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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Write off of Deferred Debt Issuance Cost $ 2,764 $ 3,816
Withholding taxes paid for conversion of employee stock awards 1,115 1,384
OPERATING ACTIVITIES:    
Net earnings from continuing operations 133,733 22,634
Net earnings from discontinued operations 3,772 31
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 77,001 69,579
Pension and post-retirement 972 3,925
Deferred income taxes 7,947 4,705
Amortization of stock-based compensation 1,821 1,474
Net gain on financial instruments 10,900 3,800
Changes in assets and liabilities:    
Accounts receivable (4,123) 15,754
Inventory and prepaid supplies (4,543) (4,441)
Accounts payable 6,169 2,206
Unearned revenue 3,604 3,080
Accrued expenses, salaries, wages, benefits and other liabilities (17,742) (9,267)
Pension and post-retirement assets (5,483) (2,252)
Other 186 658
NET CASH PROVIDED BY OPERATING ACTIVITIES 99,034 107,402
INVESTING ACTIVITIES:    
Expenditures for property and equipment (143,495) (91,856)
Proceeds from property and equipment 32 0
Investment in nonconsolidated affiliate (3,049) (15,844)
NET CASH USED IN INVESTING ACTIVITIES (146,512) (107,700)
FINANCING ACTIVITIES:    
Principal payments on long term obligations (499,064) (7,969)
Proceeds from borrowings 80,000 0
Proceeds from bond issuance 500,000 0
Proceeds from convertible notes 0 (264)
Payments for financing costs (7,481) 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 72,340 (9,617)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 24,862 (9,915)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 46,201 59,322
CASH AND CASH EQUIVALENTS AT END OF YEAR 71,063 49,407
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of amount capitalized 8,864 16,925
Federal alternative minimum and state income taxes paid 48 0
SUPPLEMENTAL NON-CASH INFORMATION:    
Accrued expenditures for property and equipment 27,914 15,812
Net (gain) loss on financial instruments $ 107,044 $ 4,500