Additional disclosures regarding cash flow activities are provided below. | | | | | | | | | | | | | Six Months Ended
June 30, | | (Thousands of dollars) | 2024 | | 2023 | | Net (increase) decrease in operating working capital, excluding cash and cash equivalents: | | | | | (Increase) decrease in accounts receivable | $ | 7,355 | | | $ | (18,915) | | | (Increase) decrease in inventories | 2,170 | | | (8,353) | | | Decrease in prepaid expenses | 2,296 | | | 8,291 | | | Increase (decrease) in accounts payable and accrued liabilities ¹ | (9,689) | | | 6,642 | | | Increase (decrease) in income taxes payable | (1,006) | | | (3,005) | | | Net decrease (increase) in noncash working capital | $ | 1,126 | | | $ | (15,340) | | | Supplementary disclosures: | | | | | Cash income taxes paid, net of refunds | $ | 3,236 | | | $ | 10,904 | | Interest paid, net of amounts capitalized of $7.8 million in 2024 and $6.8 million in 2023 | 38,262 | | | 54,305 | | | | | | | Non-cash investing activities: | | | | | Asset retirement costs capitalized | $ | 16,175 | | | $ | 2,742 | | | (Increase) decrease in capital expenditure accrual | (24,780) | | | 20,522 | |
1 Excludes payable balances relating to contingent consideration for prior acquisitions.
|