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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 12,609 $ 2,944
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 80,793 71,972
Equity in income of joint ventures (8,714) (5,241)
Stock-based compensation expense 12,420 9,748
Elimination of unrealized (loss) gain on sales to joint ventures (315) 450
Changes in fair value of contingent consideration (6,172) 0
Deferred taxes (618) (6,823)
Unrealized foreign exchange losses (gains) 5,413 (1,820)
Changes in assets and liabilities:    
Accounts receivable, net (33,756) (17,004)
Inventories (7,521) (1,440)
Other assets (14,127) (14,878)
Accounts payable and accrued liabilities (11,129) 31,919
Other liabilities (12,805) (25,722)
Income taxes, net 3,432 2,994
Dividends from joint ventures 0 2,754
Other (2,745) (3,172)
Net cash provided by operating activities 16,765 46,681
Cash flows from investing activities:    
Capital expenditures (67,107) (57,968)
Payment for acquired business, net of cash acquired (32,458) (7,536)
Proceeds from disposal of assets 2,900 2,013
Net cash used in investing activities (96,665) (63,491)
Cash flows from financing activities:    
Release of collateral deposits, net 557 494
Proceeds from borrowings 117,269 0
Repayment of borrowings (44,351) 0
Repurchase of common stock 0 (10,011)
Payment of withholding taxes on stock-based compensation plans (4,352) (2,835)
Repayment of financed insurance premium (3,203) (4,277)
Repayment of finance leases (1,042) (1,164)
Net cash provided by (used in) financing activities 64,878 (17,793)
Effect of exchange rate changes on cash and cash equivalents (2,691) (2,986)
Net decrease to cash and cash equivalents and restricted cash (17,713) (37,589)
Cash and cash equivalents and restricted cash at beginning of period 153,166 218,460
Cash and cash equivalents and restricted cash at end of period $ 135,453 $ 180,871