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Guarantor and Non-Guarantor Financial Information (Tables) | 9 Months Ended
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Jun. 30, 2016
Guarantor and Non-Guarantor Financial Information |
Schedule of Consolidated Condensed Statements of Operations | CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (in thousands)
|  | Three Months Ended June 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 315,077 |  | $ | 51,429 |  | $ | (20 | ) | $ | 366,486 |
Operating costs and other |  | 3,712 |  | 314,620 |  | 61,700 |  | (290 | ) | 379,742 |
Operating income (loss) from continuing operations |  | (3,712 | ) | 457 |  | (10,271 | ) | 270 |  | (13,256 | )
Other income, net |  | 16 |  | 1,290 |  | 276 |  | (270 | ) | 1,312 |
Interest expense |  | (62 | ) | (5,597 | ) | (748 | ) | — |  | (6,407 | )
Equity in net loss of subsidiaries |  | (18,572 | ) | (7,796 | ) | — |  | 26,368 |  | — |
Loss from continuing operations before income taxes |  | (22,330 | ) | (11,646 | ) | (10,743 | ) | 26,368 |  | (18,351 | )
Income tax provision |  | (1,130 | ) | 7,230 |  | (3,258 | ) | — |  | 2,842 |
Loss from continuing operations |  | (21,200 | ) | (18,876 | ) | (7,485 | ) | 26,368 |  | (21,193 | )
Income from discontinued operations before income taxes |  | — |  | — |  | 2,193 |  | — |  | 2,193 |
Income tax provision |  | — |  | — |  | 2,200 |  | — |  | 2,200 |
Loss from discontinued operations |  | — |  | — |  | (7 | ) | — |  | (7 | )
Net loss |  | $ | (21,200 | ) | $ | (18,876 | ) | $ | (7,492 | ) | $ | 26,368 |  | $ | (21,200 | )
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (in thousands)
|  | Three Months Ended June 30, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 543,834 |  | $ | 117,629 |  | $ | (18 | ) | $ | 661,445 |
Operating costs and other |  | 3,072 |  | 423,409 |  | 100,941 |  | (1,026 | ) | 526,396 |
Operating income (loss) from continuing operations |  | (3,072 | ) | 120,425 |  | 16,688 |  | 1,008 |  | 135,049 |
Other income (expense), net |  | (103 | ) | 1,565 |  | 852 |  | (1,007 | ) | 1,307 |
Interest expense |  | (40 | ) | (4,638 | ) | (1,458 | ) | — |  | (6,136 | )
Equity in net income of subsidiaries |  | 92,413 |  | 13,040 |  | — |  | (105,453 | ) | — |
Income from continuing operations before income taxes |  | 89,198 |  | 130,392 |  | 16,082 |  | (105,452 | ) | 130,220 |
Income tax provision |  | (1,674 | ) | 38,941 |  | 2,054 |  | — |  | 39,321 |
Income from continuing operations |  | 90,872 |  | 91,451 |  | 14,028 |  | (105,452 | ) | 90,899 |
Loss from discontinued operations before income taxes |  | — |  | — |  | (27 | ) | — |  | (27 | )
Income tax provision |  | — |  | — |  | — |  | — |  | — |
Loss from discontinued operations |  | — |  | — |  | (27 | ) | — |  | (27 | )
Net income |  | $ | 90,872 |  | $ | 91,451 |  | $ | 14,001 |  | $ | (105,452 | ) | $ | 90,872 |
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (in thousands)
|  | Nine Months Ended June 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | 1,103,361 |  | $ | 189,216 |  | $ | (53 | ) | $ | 1,292,524 |
Operating costs and other |  | 9,573 |  | 1,003,369 |  | 213,640 |  | (1,093 | ) | 1,225,489 |
Operating income (loss) from continuing operations |  | (9,573 | ) | 99,992 |  | (24,424 | ) | 1,040 |  | 67,035 |
Other income (expense), net |  | (235 | ) | 2,680 |  | 1,831 |  | (1,040 | ) | 3,236 |
Interest expense |  | (186 | ) | (15,587 | ) | (879 | ) | — |  | (16,652 | )
Equity in net income (loss) of subsidiaries |  | 22,042 |  | (23,811 | ) | — |  | 1,769 |  | — |
Income (loss) from continuing operations before income taxes |  | 12,048 |  | 63,274 |  | (23,472 | ) | 1,769 |  | 53,619 |
Income tax provision |  | (3,959 | ) | 42,114 |  | (4,415 | ) | — |  | 33,740 |
Income (loss) from continuing operations |  | 16,007 |  | 21,160 |  | (19,057 | ) | 1,769 |  | 19,879 |
Income from discontinued operations before income taxes |  | — |  | — |  | 2,241 |  | — |  | 2,241 |
Income tax provision |  | — |  | — |  | 6,113 |  | — |  | 6,113 |
Loss from discontinued operations |  | — |  | — |  | (3,872 | ) | — |  | (3,872 | )
Net income (loss) |  | $ | 16,007 |  | 21,160 |  | $ | (22,929 | ) | $ | 1,769 |  | $ | 16,007 |
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (in thousands)
|  | Nine Months Ended June 30, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 2,270,839 |  | $ | 337,121 |  | $ | (58 | ) | $ | 2,607,902 |
Operating costs and other |  | 9,152 |  | 1,600,530 |  | 304,566 |  | (3,092 | ) | 1,911,156 |
Operating income (loss) from continuing operations |  | (9,152 | ) | 670,309 |  | 32,555 |  | 3,034 |  | 696,746 |
Other income (expense), net |  | (100 | ) | 6,224 |  | 1,444 |  | (3,033 | ) | 4,535 |
Interest expense |  | (59 | ) | (4,741 | ) | (4,526 | ) | — |  | (9,326 | )
Equity in net income of subsidiaries |  | 453,478 |  | 23,131 |  | — |  | (476,609 | ) | — |
Income from continuing operations before income taxes |  | 444,167 |  | 694,923 |  | 29,473 |  | (476,608 | ) | 691,955 |
Income tax provision |  | (3,856 | ) | 243,986 |  | 3,761 |  | — |  | 243,891 |
Income from continuing operations |  | 448,023 |  | 450,937 |  | 25,712 |  | (476,608 | ) | 448,064 |
Loss from discontinued operations before income taxes |  | — |  | — |  | (118 | ) | — |  | (118 | )
Income tax provision |  | — |  | — |  | (77 | ) | — |  | (77 | )
Loss from discontinued operations |  | — |  | — |  | (41 | ) | — |  | (41 | )
Net income |  | $ | 448,023 |  | $ | 450,937 |  | $ | 25,671 |  | $ | (476,608 | ) | $ | 448,023 |
Schedule of Consolidated Condensed Statements of Comprehensive Income | CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Three Months Ended June 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net loss |  | $ | (21,200 | ) | $ | (18,876 | ) | $ | (7,492 | ) | $ | 26,368 |  | $ | (21,200 | )
Other comprehensive income, net of income taxes: |  |  |  |  |  |  |  |  |  |  |
Unrealized appreciation on securities, net |  | — |  | 9,744 |  | — |  | — |  | 9,744 |
Minimum pension liability adjustments, net |  | 107 |  | 207 |  | — |  | — |  | 314 |
Other comprehensive income |  | 107 |  | 9,951 |  | — |  | — |  | 10,058 |
Comprehensive loss |  | $ | (21,093 | ) | $ | (8,925 | ) | $ | (7,492 | ) | $ | 26,368 |  | $ | (11,142 | )
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Three Months Ended June 30, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net income |  | $ | 90,872 |  | $ | 91,451 |  | $ | 14,001 |  | $ | (105,452 | ) | $ | 90,872 |
Other comprehensive income (loss), net of income taxes: |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  | — |  | (3,307 | ) | — |  | — |  | (3,307 | )
Minimum pension liability adjustments, net |  | 82 |  | 115 |  | — |  | — |  | 197 |
Other comprehensive income (loss) |  | 82 |  | (3,192 | ) | — |  | — |  | (3,110 | )
Comprehensive income |  | $ | 90,954 |  | $ | 88,259 |  | $ | 14,001 |  | $ | (105,452 | ) | $ | 87,762 |
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Nine Months Ended June 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net income (loss) |  | $ | 16,007 |  | 21,160 |  | $ | (22,929 | ) | $ | 1,769 |  | $ | 16,007 |
Other comprehensive income (loss), net of income taxes: |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  | — |  | (2,719 | ) | — |  | — |  | (2,719 | )
Minimum pension liability adjustments, net |  | 322 |  | 618 |  | — |  | — |  | 940 |
Other comprehensive income (loss) |  | 322 |  | (2,101 | ) | — |  | — |  | (1,779 | )
Comprehensive income (loss) |  | $ | 16,329 |  |  | 19,059 |  | $ | (22,929 | ) | 1,769 |  | $ | 14,228 |
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Nine Months Ended June 30, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net income |  | $ | 448,023 |  | $ | 450,937 |  | $ | 25,671 |  | $ | (476,608 | ) | $ | 448,023 |
Other comprehensive income (loss), net of income taxes: |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  | — |  | (46,754 | ) | — |  | — |  | (46,754 | )
Minimum pension liability adjustments, net |  | 246 |  | 344 |  | — |  | — |  | 590 |
Other comprehensive income (loss) |  | 246 |  | (46,410 | ) | — |  | — |  | (46,164 | )
Comprehensive income |  | $ | 448,269 |  | $ | 404,527 |  | $ | 25,671 |  | $ | (476,608 | ) | $ | 401,859 |
Schedule of Consolidated Condensed Balance Sheets | CONSOLIDATED CONDENSED BALANCE SHEETS (in thousands)
|  | June 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | (920 | ) | $ | 892,476 |  | $ | 15,476 |  | $ | — |  | $ | 907,032 |
Short-term investments |  | — |  | 49,565 |  | — |  | — |  | 49,565 |
Accounts receivable, net of reserve |  | 39,698 |  | 269,495 |  | 42,995 |  | (871 | ) | 351,317 |
Inventories |  | — |  | 88,438 |  | 40,447 |  | — |  | 128,885 |
Prepaid expenses and other |  | 7,997 |  | 33,403 |  | 39,638 |  | (2,017 | ) | 79,021 |
Assets held for sale |  | — |  | 21,772 |  | — |  | — |  | 21,772 |
Current assets of discontinued operations |  | — |  | — |  | 80 |  | — |  | 80 |
Total current assets |  | 46,775 |  | 1,355,149 |  | 138,636 |  | (2,888 | ) | 1,537,672 |
Investments |  | 12,848 |  | 87,050 |  | — |  | — |  | 99,898 |
Property, plant and equipment, net |  | 61,989 |  | 4,840,172 |  | 404,273 |  | — |  | 5,306,434 |
Intercompany |  | 15,982 |  | 1,426,888 |  | 264,212 |  | (1,707,082 | ) | — |
Other assets |  | 10,713 |  | 1,019 |  | 31,262 |  | (10,479 | ) | 32,515 |
Investment in subsidiaries |  | 5,645,245 |  | 203,812 |  | — |  | (5,849,057 | ) | — |
Total assets |  | $ | 5,793,552 |  | $ | 7,914,090 |  | $ | 838,383 |  | $ | (7,569,506 | ) | $ | 6,976,519 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt due within one year |  | $ | — |  | $ | 39,234 |  | $ | — |  | $ | — |  | $ | 39,234 |
Accounts payable |  | 80,926 |  | 8,718 |  | 3,904 |  | (856 | ) | 92,692 |
Accrued liabilities |  | 20,936 |  | 138,267 |  | 37,474 |  | (2,032 | ) | 194,645 |
Current liabilities of discontinued operations |  | — |  | — |  | 38 |  | — |  | 38 |
Total current liabilities |  | 101,862 |  | 186,219 |  | 41,416 |  | (2,888 | ) | 326,609 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  | 493,150 |  | — |  | — |  | 493,150 |
Deferred income taxes |  | — |  | 1,321,148 |  | 48,424 |  | (11,479 | ) | 1,358,093 |
Intercompany |  | 971,750 |  | 257,947 |  | 476,285 |  | (1,705,982 | ) | — |
Other |  | 18,478 |  | 28,455 |  | 46,288 |  | — |  | 93,221 |
Noncurrent liabilities of discontinued operations |  | — |  | — |  | 3,984 |  | — |  | 3,984 |
Total noncurrent liabilities |  | 990,228 |  | 2,100,700 |  | 574,981 |  | (1,717,461 | ) | 1,948,448 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |
Common stock |  | 11,138 |  | 100 |  | — |  | (100 | ) | 11,138 |
Additional paid-in capital |  | 442,883 |  | 47,372 |  | 547 |  | (47,919 | ) | 442,883 |
Retained earnings |  | 4,438,748 |  | 5,577,943 |  | 221,439 |  | (5,799,382 | ) | 4,438,748 |
Accumulated other comprehensive loss |  | (3,156 | ) | 1,756 |  | — |  | (1,756 | ) | (3,156 | )
Treasury stock, at cost |  | (188,151 | ) | — |  | — |  | — |  | (188,151 | )
Total shareholders’ equity |  | 4,701,462 |  | 5,627,171 |  | 221,986 |  | (5,849,157 | ) | 4,701,462 |
Total liabilities and shareholders’ equity |  | $ | 5,793,552 |  | $ | 7,914,090 |  | $ | 838,383 |  | $ | (7,569,506 | ) | $ | 6,976,519 |
CONSOLIDATED CONDENSED BALANCE SHEETS (in thousands)
|  | September 30, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | (838 | ) | $ | 693,273 |  | $ | 36,949 |  | $ | — |  | $ | 729,384 |
Short-term investments |  | — |  | 45,543 |  | — |  | — |  | 45,543 |
Accounts receivable, net of reserve |  | 152 |  | 374,383 |  | 71,418 |  | (5 | ) | 445,948 |
Inventories |  | — |  | 88,010 |  | 40,531 |  | — |  | 128,541 |
Deferred income taxes |  | 2,834 |  | 19,277 |  | — |  | (4,905 | ) | 17,206 |
Prepaid expenses and other |  | 20,018 |  | 6,713 |  | 45,647 |  | (7,903 | ) | 64,475 |
Current assets of discontinued operations |  | — |  | — |  | 8,097 |  | — |  | 8,097 |
Total current assets |  | 22,166 |  | 1,227,199 |  | 202,642 |  | (12,813 | ) | 1,439,194 |
Investments |  | 12,871 |  | 91,483 |  | — |  | — |  | 104,354 |
Property, plant and equipment, net |  | 55,902 |  | 5,063,705 |  | 443,563 |  | — |  | 5,563,170 |
Intercompany |  | 15,875 |  | 1,192,634 |  | 230,652 |  | (1,439,161 | ) | — |
Other assets |  | 8,387 |  | 1,389 |  | 38,901 |  | (8,153 | ) | 40,524 |
Investment in subsidiaries |  | 5,623,754 |  | 227,587 |  | — |  | (5,851,341 | ) | — |
Total assets |  | $ | 5,738,955 |  | $ | 7,803,997 |  | $ | 915,758 |  | $ | (7,311,468 | ) | $ | 7,147,242 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt due within one year |  | $ | — |  | $ | 39,094 |  | $ | — |  | $ | — |  | $ | 39,094 |
Accounts payable |  | 80,673 |  | 20,404 |  | 7,097 |  | (5 | ) | 108,169 |
Accrued liabilities |  | 10,688 |  | 151,721 |  | 46,251 |  | (11,103 | ) | 197,557 |
Current liabilities of discontinued operations |  | — |  | — |  | 3,377 |  | — |  | 3,377 |
Total current liabilities |  | 91,361 |  | 211,219 |  | 56,725 |  | (11,108 | ) | 348,197 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  | 492,443 |  | — |  | — |  | 492,443 |
Deferred income taxes |  | — |  | 1,275,428 |  | 33,546 |  | (13,058 | ) | 1,295,916 |
Intercompany |  | 733,008 |  | 186,784 |  | 516,169 |  | (1,435,961 | ) | — |
Other |  | 18,740 |  | 31,560 |  | 59,820 |  | — |  | 110,120 |
Noncurrent liabilities of discontinued operations |  | — |  | — |  | 4,720 |  | — |  | 4,720 |
Total noncurrent liabilities |  | 751,748 |  | 1,986,215 |  | 614,255 |  | (1,449,019 | ) | 1,903,199 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |
Common stock |  | 11,099 |  | 100 |  | — |  | (100 | ) | 11,099 |
Additional paid-in capital |  | 420,141 |  | 45,824 |  | 349 |  | (46,173 | ) | 420,141 |
Retained earnings |  | 4,648,346 |  | 5,556,783 |  | 244,429 |  | (5,801,212 | ) | 4,648,346 |
Accumulated other comprehensive income (loss) |  | (1,377 | ) | 3,856 |  | — |  | (3,856 | ) | (1,377 | )
Treasury stock, at cost |  | (182,363 | ) | — |  | — |  | — |  | (182,363 | )
Total shareholders’ equity |  | 4,895,846 |  | 5,606,563 |  | 244,778 |  | (5,851,341 | ) | 4,895,846 |
Total liabilities and shareholders’ equity |  | $ | 5,738,955 |  | $ | 7,803,997 |  | $ | 915,758 |  | $ | (7,311,468 | ) | $ | 7,147,242 |
Schedule of Consolidated Condensed Statements of Cash Flows | CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (in thousands)
|  | Nine Months Ended June 30, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | 4,127 |  | $ | 631,371 |  | $ | (20,088 | ) | $ | — |  | $ | 615,410 |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | (15,515 | ) | (200,611 | ) | (3,423 | ) | — |  | (219,549 | )
Intercompany transfers |  | 15,515 |  | (15,515 | ) | — |  | — |  | — |
Purchase of short-term investments |  | — |  | (36,958 | ) | — |  | — |  | (36,958 | )
Proceeds from sale of short-term investments |  | — |  | 32,681 |  | — |  | — |  | 32,681 |
Proceeds from asset sales |  | 8 |  | 10,956 |  | 1,840 |  | — |  | 12,804 |
Net cash provided by (used in) investing activities |  | 8 |  | (209,447 | ) | (1,583 | ) | — |  | (211,022 | )
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  | (224,040 | ) | — |  | — |  | — |  | (224,040 | )
Intercompany transfers |  | 224,040 |  | (224,040 | ) | — |  | — |  | — |
Debt issuance costs |  | — |  | (32 | ) | — |  | — |  | (32 | )
Exercise of stock options, net of tax withholding |  | 483 |  | — |  | — |  | — |  | 483 |
Tax withholdings related to net share settlements of restricted stock |  | (3,912 | ) | — |  | — |  | — |  | (3,912 | )
Excess tax benefit from stock-based compensation |  | (788 | ) | 1,351 |  | 198 |  | — |  | 761 |
Net cash provided by (used in) financing activities |  | (4,217 | ) | (222,721 | ) | 198 |  | — |  | (226,740 | )
Net increase (decrease) in cash and cash equivalents |  | (82 | ) | 199,203 |  | (21,473 | ) | — |  | 177,648 |
Cash and cash equivalents, beginning of period |  | (838 | ) | 693,273 |  | 36,949 |  | — |  | 729,384 |
Cash and cash equivalents, end of period |  | $ | (920 | ) | $ | 892,476 |  | $ | 15,476 |  | $ | — |  | $ | 907,032 |
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (in thousands)
|  | Nine Months Ended June 30, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net cash provided by operating activities |  | $ | 66,448 |  | $ | 1,068,214 |  | $ | 16,894 |  | $ | — |  | $ | 1,151,556 |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | (18,708 | ) | (911,844 | ) | (41,050 | ) | — |  | (971,602 | )
Intercompany transfers |  | 18,708 |  | (18,708 | ) | — |  | — |  | — |
Proceeds from asset sales |  | 1 |  | 16,804 |  | 952 |  | — |  | 17,757 |
Net cash provided by (used in) Investing activities |  | 1 |  | (913,748 | ) | (40,098 | ) | — |  | (953,845 | )
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Proceeds from senior notes, net of discount |  | — |  | 497,125 |  | — |  | — |  | 497,125 |
Debt issuance costs |  | — |  | (5,202 | ) | — |  | — |  | (5,202 | )
Proceeds on short-term debt |  | — |  | — |  | 1,002 |  | — |  | 1,002 |
Payments on short-term debt |  | — |  | — |  | (1,002 | ) | — |  | (1,002 | )
Net increase in bank overdraft |  | — |  | — |  | 10,824 |  | — |  | 10,824 |
Dividends paid |  | (223,827 | ) | — |  | — |  | — |  | (223,827 | )
Intercompany transfers |  | 223,827 |  | (223,827 | ) | — |  | — |  | — |
Repurchase of common stock |  | (59,654 | ) | — |  | — |  | — |  | (59,654 | )
Exercise of stock options, net of tax withholding |  | (609 | ) | — |  | — |  | — |  | (609 | )
Tax withholdings related to net share settlements of restricted stock |  | (5,104 | ) | — |  | — |  | — |  | (5,104 | )
Excess tax benefit from stock-based compensation |  | 91 |  | 2,853 |  | 25 |  | — |  | 2,969 |
Net cash provided by (used in) financing activities |  | (65,276 | ) | 270,949 |  | 10,849 |  | — |  | 216,522 |
Net increase (decrease) in cash and cash equivalents |  | 1,173 |  | 425,415 |  | (12,355 | ) | — |  | 414,233 |
Cash and cash equivalents, beginning of period |  | (2,050 | ) | 329,655 |  | 32,702 |  | — |  | 360,307 |
Cash and cash equivalents, end of period |  | $ | (877 | ) | $ | 755,070 |  | $ | 20,347 |  | $ | — |  | $ | 774,540 |

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