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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net (loss) income $ (283,075) $ 231,855 $ 112,770
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation 45,012 32,507 31,758
Amortization of intangibles 11,973 12,813 15,211
Net (gain) loss on sale of property, plant and equipment and business divestiture (493) 235 (635)
Deferred income taxes (111,683) (13,459) (7,614)
Stock-based compensation 11,309 11,799 9,746
Non-cash interest expense 962 946 868
Equity in loss of unconsolidated entity 6,089 803 0
Impairment 994 0 1,339
Accounts receivable 39,044 72,587 (79,066)
Inventories 8,810 (23,765) (6,249)
Prepaid expenses and other 4,020 (10,727) 1,069
Accounts payable and accrued liabilities (68,687) 5,775 46,085
Other, net 452,997 (1,763) (1,198)
Net cash provided by operating activities 117,272 319,606 124,084
Cash flows from investing activities:      
Cash payments for capital expenditures (72,188) (98,093) (57,086)
Expenditures for revenue generating assets (6,948) (5,650) 0
Proceeds from sale of assets and business divestiture 4,448 154 1,781
Investment in unconsolidated entities (20,100) (2,450) 0
Net cash used in investing activities (94,788) (106,039) (55,305)
Cash flows from financing activities:      
Proceeds from exercise of stock options 28 155 2,224
Dividends paid (14,779) (15,861) (16,020)
Borrowings under revolving credit facilities 884 104,199 97,549
Payments under revolving credit facilities (884) (104,199) (130,584)
Principal payments under finance lease obligations 0 0 (59)
Debt issuance costs paid (5) (117) (1,137)
Stock repurchases (70,912) (76,206) (34,285)
Distribution to noncontrolling interest (603) (512) 0
Net cash used in financing activities (86,271) (92,541) (82,312)
Cash, cash equivalents, and restricted cash:      
Net (decrease) increase in cash, cash equivalents, and restricted cash (63,787) 121,026 (13,533)
Cash, cash equivalents, and restricted cash at beginning of period 179,271 58,245 71,778
Cash, cash equivalents, and restricted cash at end of period 115,484 179,271 58,245
Supplemental disclosures of cash flow information:      
Cash paid for interest 18,786 18,938 20,131
Net cash paid for income taxes 29,831 82,589 18,333
Period end balance of payables for property, plant, and equipment $ 5,915 $ 11,662 $ 18,809