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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 43,822 $ 26,390
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 64,033 61,759
Deferred taxes 4,428 4,989
Compensation expense related to share-based compensation plans 9,289 8,209
(Gain) loss on sale of assets (4,033) 96
Other operating activities 0 5,626
Changes in operating assets and liabilities:    
Restricted investments 48 1,640
Accounts receivable, net (20,088) (2,392)
Prepaid taxes (395) (83)
Prepaid expenses and other current assets 12,231 10,350
Other assets (316) (637)
Accounts payable 71,314 4,989
Accrued expenses (1,652) (9,440)
Non-current liabilities (4,762) 21
Net cash provided by operating activities 173,919 111,517
Cash flows from investing activities:    
Proceeds from sale of equipment 19,912 521
Purchases of property and equipment (26,337) (49,271)
Cash used in acquisition (90) 0
Net cash used in investing activities (6,515) (48,750)
Cash flows from financing activities:    
Proceeds from issuance of debt 17,464 127,462
Repayments of long-term debt (57,854) (150,282)
Stock withheld for payments of withholding taxes (3,973) (3,944)
Finance lease payments (1,524) (1,493)
Net cash used in financing activities (45,887) (28,257)
Effect of exchange rate changes on cash and cash equivalents (2) (66)
Net increase in cash and cash equivalents 121,515 34,444
Cash and cash equivalents beginning of the period 124,506 168,729
Cash and cash equivalents end of the period 246,021 203,173
Supplemental disclosures of cash paid for:    
Interest 3,883 5,323
Income taxes $ 11,375 $ 822