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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 311,328 $ 226,989
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 263,564 246,045
Non-cash interest expense, net 7,124 6,730
Equity-based compensation 17,016 14,834
Write-off of debt issuance costs 0 2,131
Change in deferred income taxes 32,472 1,680
(Gain) loss on asset sales and disposals, net 7,615 4,314
(Gain) loss on sales of businesses (13,833) 0
Equity method investment (income) loss, net 1,230 531
Fair value adjustments (88,020) 41,390
Gain on step acquisition 0 (33,406)
Changes in operating assets and liabilities:    
Accounts receivable, net (8,544) 764
Income taxes receivable 21,054 21,019
Prepaid and other current assets (14,848) (7,149)
Account payable and accrued liabilities 25,107 4,216
Deferred revenue (484) 2,919
Other 9,012 (2,721)
Net cash provided by operating activities 569,793 530,286
Cash flows from investing activities:    
Purchase of business, net of cash acquired 0 (1,953,643)
Cash paid for debt and equity investments (25,075) 0
Capital expenditures (307,252) (282,024)
Change in accrued expenses related to capital expenditures 3,985 12,666
Proceeds from sales of property, plant and equipment 3,609 282
Proceeds from sales of operations 9,227 0
Net cash used in investing activities (315,506) (2,222,719)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 0 1,695,850
Payment of debt issuance costs 0 (13,741)
Payments on long-term debt (25,762) (21,683)
Repurchases of common stock (307,031) 0
Payment of withholding tax for equity awards (4,826) (8,035)
Dividends paid to stockholders (49,751) (46,815)
Deposits received for asset construction 0 1,485
Net cash provided by (used in) financing activities (387,370) 1,607,061
Decrease in cash and cash equivalents (133,083) (85,372)
Cash and cash equivalents, beginning of period 388,802 574,909
Cash and cash equivalents, end of period 255,719 489,537
Supplemental cash flow disclosures:    
Cash paid for interest, net of capitalized interest 83,602 69,450
Cash paid for income taxes, net of refunds received $ 18,497 $ (1,068)