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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net income $ 136,473 $ 199,731
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 62,913 61,560
Amortization of debt financing costs and discounts on debt 1,903 2,030
Non-cash operating lease expense 22,604 19,544
Non-cash expected credit loss (income) on note receivable 0 (34,371)
Share-based compensation expense 6,860 7,819
Deferred income taxes 179 17,531
Non-cash impairment of assets 10,500 4,537
Other operating activities 1,859 (29)
Changes in operating assets and liabilities:    
Accounts receivable, net 18,970 6,027
Inventories 250 200
Prepaid expenses and other current assets 6,704 (5,148)
Income taxes payable, net 40,766 41,984
Other assets, net (1,770) (1,268)
Accounts payable and accrued liabilities (38,460) (34,485)
Operating lease liabilities (22,604) (19,544)
Other liabilities 3,582 16,057
Net cash provided by operating activities 250,729 282,175
Cash Flows from Investing Activities    
Capital expenditures (89,645) (96,100)
Payments received on note receivable 208 17,315
Other investing activities (893) (1,142)
Net cash used in investing activities (90,330) (79,927)
Cash Flows from Financing Activities    
Borrowings under credit facility 364,300 356,900
Payments under credit facility (413,600) (439,700)
Share-based compensation activities (9,842) (14,384)
Shares repurchased and retired (105,500) (106,327)
Dividends paid (15,510) (15,475)
Other financing activities (37) (51)
Net cash used in financing activities (180,189) (219,037)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (102) (3)
Change in cash, cash equivalents and restricted cash (19,892) (16,792)
Cash, cash equivalents and restricted cash, beginning of period 307,930 295,065
Cash, cash equivalents and restricted cash, end of period 288,038 278,273
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized 40,830 41,075
Cash received for interest 212 5,120
Cash received for income taxes (340) (32)
Supplemental Schedule of Non-cash Investing and Financing Activities    
Payables incurred for capital expenditures 23,172 2,356
Dividends declared not yet paid 16,262 16,289
Expected credit loss (income) on note receivable $ 0 $ (34,371)