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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income $ 284,200 $ 259,200 $ 155,900
Adjustments to reconcile income to net cash provided by operating activities:      
Depreciation and amortization 421,400 392,100 371,300
Gains on sales of assets (137,800) (130,900) (121,200)
Asset Impairment Charges 0 1,500 48,900
Employee benefit plans (800) (4,300) 1,800
Share-based Payment Arrangement, Noncash Expense 23,000 18,300 12,700
Deferred income taxes 45,800 38,300 36,300
Share of affiliates’ earnings, net of dividends (32,800) (47,400) 12,700
Other (900) (6,400) 15,100
Investing Activities      
Portfolio investments and capital additions (1,674,400) (1,665,000) (1,255,800)
Portfolio proceeds 230,600 272,800 269,600
Proceeds from sales of other assets 24,900 20,200 31,100
Short-term investments 0 150,000 (148,500)
Payments for (Proceeds from) Other Investing Activities 2,200 2,700 30,100
Net cash used in investing activities (1,416,700) (1,219,300) (1,073,500)
Financing Activities      
Net proceeds from issuances of debt (original maturities longer than 90 days) 1,295,600 1,420,000 848,300
Repayments of debt (original maturities longer than 90 days) (413,500) (500,000) (250,000)
Net increase (decrease) in debt with original maturities of 90 days or less 0 (7,100) 0
Payments on capital lease obligations (30,400) 0 (1,500)
Stock repurchases (21,900) (2,600) (47,200)
Dividends (84,800) (80,600) (76,600)
Other (add shares used to pay taxes) 25,500 14,400 31,400
Net cash (used in) provided by financing activities 770,500 844,100 504,400
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (4,900) 1,600 (4,900)
Net (decrease) increase in Cash, Cash Equivalents, and Restricted Cash during the year (49,000) 146,800 (40,500)
Cash, Cash Equivalents, and Restricted Cash at beginning of period 450,800 304,000 344,500
Cash, Cash Equivalents, and Restricted Cash at end of period 401,800 450,800 304,000
Net cash provided by operating activities $ 602,100 $ 520,400 $ 533,500