| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||
Net (loss) income | |||||||||||
55,661 | 122,880 | 86,453 | 10,938 | 31,714 | 89,910 | 70,581 | 42,594 | 40,266 | 40,394 | 77,328 | 52,637 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||||||
Depreciation, depletion and amortization | |||||||||||
72,105 | 73,161 | 29,912 | 34,190 | 38,105 | 26,749 | 26,962 | 26,247 | 29,092 | 31,204 | 34,715 | 30,153 |
Basis of real estate sold | |||||||||||
20,554 | 16,698 | 6,827 | 8,011 | 7,012 | 8,646 | 2,904 | 5,048 | 10,219 | 48,670 | -10,696 | -9,109 |
Gain on sale of facility | |||||||||||
9,176 | - | - | - | - | - | - | - | - | - | - | - |
Loss on extinguishment of debt | |||||||||||
-5,512 | - | - | - | - | - | - | - | - | - | - | - |
Change in deferred taxes | |||||||||||
-11,045 | 12,161 | 15,364 | 1,853 | -5,696 | -1,616 | -2,467 | 15,992 | 4,218 | 5,427 | -21,037 | -17,894 |
Pension and other postretirement employee benefits | |||||||||||
11,877 | 16,443 | 13,151 | 15,661 | 15,122 | 2,122 | 7,561 | 4,317 | -2,181 | -6,241 | -138 | -5,280 |
Equity-based compensation expense | |||||||||||
7,272 | 8,206 | 5,379 | 4,390 | 4,758 | 4,137 | 4,377 | 4,067 | 4,404 | 3,952 | 3,829 | -4,320 |
Loss on sale of central Idaho timber and timberlands | |||||||||||
- | - | - | -48,522 | - | - | - | - | - | - | - | - |
Asset impairment charge | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | 2,994 | - |
Gain from discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | 119 | -4,103 | -20,300 |
Proceeds from land sales deposited with a like-kind exchange intermediary | |||||||||||
- | - | - | - | - | - | - | - | - | 341 | 2,030 | 36,148 |
Income tax benefit related to stock issued in conjunction with stock compensation plans | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | - | 1,085 |
Other, net | |||||||||||
2,324 | 1,221 | 2,529 | 1,198 | 2,046 | 2,191 | 1,972 | -599 | -1,104 | -42 | -130 | -1,131 |
Change in working capital, net of business acquired: | |||||||||||
Receivables, net | |||||||||||
-7,238 | -2,822 | -3,602 | 3,712 | 3,864 | -7,016 | 5,904 | -2,865 | -7,745 | 3,117 | -4,601 | 3,920 |
Inventories, net | |||||||||||
3,519 | -273 | -2,490 | 17,460 | 3,672 | -4,785 | 7,347 | 325 | 4,228 | 385 | -5,223 | 10,215 |
Other assets | |||||||||||
-5,305 | 3,996 | 15 | 473 | -898 | 1,421 | -1,668 | 1,459 | - | - | - | - |
Change in prepaid expenses and other assets | |||||||||||
- | - | - | - | - | - | - | - | 8 | -455 | -32 | -343 |
Accounts payable and accrued liabilities | |||||||||||
-11,415 | -5,212 | 11,591 | 7,232 | 267 | -2,388 | -3,468 | 163 | -4,116 | 5,096 | 1,096 | -3,950 |
Other liabilities | |||||||||||
3,955 | -692 | 1,072 | -4,537 | -8,584 | -827 | - | - | - | - | - | - |
Real estate development expenditures | |||||||||||
7,300 | 5,000 | 0 | - | - | - | - | - | - | - | - | - |
Funding of pension and other postretirement employee benefits | |||||||||||
5,700 | 57,600 | 10,638 | - | - | - | - | - | - | - | - | - |
Gain on disposition of property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | - | - | -1,078 | 1,628 | -592 |
Funding of qualified pension plans | |||||||||||
- | - | - | 1,300 | - | 3,550 | 0 | 21,630 | 9,400 | 0 | 0 | - |
Net cash provided by operating activities | |||||||||||
139,068 | 178,894 | 162,659 | 102,117 | 74,014 | 131,372 | 90,252 | 79,981 | 77,425 | 126,115 | 119,914 | 40,001 |
Timber deposits and cost share roads | |||||||||||
- | - | - | - | - | - | -2,643 | 1,503 | 310 | - | - | - |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||
Property, plant and equipment additions | |||||||||||
39,153 | 29,880 | 12,855 | 5,866 | 18,987 | 13,261 | 10,280 | 5,636 | 5,338 | 5,215 | 4,317 | 10,345 |
Timberlands reforestation and roads | |||||||||||
17,695 | 17,378 | 15,207 | 13,422 | 13,745 | 10,971 | 12,313 | 11,774 | - | - | - | 26,406 |
Transfer from company owned life insurance (COLI) | |||||||||||
1,968 | 1,796 | 1,278 | 6,384 | 1,492 | - | 0 | 21,751 | 0 | 0 | - | - |
Acquisition of timber and timberlands | |||||||||||
626 | 4,877 | 22,043 | 1,244 | 10,230 | 388,952 | 1,060 | 11,778 | 11,548 | 9,786 | 11,380 | - |
Deposits on timberlands | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 27,328 |
Proceeds on disposition of property, plant and equipment | |||||||||||
2,389 | 45 | 94 | - | - | - | - | - | - | 3,075 | 1,871 | 1,203 |
Proceeds on sale of facility | |||||||||||
58,793 | - | - | - | - | - | - | - | - | - | - | - |
Net proceeds from sale of central Idaho timber and timberlands | |||||||||||
- | - | - | 111,460 | - | - | - | - | - | - | - | - |
Cash and cash equivalents acquired in Deltic merger | |||||||||||
- | 3,419 | - | - | - | - | - | - | - | - | - | - |
Change in short-term investments | |||||||||||
- | - | - | - | -6,995 | -1,810 | -10,826 | 88 | -22,260 | 31,743 | 31,843 | -37,321 |
Transfer to COLI | |||||||||||
1,148 | 1,027 | 1,324 | 3,967 | - | 25,515 | 0 | 0 | - | - | - | - |
Other, net | |||||||||||
11 | 7 | -37 | -6 | -886 | -1,263 | -823 | 1,122 | 871 | 1,807 | 1,050 | 802 |
Net cash (used in) provided by investing activities | |||||||||||
4,517 | -47,909 | -50,020 | 93,351 | -33,589 | -406,756 | -12,004 | -8,647 | 4,503 | -45,476 | -46,719 | -26,357 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||
Distributions to common stockholders | |||||||||||
107,722 | 146,768 | 61,931 | 60,842 | 61,017 | 57,848 | 51,868 | 50,041 | 73,921 | 81,578 | 81,132 | 80,674 |
Repurchase of common stock | |||||||||||
25,173 | - | - | 5,956 | - | - | - | - | - | - | - | - |
Proceeds from Potlatch revolving line of credit | |||||||||||
- | 100,000 | - | - | - | - | 0 | - | - | - | - | - |
Repayment of revolving line of credit | |||||||||||
- | 100,000 | - | 30,000 | 30,000 | - | - | - | - | - | - | - |
Proceeds from issue of long-term debt | |||||||||||
190,000 | 100,000 | - | 93,235 | - | 310,000 | 0 | 12,000 | 0 | 0 | 147,094 | -173 |
Repayment of long-term debt | |||||||||||
190,000 | 14,250 | 11,000 | 113,335 | 22,500 | - | 36,663 | 21,662 | 5,011 | 11 | - | - |
Premiums and fees on debt retirement | |||||||||||
4,865 | - | - | - | - | - | - | - | - | - | - | - |
Decrease in notes payable | |||||||||||
- | - | - | - | - | - | - | - | - | - | -129,100 | 18,800 |
Issuance of common stock | |||||||||||
- | - | - | - | - | - | 1,904 | 1,075 | 1,430 | 2,156 | 1,839 | 3,902 |
Change in book overdrafts | |||||||||||
- | - | - | - | - | - | -955 | 462 | 157 | 2,178 | 860 | -8,165 |
Employee tax withholdings on vested performance share awards | |||||||||||
- | - | - | - | - | - | 1,738 | 1,714 | 1,641 | 2,075 | 77 | 4,771 |
Deferred financing costs | |||||||||||
- | - | - | - | - | - | 25 | 2,148 | 698 | 249 | 4,375 | 4,292 |
Other, net | |||||||||||
-1,012 | -4,983 | -1,835 | -3,911 | -3,000 | -1,783 | -302 | -140 | -18 | -1 | 212 | -714 |
Net cash used in financing activities | |||||||||||
-138,772 | -172,001 | -74,766 | -120,809 | -56,517 | 250,369 | -89,647 | -62,168 | -79,702 | -79,580 | -64,679 | -76,087 |
Change in cash, cash equivalents and restricted cash | |||||||||||
4,813 | -41,016 | 37,873 | 74,659 | -16,092 | -25,015 | -11,399 | 9,166 | 2,226 | 4,061 | 647 | -8,162 |
NONCASH INVESTING AND FINANCING ACTIVITIES | |||||||||||
Long-term debt assumed by buyer in sale of facility | |||||||||||
29,000 | - | - | - | - | - | - | - | - | - | - | - |
Accrued property, plant and equipment additions | |||||||||||
1,396 | 339 | 127 | - | - | - | - | - | - | - | - | - |
Accrued timberlands reforestation and roads | |||||||||||
352 | 199 | 576 | - | - | - | - | - | - | - | - | - |
Earnings and profits distribution | |||||||||||
- | 177,565 | - | - | - | - | - | - | - | - | - | - |
CASH FLOW INFORMATION | |||||||||||
Cash paid during the year for: | |||||||||||
Interest, net of amounts capitalized | |||||||||||
32,282 | 34,490 | 26,125 | 28,051 | 29,676 | 20,918 | 22,229 | 23,884 | 25,241 | 26,135 | 25,495 | 33,644 |
Income taxes, net | |||||||||||
7,148 | 10,800 | 15,845 | -8,081 | 1,576 | 18,104 | 20,097 | 53 | -5,984 | 255 | -540 | 10,409 |
Cash flows provided by continuing operations | |||||||||||
- | - | - | - | - | - | - | - | - | 1,059 | 8,516 | -62,443 |
Cash flows provided by discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | 3,002 | -7,869 | - |
Operating cash flows | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -4,770 |
Investing cash flows | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -21,078 |
Financing cash flows | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 80,129 |
Non-cash investing activity: | |||||||||||
Additions to timber and timberlands | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | 202 | 40,862 |
Restricted cash payment for Clearwater Paper Corporation of the maturity of credit sensitive debentures | |||||||||||
- | - | - | - | - | - | - | - | - | - | 106,250 | - |
Deltic [Member] | |||||||||||
Repayment of revolving line of credit | |||||||||||
- | 106,000 | - | - | - | - | - | - | - | - | - | - |
Equity issued as consideration for our merger with Deltic | |||||||||||
- | 1,142,775 | - | - | - | - | - | - | - | - | - | - |