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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net Income (loss) $ 154,658 $ (654,545) $ (803,692)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation, depletion, amortization and impairment 483,945 849,178 670,910
Impairment of goodwill 0 0 395,060
Dry holes and abandonments 119 178 1,285
Deferred income tax expense (benefit) 6,998 (62,980) (125,283)
Stock-based compensation expense 21,099 21,558 26,572
Net gain on asset disposals (12,075) (1,426) (3,079)
Net gain on insurance reimbursement 0 0 (4,172)
Write-down of capacity reservation contract 0 0 9,207
Credit loss expense 0 (1,500) 5,606
Restructuring expenses, non-cash 0 25,067
Gain on early debt extinguishment (2,461) 0 (3,596)
Amortization of debt discount and issuance costs 835 839 912
Changes in operating assets and liabilities:      
Accounts receivable (209,226) (147,356) 173,862
Income taxes receivable/payable 4,171 4,516 1,635
Inventory and other assets (14,154) (5,850) 27,192
Accounts payable 38,986 50,941 (46,576)
Accrued liabilities 65,091 50,271 (61,266)
Other liabilities 28,202 (7,812) (10,786)
Net cash used in operating activities of discontinued operations 0 (516) 0
Net cash provided by operating activities 566,188 95,496 278,858
Cash flows from investing activities:      
Acquisitions, net of cash acquired 0 (29,358) 0
Purchases of property and equipment (436,797) (166,320) (145,481)
Proceeds from disposal of assets and insurance claims 26,074 23,339 20,929
Other (2,504) (522) (424)
Net cash provided by investing activities of discontinued operations 0 41,267 0
Net cash used in investing activities (413,227) (131,594) (124,976)
Cash flows from financing activities:      
Purchases of treasury stock (70,070) (6,328) (21,179)
Dividends paid (43,096) (15,605) (18,862)
Proceeds from borrowings under revolving credit facility 150,000 0 0
Repayment of borrowings under revolving credit facility (150,000) 0 0
Repayment of senior notes (19,760) 0 (12,525)
Repayment of term loan 0 (50,000) (50,000)
Debt issuance costs (455) 0 (584)
Net cash used in financing activities (133,381) (71,933) (103,150)
Effect of foreign exchange rate changes on cash 449 640 (2)
Net increase (decrease) in cash and cash equivalents 20,029 (107,391) 50,730
Cash and cash equivalents at beginning of year 117,524 224,915 174,185
Cash and cash equivalents at end of year 137,553 117,524 224,915
Net cash (paid) received during the year for:      
Interest, net of capitalized interest of $260 in 2021, $431 in 2020 and $732 in 2019 (39,855) (40,464) (43,368)
Income taxes (1,526) 4,196 3,709
Non-cash investing and financing activities:      
Net increase (decrease) in payables for purchases of property and equipment 7,953 31,393 (30,241)
Issuance of common stock for business acquisitions 0 248,025 0
Net (increase) decrease in deposits on equipment purchases (12,202) 867 6,350
Cashless exercise of stock options $ 10,368 $ 0 $ 0