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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 318,325 $ 279,507
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 295,632 267,425
Allowance for doubtful accounts 5,674 2,620
Amortization of deferred financing costs and debt discount 4,623 4,036
Accretion of environmental liabilities 10,139 10,281
Changes in environmental liability estimates 4,347 3,258
Deferred income taxes (418) (356)
Other expense, net 2,431 833
Stock-based compensation 20,690 14,809
Loss on early extinguishment of debt 0 2,362
Environmental expenditures (19,679) (24,064)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable and unbilled accounts receivable (145,647) (46,445)
Inventories and supplies (39,673) 12,691
Other current and long-term assets (47,826) (18,190)
Accounts payable 30,004 (40,013)
Other current and long-term liabilities 35,211 (13,062)
Net cash from operating activities 473,833 455,692
Cash flows used in investing activities:    
Additions to property, plant and equipment (369,826) (311,906)
Proceeds from sale and disposal of fixed assets 6,353 5,129
Acquisitions, net of cash acquired (474,011) (119,596)
Proceeds from sale of business 750 750
Additions to intangible assets including costs to obtain or renew permits (2,545) (1,507)
Purchases of available-for-sale securities (73,682) (104,329)
Proceeds from sale of available-for-sale securities 100,021 84,390
Net cash used in investing activities (812,940) (447,069)
Cash flows from (used in) financing activities:    
Change in uncashed checks (5,852) 3,004
Tax payments related to withholdings on vested restricted stock (11,514) (10,886)
Repurchases of common stock (30,215) (18,000)
Deferred financing costs paid (8,316) (6,371)
Payments on finance leases (23,596) (11,594)
Principal payments on debt (11,327) (621,475)
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 408,555 (165,322)
Effect of exchange rate change on cash (1,775) 61
Increase (decrease) in cash and cash equivalents 67,673 (156,638)
Cash and cash equivalents, beginning of period 444,698 492,603
Cash and cash equivalents, end of period 512,371 335,965
Cash payments for interest and income taxes:    
Interest paid 134,177 100,813
Income taxes paid, net of refunds 100,752 107,328
Non-cash investing activities:    
Property, plant and equipment accrued 43,604 29,127
ROU assets obtained in exchange for operating lease liabilities 98,927 61,741
ROU assets obtained in exchange for finance lease liabilities $ 53,391 $ 26,317