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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flow from operating activities:    
Net income $ 569,680 $ 624,587
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 46,387 47,746
Related party Tax Receivable Agreement expense 0 61,801
Deferred income tax provision (benefit) 28,696 (18,184)
Loss on extinguishment of debt 0 23,827
Interest expense 4,764 3,747
Other charges, net 17,689 9,652
Net change in working capital (80,311) (143,695)
Change in long-term assets and liabilities (2,133) 2,763
Net cash provided by operating activities 584,772 612,244
Cash flow from investing activities:    
Capital expenditures (44,053) (47,632)
Proceeds from the sale of assets 98 866
Net cash used in investing activities (43,955) (46,766)
Cash flow from financing activities:    
Short-term debt, net 0 (12,607)
Revolving Facility reductions 0 (45,692)
Debt issuance costs 0 (27,326)
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)
Repurchase of common stock (9,484) (225,000)
Principal repayments on long-term debt (125,000) (28,125)
Dividends paid to non-related-party 15,505 7,651
Dividends paid to related-party (58,507) (1,308,538)
Net cash used in financing activities (208,496) (474,721)
Net change in cash and cash equivalents 332,321 90,757
Effect of exchange rate changes on cash and cash equivalents (1,037) (1,615)
Cash and cash equivalents at beginning of period 49,880 13,365
Cash and cash equivalents at end of period 381,164  
Net change in working capital due to changes in the following components:    
Accounts and notes receivable, net (20,727) (96,045)
Inventories (19,908) (93,755)
Prepaid expenses and other current assets 5,703 7,828
Income taxes payable (28,152) 35,358
Accounts payable and accruals (17,336) 4,336
Interest payable 109 (1,417)
Net change in working capital $ (80,311) $ (143,695)