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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 166,830 $ 55,661 $ 122,880
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 77,885 72,105 73,161
Basis of real estate sold 25,348 20,554 16,698
Gain on sale of facility   (9,176)  
Loss on extinguishment of debt   5,512  
Change in deferred taxes (14,610) (11,045) 12,161
Pension and other postretirement employee benefits 23,666 11,877 16,443
Pension settlement charge 42,988    
Equity-based compensation expense 8,063 7,272 8,206
Other, net (1,269) (2,324) (1,221)
Change in working capital, net of business acquired:      
Receivables, net (12,439) 7,238 2,822
Inventories, net 3,745 (3,519) 273
Other assets 4,591 5,305 (3,996)
Accounts payable and accrued liabilities 25,848 (11,415) (5,212)
Other liabilities 1,327 3,955 (692)
Real estate development expenditures (6,706) (7,254) (5,049)
Funding of pension and other postretirement employee benefits (10,004) (5,678) (57,580)
Net cash provided by operating activities 335,263 139,068 178,894
CASH FLOWS FROM INVESTING ACTIVITIES      
Property, plant and equipment additions (22,693) (39,153) (29,880)
Timberlands reforestation and roads (16,234) (17,695) (17,378)
Acquisition of timber and timberlands (6,858) (626) (4,877)
Proceeds on disposition of property, plant and equipment 370 2,389 45
Proceeds on sale of facility 1,000 58,793  
Cash and cash equivalents acquired in Deltic merger     3,419
Transfer from company owned life insurance (COLI) 5,616 1,968 1,796
Transfer to COLI (3,341) (1,148) (1,027)
Other, net (52) (11) (7)
Net cash (used in) provided by investing activities (42,192) 4,517 (47,909)
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions to common stockholders (107,853) (107,722) (146,768)
Repurchase of common stock (15,364) (25,173)  
Proceeds from Potlatch revolving line of credit     100,000
Repayment of revolving line of credit     (100,000)
Proceeds from issue of long-term debt 46,000 190,000 100,000
Repayment of long-term debt (46,000) (190,000) (14,250)
Premiums and fees on debt retirement   (4,865)  
Other, net (1,768) (1,012) (4,983)
Net cash used in financing activities (124,985) (138,772) (172,001)
Change in cash, cash equivalents and restricted cash 168,086 4,813 (41,016)
Cash, cash equivalents and restricted cash at beginning of period 84,254 79,441 120,457
Cash, cash equivalents and restricted cash at end of period $ 252,340 $ 84,254 79,441
Deltic [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES      
Repayment of revolving line of credit     $ (106,000)