XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities    
Net income $ 27,060 $ 16,209
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 72,737 71,637
Amortization 10,795 12,967
Accretion of asset retirement obligations 708 471
Bad debt expense 764 758
Stock based compensation expense, net of amount capitalized 2,307 3,407
Deferred income taxes 3,434 (8,004)
Net gain from patronage and investments (2,081) (1,576)
Amortization of long-term debt issuance costs 1,648 2,365
Changes in assets and liabilities:    
Accounts receivable (4,561) (11,060)
Inventory, net (1,301) (503)
Current income taxes 1,138 16,722
Operating lease right-of-use assets 25,389  
Waived management fee 19,320 18,606
Other assets (8,679) (968)
Accounts payable 6,311 2,486
Lease liabilities (21,880)  
Deferred lease 0 1,353
Other deferrals and accruals (3,477) 2,274
Net cash provided by operating activities 129,632 127,144
Cash flows from investing activities:    
Capital expenditures (79,124) (62,322)
Cash disbursed for acquisitions (10,000) (52,000)
Proceeds from sale of assets 108 447
Other (3) (3)
Net cash used in investing activities (89,019) (113,878)
Cash Flows From Financing Activities    
Principal payments on long-term debt (24,777) (24,250)
Proceeds from revolving credit facility borrowings 0 15,000
Principal payments on revolving credit facility 0 (15,000)
Proceeds from exercises of stock options 81 0
Taxes paid for equity award issuances (2,912) (2,032)
Net cash used in financing activities (27,608) (26,282)
Net increase (decrease) in cash and cash equivalents 13,005 (13,016)
Cash and cash equivalents, beginning of period 85,086 78,585
Cash and cash equivalents, end of period $ 98,091 $ 65,569