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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 63,327 $ 184,292
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and impairment 542,594 254,994
Deferred income tax expense 36,252 29,080
Stock-based compensation 22,864 5,980
Net gain on asset disposals (6,689) (1,374)
Credit loss expense 4,958 0
Other 1,129 (216)
Changes in operating assets and liabilities:    
Accounts receivable 101,645 74,471
Inventory (9,779) (12,302)
Other current assets (22,164) (24,284)
Other assets 15,999 3,525
Accounts payable (45,696) (4,214)
Accrued liabilities (121,347) (106,546)
Other liabilities (19,680) (6,200)
Net cash provided by operating activities 563,413 397,206
Cash flows from investing activities:    
Purchases of property and equipment (357,449) (249,995)
Proceeds from disposal of assets 9,321 7,792
Other (1,376) (9)
Net cash used in investing activities (349,504) (242,212)
Cash flows from financing activities:    
Purchases of treasury stock (230,202) (100,915)
Dividends paid (64,368) (33,507)
Payments of finance leases (31,905) 0
Other (6,063) (7,837)
Net cash used in financing activities (332,538) (142,259)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 985 0
Net (decrease) increase in cash, cash equivalents and restricted cash (117,644) 12,735
Cash, cash equivalents and restricted cash at beginning of period 192,680 137,553
Cash, cash equivalents and restricted cash at end of period 75,036 150,288
Net cash paid during the period for:    
Interest, net of capitalized interest of $527 in 2024 and $836 in 2023 (34,341) (17,512)
Income taxes (12,741) (17,666)
Non-cash investing and financing activities:    
Net (decrease) increase in payables for purchases of property and equipment (12,161) 12,720
Net increase in deposits on equipment purchases (8,762) (1,171)
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