v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 83,280 $ 22,138
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 68,746 67,411
Other 29,068 10,311
Changes in operating assets and liabilities:    
Accounts receivable (132,491) (23,396)
Inventories 402,049 521,356
Commodity derivatives 35,996 19,857
Other current and non-current assets (14,683) (31,730)
Payables and other current and non-current liabilities (377,718) (636,646)
Net cash provided by (used in) operating activities 94,247 (50,699)
Investing Activities    
Purchases of property, plant and equipment and capitalized software (127,284) (95,376)
Insurance proceeds 1,108 13,989
Other 2,919 5,680
Net cash used in investing activities (123,257) (75,707)
Financing Activities    
Net proceeds (payments) under short-term lines of credit 65,443 (64,875)
Proceeds from issuance of long-term debt 86,250 14,700
Payments of long-term debt (122,982) (16,645)
Value of shares withheld for taxes (7,006) (3,931)
Dividends paid (13,640) (13,367)
Payments of debt issuance costs (5,685) (159)
Common stock repurchased (4,607) (1,184)
Distributions to noncontrolling interests 0 (1,547)
Net cash used in financing activities (2,227) (87,008)
Effect of exchange rates on cash and cash equivalents (497) 2,613
Decrease in cash and cash equivalents (31,734) (210,801)
Cash and cash equivalents at beginning of period 98,283 561,771
Cash and cash equivalents at end of period $ 66,549 $ 350,970