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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 57,426 $ 171,476
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 85,428 87,919
Non-cash interest expense, net 2,317 2,373
Equity-based compensation 5,585 5,205
Write-off of debt issuance costs 3,340 0
Change in deferred income taxes 3,143 23,788
(Gain) loss on asset sales and disposals, net 5,456 2,490
(Gain) loss on sale of business 0 (22,087)
Equity method investment (income) loss, net 16,514 (3,780)
Fair value adjustments (4,852) (84,735)
Changes in operating assets and liabilities:    
Accounts receivable, net 28,234 19,431
Prepaid and other current assets (26,220) (13,408)
Accounts payable and accrued liabilities (14,004) (447)
Deferred revenue 648 (115)
Other (1,228) 609
Net cash provided by operating activities 161,787 188,719
Cash flows from investing activities:    
Cash paid for debt and equity investments 0 (10,673)
Capital expenditures (96,106) (99,448)
Change in accrued expenses related to capital expenditures (4,745) 225
Proceeds from sales of property, plant and equipment 137 250
Net cash used in investing activities (100,714) (109,646)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 638,000 0
Payment of debt issuance costs (7,898) 0
Payments on long-term debt (643,164) (8,676)
Repurchases of common stock (41,751) (69,695)
Payment of withholding tax for equity awards (2,180) (4,676)
Dividends paid to stockholders (16,498) (16,662)
Net cash used in financing activities (73,491) (99,709)
Change in cash and cash equivalents (12,418) (20,636)
Cash and cash equivalents, beginning of period 215,150 388,802
Cash and cash equivalents, end of period 202,732 368,166
Supplemental cash flow disclosures:    
Cash paid for interest, net of capitalized interest 33,914 22,393
Cash paid for income taxes, net of refunds received $ 43,386 $ (42)