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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities    
Net income $ 16,142 $ 44,809
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,542 22,915
Deferred compensation 1,502 (7,501)
Realized and unrealized (gains) losses on long-term investments (1,516) 2,487
Stock-based compensation 999 2,957
Deferred income taxes (660) (2,545)
Other non-cash items 36 1,031
Changes in assets and liabilities:    
Receivables, net (40,420) (80,344)
Inventories 38,265 481
Other current assets (9,222) (3,915)
Accounts payable and accrued liabilities (98,523) (1,183)
Pension liabilities (531) (599)
Environmental and legal liabilities (3,464) 56
Deferred revenues (208) 421
Net Cash Used In By Operating Activities (72,058) (20,930)
Cash Flows From Investing Activities    
Expenditures for property, plant and equipment (92,158) (60,288)
Other, net 1,817 3,156
Net Cash Used In Investing Activities (90,341) (57,132)
Cash Flows From Financing Activities    
Revolving debt and bank overdrafts, net (Note 14) 123,847 98,636
Other debt borrowings (Note 14)   75,000
Dividends paid (8,160) (7,513)
Company stock repurchased   (9,935)
Stock option exercises 1,514 114
Other, net (3,665) (1,469)
Net Cash Provided By Financing Activities 113,536 154,833
Effect of Exchange Rate Changes on Cash 2,069 84
Net Increase (Decrease) in Cash and Cash Equivalents (46,794) 76,855
Cash and Cash Equivalents at Beginning of Period 173,750 159,186
Cash and Cash Equivalents at End of Period 126,956 236,041
Supplemental Cash Flow Information    
Cash payments of income taxes, net of refunds/payments 15,518 8,312
Cash payments of interest $ 6,007 $ 2,500