
Non-cash investing activities:    
Property, plant and equipment accrued 28,266 27,533
ROU assets obtained in exchange for operating lease liabilities 23,101 10,203
ROU assets obtained in exchange for finance lease liabilities $ 14,519 $ 5,153