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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 277,674 $ 87,160
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 111,413 95,959
Impairment of right-of-use asset 5,361 0
Deferred taxes (1,427) (12,553)
Compensation expense related to share-based compensation plans 14,973 14,090
(Gain) loss on sale of assets (21,097) (8,978)
Changes in operating assets and liabilities:    
Restricted investments 7,368 253
Accounts receivable, net (55,994) (100,102)
Prepaid taxes (1,408) 1,248
Prepaid expenses and other current assets 6,818 (6,059)
Other assets (3,381) (1,670)
Accounts payable (21,169) 81,908
Accrued expenses 41,165 33,424
Non-current liabilities (9,825) (6,622)
Net cash provided by operating activities 350,471 178,058
Cash flows from investing activities:    
Proceeds from sale of equipment 33,994 30,558
Purchases of property and equipment (157,664) (84,076)
Cash used in acquisitions (102,661) (90)
Net cash used in investing activities (226,331) (53,608)
Cash flows from financing activities:    
Proceeds from issuance of debt 127,017 70,695
Repayments of long-term debt (81,905) (82,804)
Purchase of treasury stock (75,000) 0
Purchase of treasury stock from related party (34,767) 0
Stock withheld for payments of withholding taxes (5,778) (4,038)
Finance lease payments (1,582) (2,142)
Net cash used in financing activities (72,015) (18,289)
Effect of exchange rate changes on cash and cash equivalents 12 (11)
Net increase in cash and cash equivalents 52,137 106,150
Cash and cash equivalents beginning of the period 159,784 124,506
Cash and cash equivalents end of the period 211,921 230,656
Supplemental disclosures of cash paid for:    
Interest 5,840 5,621
Income taxes $ 96,165 $ 21,867