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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net Income (Loss) $ 108,285 $ 190,349
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 91,474 71,922
Impairment of right-of-use asset 2,012 0
Deferred taxes 10,837 3,279
Compensation expense related to share-based compensation plans 10,615 10,237
Gain on sale of assets (4,834) (12,509)
Changes in operating assets and liabilities:    
Restricted investments (2,197) 5,200
Accounts receivable, net 103,270 (93,767)
Prepaid taxes 1,729 (2,166)
Prepaid expenses and other current assets 17,469 9,664
Other assets (1,899) (2,517)
Accounts payable (55,085) 3,380
Accrued expenses (47,700) 23,251
Non-current liabilities (12,595) (5,588)
Net cash provided by operating activities 221,381 200,735
Cash flows from investing activities:    
Proceeds from sale of equipment 15,135 18,584
Purchases of property and equipment (65,635) (85,942)
Cash used in acquisition 108 0
Net cash used in investing activities (50,392) (67,358)
Cash flows from financing activities:    
Purchase of treasury stock (100,026) 0
Repayments of long-term debt (56,191) (54,114)
Stock withheld for payments of withholding taxes (7,818) (5,715)
Finance lease payments (1,501) (1,059)
Proceeds from issuance of debt 50,289 66,194
Net cash (used in) provided by financing activities (115,247) 5,306
Effect of exchange rate changes on cash and cash equivalents 45 9
Net increase in cash and cash equivalents 55,787 138,692
Cash and cash equivalents beginning of the period 286,642 159,784
Cash and cash equivalents end of the period 342,429 298,476
Supplemental disclosures of cash paid for:    
Interest 6,688 3,710
Income taxes $ 14,410 $ 58,082