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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating activities:        
Net income $ 95,826 $ 46,797 $ 200,056 $ 110,186
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation and amortization 56,257 55,398 111,003 111,670
Equity-based compensation 3,812 3,329 7,522 6,098
Deferred income taxes 9,028 10,417 21,963 18,885
Loss on disposal of property, plant and equipment 139 550 96 1,506
Changes in certain assets and liabilities:        
Accounts receivable 34,536 21,423 (227,212) (201,717)
Inventories (9,026) (117,013) (81,133) (165,071)
Other assets 2,315 (9,529) 5,697 (8,589)
Accounts payable 2,750 (22,707) 96,925 95,510
Income taxes receivable/payable (17,119) 60,416 28,320 97,549
Accrued expenses (12,521) (29,730) 6,697 26,066
Net cash provided by operating activities 165,997 19,351 169,934 92,093
Investing activities:        
Purchases of property, plant and equipment (34,976) (40,960) (53,669) (71,644)
Other investing activities 2,142 977 999 1,481
Net cash used in investing activities (32,834) (39,983) (52,670) (70,163)
Financing activities:        
Issuance of current and long-term debt   2,002 5,126 546,552
Repayment of current and long-term debt (491) (4,476) (7,816) (355,806)
Debt issuance costs   (169)   (6,707)
Proceeds from the exercise of stock options, including related tax effect 4,569 2,984 12,865 6,438
Contributions from noncontrolling investors, net 1,470 2,611 1,887 2,611
Dividends paid (21,830) (16,233) (38,148) (32,433)
Net cash provided by (used in) financing activities (16,282) (13,281) (26,086) 160,655
Increase (decrease) in cash and equivalents 116,881 (33,913) 91,178 182,585
Cash and equivalents at beginning of period 160,810 225,506 186,513 9,008
Cash and equivalents at end of period 277,691 191,593 277,691 191,593
Supplemental disclosure information:        
Cash paid for interest 71,047 71,993 86,157 75,762
Cash paid (received) for federal and state income taxes, net $ 60,455 $ (41,997) $ 61,975 $ (55,007)