v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Cash Flows [Abstract]    
Cash and cash equivalents at beginning of year $ 1,192,230 $ 889,900
Cash flows from operating activities:    
Net income 49,298 16,647
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 161,754 123,751
Stock-based compensation and other 6,966 9,317
Equity in net income of unconsolidated investments (net of tax) (64,286) (180,500)
Dividends received from unconsolidated investments and nonmarketable securities 60,335 50,756
Pension and postretirement expense 1,696 1,273
Pension and postretirement contributions (5,196) (4,824)
Realized loss on investments in marketable securities 0 33,746
Unrealized loss on investments in marketable securities 5,331 6,737
Deferred income taxes (5,669) 116,447
Working capital changes (21,992) (52,320)
Noncurrent liability changes and other, net 357,146 (23,076)
Net cash provided by operating activities 545,383 97,954
Cash flows from investing activities:    
Capital expenditures (182,624) (579,322)
Sales of marketable securities, net 3,381 84,893
Investments in equity investments and nonmarketable securities (60) (74)
Net cash used in investing activities (179,303) (494,503)
Cash flows from financing activities:    
Proceeds from issuance of mandatory convertible preferred stock, net of issuance costs 0 2,236,750
Repayments of long-term debt and credit agreements (9,615) (29,019)
Proceeds from borrowings of long-term debt and credit agreements 0 29,019
Other debt repayments, net (1,195) (620,753)
Dividends paid to common shareholders (47,607) (46,908)
Dividends paid to mandatory convertible preferred shareholders (41,688) 0
Dividends paid to noncontrolling interests (18,169) 0
Proceeds from exercise of stock options 1,186 86
Withholding taxes paid on stock-based compensation award distributions (2,904) (10,619)
Other (14) (1,256)
Net cash (used in) provided by financing activities (120,006) 1,557,300
Net effect of foreign exchange on cash and cash equivalents 80,207 5,162
Increase in cash and cash equivalents 326,281 1,165,913
Cash and cash equivalents at end of period $ 1,518,511 $ 2,055,813