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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income (loss) $ (194,208) $ 6,937 $ 21,298
Income (loss) from discontinued operations, net of tax 91 (216) (515)
Adjustments to reconcile to net cash provided (used) by operating activities:      
Depreciation, depletion and amortization 66,724 61,421 56,600
Amortization of debt issue costs and original issue discount 1,915 865 590
Goodwill and other asset impairment charges 190,556 0 900
Russia/Ukraine conflict charges 3,207 0 0
Deferred income tax benefit (24,022) (13,619) (2,071)
Gains on dispositions of plant, equipment and timberlands, net (2,804) (5,069) (1,332)
Share-based compensation 831 5,063 5,655
Change in operating assets and liabilities      
Accounts receivable (35,294) (14,794) 9,563
Inventories (44,430) (40,019) 6,860
Prepaid and other current assets (3,234) 5,770 1,679
Accounts payable 16,398 65,828 (7,234)
Accruals and other current liabilities (14,342) (4,165) 12,143
Other (2,208) 2,975 4,857
Net cash provided (used) by operating activities (40,820) 70,977 108,993
Investing activities      
Expenditures for purchases of plant, equipment and timberlands (37,740) (30,037) (28,136)
Proceeds from disposals of plant, equipment and timberlands, net 3,199 5,567 1,413
Acquisitions, net of cash acquired 1,413 (464,856) 0
Other 30 (440) (50)
Net cash used by investing activities (33,098) (489,766) (26,773)
Financing activities      
Proceeds from note offerings 0 500,000 0
Proceeds from term loans 0 46,849 0
Repayment of term loans (35,287) (26,088) (23,246)
Net borrowings (repayments) under revolving credit facility 103,519 (23,481) (53,392)
Payments of borrowing costs (1,285) (10,132) (39)
Payments of dividends (18,766) (24,458) (23,492)
Proceeds from government grants 0 479 358
Payments related to share-based compensation awards and other (1,262) (817) (495)
Net cash provided (used) by financing activities 46,919 462,352 (100,306)
Effect of exchange rate changes on cash (2,341) (5,418) 5,163
Net increase (decrease) in cash, cash equivalents and restricted cash (29,340) 38,145 (12,923)
Change in cash and cash equivalents from discontinued operations (312) (996) (1,613)
Cash, cash equivalents and restricted cash at the beginning of period 148,814 111,665 126,201
Cash, cash equivalents and restricted cash at the end of period 119,162 148,814 111,665
Less: restricted cash in Prepaid and other current assets (3,600) (2,000) (2,000)
Less: restricted cash in Other assets (4,902) (8,378) (10,084)
Cash and cash equivalents at the end of period 110,660 138,436 99,581
Cash paid (refunded) for:      
Interest, net of amounts capitalized 33,203 6,957 6,180
Income taxes, net $ 24,445 $ 15,500 $ (9,993)