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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Purchase of common stock $ 0 $ (3,581)
Withholding taxes paid for conversion of employee stock awards 1,521 1,329
OPERATING ACTIVITIES:    
Net earnings from continuing operations 101,087 73,079
Net earnings from discontinued operations 305 536
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 210,641 143,471
Pension and post-retirement 11,775 2,826
Deferred income taxes 14,036 15,972
Amortization of stock-based compensation 5,281 3,568
Net (gain) loss on financial instruments 12,100 (3,700)
Changes in assets and liabilities:    
Accounts receivable 13,842 18,159
Inventory and prepaid supplies 14 477
Accounts payable (2,410) 1,097
Unearned revenue 2,830 (1,412)
Accrued expenses, salaries, wages, benefits and other liabilities 5,129 (4,618)
Pension and post-retirement assets (10,419) (32,000)
Other 3,135 765
NET CASH PROVIDED BY OPERATING ACTIVITIES 307,138 200,813
Loss from non-consolidated affiliates 12,458 7,600
INVESTING ACTIVITIES:    
Expenditures for property and equipment (336,944) (214,025)
Proceeds from property and equipment 11,087 17,473
Investment in nonconsolidated affiliate (21,762) (8,285)
NET CASH (USED IN) INVESTING ACTIVITIES (347,619) (204,837)
FINANCING ACTIVITIES:    
Principal payments on long term obligations (38,906) (39,889)
Other financing payments (500) 0
Proceeds from borrowings 70,000 60,000
Payments for financing costs (1,081) 414
NET CASH PROVIDED BY FINANCING ACTIVITIES 27,992 14,787
INCREASE (DECREASE) (12,489) 10,763
BEGINNING OF YEAR 59,322 32,699
END OF PERIOD 46,833 43,462
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of amount capitalized 45,399 9,087
Income taxes paid 533 1,212
SUPPLEMENTAL NON-CASH INFORMATION:    
Accrued expenditures for property and equipment 35,528 23,775
Net (gain) loss on financial instruments $ 60,566 $ 28,707