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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 190,349 $ 43,822
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 71,922 64,033
Deferred taxes 3,279 4,428
Compensation expense related to share-based compensation plans 10,237 9,289
Gain on sale of assets (12,509) (4,033)
Changes in operating assets and liabilities:    
Restricted investments 5,200 48
Accounts receivable, net (93,767) (20,088)
Prepaid taxes (2,166) (395)
Prepaid expenses and other current assets 9,664 12,231
Other assets (2,517) (316)
Accounts payable 3,380 71,314
Accrued expenses 23,251 (1,652)
Non-current liabilities (5,588) (4,762)
Net cash provided by operating activities 200,735 173,919
Cash flows from investing activities:    
Proceeds from sale of equipment 18,584 19,912
Purchases of property and equipment (85,942) (26,337)
Cash used in acquisition 0 (90)
Net cash used in investing activities (67,358) (6,515)
Cash flows from financing activities:    
Proceeds from issuance of debt 66,194 17,464
Repayments of long-term debt (54,114) (57,854)
Stock withheld for payments of withholding taxes (5,715) (3,973)
Finance lease payments (1,059) (1,524)
Net cash provided by (used) in financing activities 5,306 (45,887)
Effect of exchange rate changes on cash and cash equivalent 9 (2)
Net increase in cash and cash equivalents 138,692 121,515
Cash and cash equivalents beginning of the period 159,784 124,506
Cash and cash equivalents end of the period 298,476 246,021
Supplemental disclosures of cash paid for:    
Interest 3,710 3,883
Income taxes $ 58,082 $ 11,375