Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 8,946 $ 46,434
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 61,792 55,578
Loss on extinguishment of debt 0 1,649
Gain on disposition of assets (1,665) (1,860)
Deferred income tax expense 1,800 10,432
Expenses not requiring cash 7,989 11,789
Change in accounts receivable (32,285) 9,161
Change in other assets 6,711 (7,138)
Change in accrued income taxes 2,179 923
Change in liabilities (9,543) (31,437)
Net cash provided by operating activities 45,924 95,531
Cash flows from investing activities:    
Capital expenditures (63,537) (109,531)
Proceeds from the sale of assets 2,901 2,340
Acquisition of ITS, net of cash acquired (117,991) 0
Net cash used in investing activities (178,627) (107,191)
Cash flows from financing activities:    
Proceeds from issuance of debt 125,000 130,000
Repayments of senior notes 0 (122,852)
Repayments of term loan (5,000) (12,000)
Payments of debt issuance costs (5,386) (3,537)
Payments of debt extinguishment costs 0 (402)
Excess tax benefit from stock based compensation (189) 49
Net cash provided by (used in) financing activities 114,425 (8,742)
Net decrease in cash and cash equivalents (18,278) (20,402)
Cash and cash equivalents, beginning of year 87,886 97,869
Cash and cash equivalents, end of period 69,608 77,467
Supplemental cash flow information:    
Interest paid 21,823 16,989
Income taxes paid $ 8,585 $ 28,307