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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities    
Net income $ 28,826 $ 96,935
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52,011 46,252
Deferred compensation 2,245 (10,907)
Realized and unrealized (gains) losses on long-term investments (3,079) 6,972
Stock-based compensation 2,158 6,955
Deferred income taxes (3,196) 2,241
Goodwill impairment (Note 16)   978
Other non-cash items 681 1,142
Changes in assets and liabilities:    
Receivables, net 22,760 (111,051)
Inventories 70,069 (38,564)
Other current assets (9,543) (4,838)
Accounts payable and accrued liabilities (116,527) 43,326
Pension liabilities (998) (1,113)
Environmental and legal liabilities (8,612) (379)
Deferred revenues (993) 203
Net Cash Provided By Operating Activities 35,802 38,152
Cash Flows From Investing Activities    
Expenditures for property, plant and equipment (159,900) (129,463)
Other, net 1,669 3,156
Net Cash Used In Investing Activities (158,231) (126,307)
Cash Flows From Financing Activities    
Revolving debt and bank overdrafts, net (Note 14) 109,448 101,771
Other debt borrowings (Note 14)   75,000
Other debt repayments (14,286) (14,286)
Dividends paid (16,317) (14,985)
Company stock repurchased   (16,976)
Stock option exercises 1,916 185
Other, net (2,805) (2,612)
Net Cash Provided By Financing Activities 77,956 128,097
Effect of Exchange Rate Changes on Cash 4,652 (4,543)
Net Increase (Decrease) in Cash and Cash Equivalents (39,821) 35,399
Cash and Cash Equivalents at Beginning of Period 173,750 159,186
Cash and Cash Equivalents at End of Period 133,929 194,585
Supplemental Cash Flow Information    
Cash payments of income taxes, net of refunds/payments 19,777 19,353
Cash payments of interest $ 13,492 $ 7,184