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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:    
Net earnings from continuing operations $ 16,047 $ 58,163
Net earnings from discontinued operations 0 0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 194,690 178,735
Pension and post-retirement 5,141 9,490
Deferred income taxes 5,535 14,919
Amortization of stock-based compensation 4,536 3,966
Loss from non-consolidated affiliates 1,333 2,513
Net gain on financial instruments (5,301) (78)
Changes in assets and liabilities:    
Accounts receivable 10,546 82,597
Inventory and prepaid supplies (11,862) 1,052
Accounts payable 15,962 55,834
Unearned revenue 7,337 18,323
Accrued expenses, salaries, wages, benefits and other liabilities 26,113 (15,166)
Pension and post-retirement balances (4,318) (4,363)
Other (2,238) 2,591
NET CASH PROVIDED BY OPERATING ACTIVITIES 263,521 408,576
INVESTING ACTIVITIES:    
Expenditures for property and equipment (172,818) (412,925)
Proceeds from property and equipment 26,114 10,445
Acquisitions and investments in businesses (9,800) (800)
NET CASH (USED IN) INVESTING ACTIVITIES (156,504) (403,280)
FINANCING ACTIVITIES:    
Principal payments on long term obligations (471,323) (90,317)
Proceeds from revolving credit facilities 340,000 140,000
Payments for financing costs 0 (511)
Purchase of common stock 0 (36,874)
Withholding taxes paid for conversion of employee stock awards (535) (1,578)
Other financing related proceeds 0 0
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (131,858) 10,720
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (24,841) 16,016
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 53,555 27,134
CASH AND CASH EQUIVALENTS AT END OF PERIOD 28,714 43,150
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of amount capitalized 42,226 20,238
Federal and state income taxes paid 5,558 6,513
Restricted balance of cash 12,957 6,896
SUPPLEMENTAL NON-CASH INFORMATION:    
Accrued expenditures for property and equipment $ 52,884 $ 77,412