XML 12 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities    
Net income $ 23,414 $ 28,826
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 55,614 52,011
Deferred compensation 2,173 2,245
Realized and unrealized gains on long-term investments (2,946) (3,079)
Stock-based compensation 2,930 2,158
Deferred income taxes 6,393 (3,196)
Other non-cash items 977 681
Changes in assets and liabilities:    
Receivables, net (27,345) 22,760
Inventories (9,686) 70,069
Other current assets (5,095) (9,543)
Accounts payable and accrued liabilities 26,602 (116,527)
Pension liabilities (943) (998)
Environmental and legal liabilities 171 (8,612)
Deferred revenues (1,203) (993)
Net Cash Provided By Operating Activities 71,056 35,802
Cash Flows From Investing Activities    
Expenditures for property, plant and equipment (59,867) (159,900)
Other, net 5,831 1,669
Net Cash Used In Investing Activities (54,036) (158,231)
Cash Flows From Financing Activities    
Revolving debt and bank overdrafts, net (Note 14) 27,379 109,448
Other debt repayments (Note 6) (24,286) (14,286)
Dividends paid (16,853) (16,317)
Stock option exercises 966 1,916
Other, net (3,211) (2,805)
Net Cash Provided By (Used In) Financing Activities (16,005) 77,956
Effect of Exchange Rate Changes on Cash (6,130) 4,652
Net Decrease in Cash and Cash Equivalents (5,115) (39,821)
Cash and Cash Equivalents at Beginning of Period 129,823 173,750
Cash and Cash Equivalents at End of Period 124,708 133,929
Supplemental Cash Flow Information    
Cash payments of income taxes, net of refunds 6,022 19,777
Cash payments of interest $ 14,022 $ 13,492