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Supplemental Cash Flow Information | 12 Months Ended
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Dec. 31, 2024
Supplemental Cash Flow Information [Abstract] |
Supplemental Cash Flow Information | Supplemental Cash Flow Information: Supplemental information related to the consolidated statements of cash flows is as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Cash paid during the year for: |  |  |  |  |
Income taxes (net of refunds of $67,132, $31,386 and $11,564 in 2024, 2023 and 2022, respectively) | $ | 262,845 |  |  | $ | 319,391 |  |  | $ | 248,143 |
Interest (net of capitalization) | $ | 150,689 |  |  | $ | 101,978 |  |  | $ | 92,095 |
Supplemental non-cash disclosures related to investing and financing activities: |  |  |  |  |
Capital expenditures included in Accounts payable | $ | 197,951 |  |  | $ | 494,029 |  |  | $ | 296,294 |
Promissory note issued for capital expenditures(a) | $ | — |  |  | $ | — |  |  | $ | 10,876 |
Common stock issued for annual incentive bonus plan(b) | $ | 11,545 |  |  | $ | — |  |  | $ | — |
(a) During the first quarter of 2022, the Company issued a promissory note with a present value of $10.9 million for land purchased in Kings Mountain, North Carolina. The promissory note is payable in equal annual installments from the years 2027 to 2048. (b) During the first quarter of 2024, the Company issued 95,003 shares of common stock to certain employees in lieu of cash as payment of a portion of their 2023 annual incentive bonus plan. As part of the purchase price paid for the acquisition of a 60% interest in Wodgina in 2019, the Company transferred $17.3 million and $122.7 million of its construction in progress of the designated Kemerton assets during the years ended December 31, 2023 and 2022, respectively, representing MRL’s 40% interest in the assets at the time of transfer. Since the acquisition, the Company has transferred the full $480 million of construction in progress to MRL, as defined in the original purchase agreement. In addition, during the year ended December 31, 2022, the Company recorded expenses of $8.4 million related to cost overruns of the designated Kemerton assets. The cash outflow for these assets was recorded in Capital expenditures within Cash flows from investing activities on the consolidated statements of cash flows. The non-cash transfer of these assets is recorded in Other, net within Cash flows from operating activities on the consolidated statements of cash flows. Other, net within Cash flows from operating activities on the consolidated statements of cash flows for the years ended December 31, 2024, 2023 and 2022 included $82.7 million, $64.4 million and $41.8 million, respectively, representing the reclassification of the current portion of the one-time transition tax resulting from the enactment of the Tax Cuts and Jobs Act (“TCJA”) in 2017, from Other noncurrent liabilities to Income taxes payable within current liabilities. For additional information, see Note 20, “Income Taxes.” In addition, included in Other, net for the years ended December 31, 2024, 2023 and 2022 is $67.5 million, $39.9 million and ($21.8) million, respectively, related to gains (losses) on fluctuations in foreign currency exchange rates.

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/230/tableOfContent + Details
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