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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows from Operating Activities:      
Net income $ 441,329 [1] $ 160,240 [1] $ 158,805
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, and amortization 217,918 175,384 162,839
Share-based compensation expense 14,761 11,687 9,736
Deferred income tax provision (benefit) (160,328) 180,926 27,841
Alternative energy tax credits 76,281 (76,281) 0
Loss on disposals of property, plant and equipment 9,377 7,298 7,137
Loss on early extinguishment of debt 0 21,296 0
Pension and postretirement benefits expense, net of contributions 18,525 1,687 5,726
Other, net (1,008) (3,090) (4,761)
Decrease (increase) in assets -      
Accounts receivable (31,191) (24,995) (16,946)
Inventories 25,036 (6,356) (9,605)
Prepaid expenses and other current assets (1,914) (835) (616)
Increase (decrease) in liabilities -      
Accounts payable 54,222 (40,448) (694)
Accrued liabilities (54,807) (2,308) 6,052
Net cash provided by operating activities 608,201 404,205 345,514
Cash Flows from Investing Activities:      
Additions to property, plant, and equipment (234,422) [2],[3] (128,524) [2] (280,213) [2]
Acquisitions of businesses, net of cash acquired (1,174,506) (35,393) (57,340)
Treasury grant proceeds 0 57,399 0
Additions to other long term assets (3,134) (1,070) (13,055)
Other 654 78 443
Net cash used for investing activities (1,411,408) (107,510) (350,165)
Cash Flows from Financing Activities:      
Proceeds from issuance of debt 1,998,145 397,044 150,000
Repayments of debt (1,074,774) (437,184) (670)
Financing costs paid (19,419) (876) (2,041)
Settlement of treasury lock 0 (65,500) 9,910
Common stock dividends paid (109,145) (117,851) (76,012)
Repurchases of common stock (7,799) (45,162) (125,027)
Proceeds from exercise of stock options 2,848 19,898 7,016
Excess tax benefits from stock-based awards 7,802 4,016 1,232
Shares withheld to cover employee restricted stock taxes (10,955) 0 0
Other 71 0 0
Net cash provided by (used for) financing activities 786,774 (245,615) (35,592)
Net (decrease) increase in cash and cash equivalents (16,433) 51,080 (40,243)
Cash and cash equivalents, beginning of year 207,393 156,313 196,556
Cash and cash equivalents, end of year $ 190,960 $ 207,393 $ 156,313
[1] Amounts have been adjusted for the change in inventory accounting method from LIFO to average cost.
[2] Includes "Expenditures for property and equipment" and excludes cash used for "Acquisition of businesses and facilities, net of cash acquired" as reported on our Consolidated Statements of Cash Flows.
[3] On October 25, 2013, we acquired Boise. The 2013 results include Boise for the period of October 25 through December 31, 2013.