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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 51,706 $ 99,678
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and impairment 274,956 128,180
Deferred income tax expense 19,507 18,303
Stock-based compensation 12,051 (758)
Net (gain) loss on asset disposals (2,668) 538
Credit loss expense 5,231 0
Other 613 (648)
Changes in operating assets and liabilities:    
Accounts receivable 95,119 72,482
Inventory (10,585) (9,634)
Other current assets 14,334 4,342
Other assets 8,390 1,990
Accounts payable 35,401 24,329
Accrued liabilities (125,191) (99,434)
Other liabilities (12,973) (5,019)
Net cash provided by operating activities 365,891 234,349
Cash flows from investing activities:    
Purchases of property and equipment (226,941) (117,601)
Proceeds from disposal of assets 2,389 1,263
Other (2,933) (7)
Net cash used in investing activities (227,485) (116,345)
Cash flows from financing activities:    
Purchases of treasury stock (97,782) (73,586)
Dividends paid (32,553) (16,916)
Payments of finance leases (27,229) 0
Other (4,025) (7,837)
Net cash used in financing activities (161,589) (98,339)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 750 0
Net (decrease) increase in cash, cash equivalents and restricted cash (22,433) 19,665
Cash, cash equivalents and restricted cash at beginning of period 192,680 137,553
Cash, cash equivalents and restricted cash at end of period 170,247 157,218
Net cash received (paid) during the period for:    
Interest, net of capitalized interest of $216 in 2024 and $351 in 2023 (10,037) (8,871)
Income taxes (383) (335)
Non-cash investing and financing activities:    
Net (decrease) increase in payables for purchases of property and equipment (24,869) 10,057
Net increase in deposits on equipment purchases (13,552) (6,072)
Purchases of property and equipment through exchange of lease right of use asset 26,133 0
Derecognition of right of use asset $ (31,179) $ 0