Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 63,102 $ 1,183
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization expense 62,761 64,850
Losses (gains) on disposal of assets 963 (1,271)
Earnings from unconsolidated affiliates, net of dividends received (2,398) (5,701)
Deferred income taxes (4,586) (36,398)
Stock-based compensation expense 11,768 12,747
Amortization of deferred financing fees 2,274 2,111
Amortization of deferred contract costs 2,533 0
Discount amortization on long-term debt 0 473
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (2,195) (14,435)
Inventory, prepaid expenses and other assets (32,096) (34,063)
Accounts payable, accrued expenses and other liabilities 24,240 52,040
Net cash provided by operating activities 126,366 41,536
Cash flows from investing activities:    
Capital expenditures (171,903) (62,137)
Proceeds from asset dispositions 4,461 34,094
Net cash used in investing activities (167,442) (28,043)
Cash flows from financing activities:    
Proceeds from borrowings 82,309 169,508
Debt issuance costs (3,525) (2,714)
Repayments of debt (11,467) (138,735)
Purchase of treasury stock (4,054) (2,713)
Net cash provided by financing activities 63,263 25,346
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,732 7,214
Net increase in cash, cash equivalents and restricted cash 24,919 46,053
Cash, cash equivalents and restricted cash at beginning of period 183,662 163,683
Cash, cash equivalents and restricted cash at end of period 208,581 209,736
Cash paid during the period for:    
Interest 38,369 36,185
Income taxes, net $ 16,093 $ 9,551