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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 203,112 $ 188,167
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 195,569 174,455
Allowance for doubtful accounts 4,349 1,209
Amortization of deferred financing costs and debt discount 2,937 2,718
Accretion of environmental liabilities 6,521 6,893
Changes in environmental liability estimates 3,963 387
Deferred income taxes (88) (356)
Other expense, net 1,308 1,167
Stock-based compensation 14,853 10,518
Loss on early extinguishment of debt 0 2,362
Environmental expenditures (9,934) (16,323)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable and unbilled accounts receivable (116,307) (5,659)
Inventories and supplies (28,673) (1,111)
Other current and long-term assets (28,870) (22,749)
Accounts payable (12,418) (78,139)
Other current and long-term liabilities (1,728) (27,966)
Net cash from operating activities 234,594 235,573
Cash flows used in investing activities:    
Additions to property, plant and equipment (273,023) (204,298)
Proceeds from sale and disposal of fixed assets 4,295 2,944
Acquisitions, net of cash acquired (477,201) (120,636)
Proceeds from sale of business 750 0
Additions to intangible assets including costs to obtain or renew permits (1,868) (1,114)
Purchases of available-for-sale securities (55,318) (74,451)
Proceeds from sale of available-for-sale securities 71,695 50,290
Net cash used in investing activities (730,670) (347,265)
Cash flows from (used in) financing activities:    
Change in uncashed checks (1,868) 2,392
Tax payments related to withholdings on vested restricted stock (4,599) (4,335)
Repurchases of common stock (10,215) (8,001)
Deferred financing costs paid (8,148) (6,346)
Payments on finance leases (11,491) (7,588)
Principal payments on debt (7,551) (618,975)
Proceeds from issuance of debt, net of discount 499,375 500,000
Borrowing from revolving credit facility 0 114,000
Payment on revolving credit facility 0 (114,000)
Net cash from (used in) financing activities 455,503 (142,853)
Effect of exchange rate change on cash (2,133) 718
Decrease in cash and cash equivalents (42,706) (253,827)
Cash and cash equivalents, beginning of period 444,698 492,603
Cash and cash equivalents, end of period 401,992 238,776
Cash payments for interest and income taxes:    
Interest paid 74,079 49,257
Income taxes paid, net of refunds 70,307 92,494
Non-cash investing activities:    
Property, plant and equipment accrued 28,315 26,427
ROU assets obtained in exchange for operating lease liabilities 49,420 38,474
ROU assets obtained in exchange for finance lease liabilities $ 45,174 $ 13,992