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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flow from operating activities:    
Net income $ 393,804 $ 425,121
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 31,030 31,696
Related party Tax Receivable Agreement expense 0 61,801
Deferred income tax (benefit)/provision 21,283 (22,011)
Loss on extinguishment of debt 0 23,827
Interest expense 3,176 2,161
Other charges, net 11,158 6,879
Net change in working capital (102,549) (158,588)
Change in long-term assets and liabilities 1,121 6,789
Net cash provided by operating activities 359,023 377,675
Cash flow from investing activities:    
Capital expenditures (29,199) (28,735)
Proceeds from the sale of assets 82 841
Net cash used in investing activities (29,117) (27,894)
Cash flow from financing activities:    
Short-term debt, net 0 (12,571)
Revolving Facility reductions 0 (45,692)
Debt issuance costs 0 (26,283)
Proceeds from the issuance of long-term debt, net of original issuance discount 0 2,235,000
Repayment of Senior Notes 0 (304,782)
Related party Promissory Note repayment 0 (750,000)
Principal repayments on long-term debt (125,000) 0
Dividends paid to non-related-party 10,387 2,457
Dividends paid to related-party (39,005) (1,289,037)
Net cash used in financing activities (174,392) (195,822)
Net change in cash and cash equivalents 155,514 153,959
Effect of exchange rate changes on cash and cash equivalents (139) (1,184)
Cash and cash equivalents at beginning of period 49,880 13,365
Cash and cash equivalents at end of period 205,255 166,140
Net change in working capital due to changes in the following components:    
Accounts and notes receivable, net (65,137) (110,700)
Inventories (16,099) (82,565)
Prepaid expenses and other current assets 3,308 8,284
Income taxes payable (27,639) 20,528
Accounts payable and accruals 2,212 547
Interest payable 806 5,318
Net change in working capital $ (102,549) $ (158,588)