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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 402,299 $ 377,856 $ 411,744
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 400,922 365,761 347,594
Allowance for doubtful accounts 8,129 5,956 7,783
Amortization of deferred financing costs and debt discount 6,321 5,309 6,301
Accretion of environmental liabilities 13,456 13,667 12,943
Changes in environmental liability estimates 4,139 4,828 8,272
Deferred income taxes 18,437 12,685 17,549
Other expense (income), net 1,454 (2,315) (2,472)
Stock-based compensation 27,981 20,703 26,844
Loss on early extinguishment of debt 371 2,880 422
Gain on sale of business 0 0 (8,864)
Environmental expenditures (27,522) (28,960) (13,946)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable and unbilled accounts receivable (28,822) 2,453 (201,087)
Inventories and supplies (49,588) (4,312) (74,547)
Other current and non-current assets (57,220) (22,645) (17,303)
Accounts payable 12,327 (27,425) 74,460
Other current and long-term liabilities 45,087 8,111 30,521
Net cash from operating activities 777,771 734,552 626,214
Cash flows used in investing activities:      
Additions to property, plant and equipment (432,241) (422,300) (345,056)
Proceeds from sale and disposal of fixed assets 9,099 9,650 8,779
Acquisitions, net of cash acquired (478,011) (119,596) (86,278)
Proceeds from sale of business, net of transaction costs 750 750 16,811
Additions to intangible assets including costs to obtain or renew permits (9,607) (2,649) (1,966)
Purchases of available-for-sale securities (117,861) (158,264) (49,845)
Proceeds from sale of available-for-sale securities 124,197 117,359 68,611
Net cash used in investing activities (903,674) (575,050) (388,944)
Cash flows from (used in) financing activities:      
Change in uncashed checks (1,473) 2,759 552
Tax payments related to withholdings on vested restricted stock (13,759) (13,838) (8,801)
Repurchases of common stock (55,178) (51,164) (50,183)
Deferred financing costs paid (8,954) (6,736) (410)
Payments on finance leases (30,886) (15,937) (12,821)
Proceeds from employee stock purchase plan 3,009 0 0
Principal payments on debt (15,102) (623,975) (115,652)
Proceeds from issuance of debt, net of discount 499,375 500,000 0
Borrowing from revolving credit facility 0 114,000 0
Payment on revolving credit facility 0 (114,000) 0
Net cash from (used in) financing activities 377,032 (208,891) (187,315)
Effect of exchange rate change on cash (8,635) 1,484 (9,927)
Increase (decrease) in cash and cash equivalents 242,494 (47,905) 40,028
Cash and cash equivalents, beginning of year 444,698 492,603 452,575
Cash and cash equivalents, end of year 687,192 444,698 492,603
Cash payments for interest and income taxes:      
Interest paid 153,059 114,560 105,643
Income taxes paid, net of refunds 130,606 132,314 78,526
Non-cash investing activities:      
Property, plant and equipment accrued 43,750 52,376 30,950
Remedial liability assumed in acquisition of property, plant and equipment $ 0 $ 0 $ 8,092