Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2022

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

Supplemental Cash Flow Information:

Supplemental information related to the consolidated statements of cash flows is as follows (in thousands):

	Year Ended December 31,
	2022		2021		2020
Cash paid during the year for:
Income taxes (net of refunds of $11,564, $32,677 and $25,991 in 2022, 2021 and 2020, respectively)(a)	$	248,143	$	130,840	$	52,103
Interest (net of capitalization)	$	92,095	$	27,734	$	66,379
Supplemental non-cash disclosures related to investing activities:
Capital expenditures included in Accounts payable	$	296,294	$	165,677	$	139,120
Promissory note issued for capital expenditures(b)	$	10,876	$	—	$	—
Non-cash proceeds from divestitures(c)	$	—	$	244,530	$	—

(a)    Cash paid for income tax during the year ended December 31, 2021 includes a $45.0 million payment in the U.S. primarily resulting from the proceeds on the sale of the FCS business.

(b)    During the first quarter of 2022, the Company issued a promissory note with a present value of $10.9 million for land purchased in Kings Mountain, North Carolina. The promissory note is payable in equal annual installments from the years 2027 to 2048.

(c)    Fair value of preferred equity of a Grace subsidiary received as part of proceeds for the sale of our FCS business. See Note 3, “Divestitures,” for further details.

As part of the purchase price paid for the acquisition of a 60% interest in MRL’s Wodgina Project, the Company transferred $122.7 million, $135.9 million and $179.4 million of its construction in progress of the designated Kemerton assets during the years ended December 31, 2022, 2021 and 2020, respectively, representing MRL’s 40% interest in the assets. Since the acquisition, the Company has transferred the full $480 million of construction in progress to MRL, as defined in the purchase agreement. During the years ended December 31, 2022 and 2021, the Company recorded expenses of $8.4 million and $132.4 million, respectively, related to anticipated cost overruns of the designated Kemerton assets. See Note 2, “Acquisitions,” for further details. The cash outflow for these assets was recorded in Capital expenditures within Cash flows from investing activities on the condensed consolidated statements of cash flows. The non-cash transfer of these assets is recorded in Non-cash transfer of 40% value of construction in progress of the Kemerton plant to MRL within Cash flows from operating activities on the consolidated statements of cash flows.

Other, net within Cash flows from operating activities on the consolidated statements of cash flows for the years ended December 31, 2022, 2021 and 2020 included $41.8 million, $28.7 million and $30.4 million, respectively, representing the reclassification of the current portion of the one-time transition tax resulting from the enactment of the Tax Cuts and Jobs Act (“TCJA”) in 2017, from Other noncurrent liabilities to Income taxes payable within current liabilities. For additional information, see Note 21, “Income Taxes.” In addition, included in Other, net for the years ended December 31, 2022, 2021 and

2020 is $21.8 million, ($0.1) million and $28.8 million, respectively, related to (gains) losses on fluctuations in foreign currency exchange rates.