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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash provided by (used for) operations    
Net income $ 148,978 $ 66,278
Items in net income not using (providing) cash    
Depreciation and amortization, including deferred financing costs and other 76,784 61,340
Stock-based compensation 5,839 6,016
Pension expense 1,492 2,687
Deferred income taxes (2,460) 10,008
Change in fair value of interest rate swaps 2,681 3,103
Loss on curtailment of facility (excluding severance) 1,476 0
Other 205 (235)
Loss on extinguishment of debt (13,968) 0
Decrease (increase) in working capital, net of acquisitions    
Receivables (205,995) (77,811)
Inventories 42,904 45,184
Prepaid expenses and other (9,641) (3,516)
Accounts payable and accrued liabilities 213,935 66,130
Pension contributions (12,659) (1,324)
Income taxes payable 17,121 19,109
Other (857) (2,219)
Net cash provided by operations 293,771 194,750
Cash provided by (used for) investment    
Expenditures for property and equipment (46,994) (53,249)
Acquisitions of businesses and facilities 0 (15,676)
Proceeds from sale of facilities 0 2,493
Proceeds from sales of assets and other 563 1,644
Net cash used for investment (46,431) (64,788)
Cash provided by (used for) financing    
Borrowings of long-term debt, including revolving credit facility 400,000 5,500
Payments of long-term debt, including revolving credit facility 405,774 5,500
Payments of deferred financing costs (6,222) 0
Dividends paid on common stock (12,553) (11,070)
Tax withholding payments on stock-based awards (3,309) (3,575)
Other (784) (545)
Net cash used for financing (28,642) (15,190)
Net increase in cash and cash equivalents 218,698 114,772
Balance at beginning of the period 285,237 191,671
Balance at end of the period $ 503,935 $ 306,443