XML 29 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net income $ 104,900 $ 48,800 $ 8,800
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 142,500 133,900 133,700
Deferred income tax expense 2,300 9,300 12,100
Share-based compensation expense 6,700 6,100 3,800
Loss (gain) on extinguishment of debt, net 0 31,900 (5,700)
Changes in working capital pertaining to operating activities:      
Receivables, net (32,300) (31,300) 13,200
Inventories (48,200) (1,100) 21,800
Accounts payable 27,400 29,500 (38,000)
Accrued liabilities 8,400 6,300 (1,000)
Other (2,800) (300) 9,100
Net cash provided by operating activities 208,900 233,100 157,800
Cash Flows from Investing Activities:      
Capital expenditures (75,500) (98,600) (73,900)
Other investing activities 5,300 (700) (1,400)
Net cash used in investing activities (70,200) (99,300) (75,300)
Cash Flows from Financing Activities:      
Proceeds from issuance of long-term debt 0 500,000 0
Repayment of long-term debt 0 (609,300) (55,900)
Proceeds from revolving facility 596,000 690,100 629,900
Repayment of revolving facility (676,000) (663,400) (684,900)
Proceeds from financing obligation 0 0 10,000
Repayment of financing obligation (3,200) (2,900) (3,000)
Debt issuance costs 0 (12,000) 0
Dividends paid (23,600) (20,100) (19,900)
Shares repurchased 0 0 (7,000)
Cash distributions to noncontrolling interests (4,400) 0 0
Other financing activities (1,300) (800) (400)
Net cash used in financing activities (112,500) (118,400) (131,200)
Net increase (decrease) in cash and cash equivalents 26,200 15,400 (48,700)
Cash and cash equivalents at beginning of year 63,800 48,400 97,100
Cash and cash equivalents at end of year 90,000 63,800 48,400
Supplemental Disclosure of Cash Flow Information      
Interest paid, net of capitalized interest of zero, $0.5 million and $0.2 million, respectively 28,500 40,000 51,800
Income taxes paid, net of refunds of $0.5 million, $2.9 million and $3.0 million, respectively $ 14,500 $ 2,900 $ 1,100