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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended 103 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Dec. 31, 2022
Cash flows from operating activities:        
Net earnings $ 254,251 $ 197,725 $ 142,149  
Adjustments to reconcile net earnings to net cash flows from operations:        
Depreciation and amortization 97,167 92,577 82,892  
Noncash loss on trading securities     39  
Contribution to defined benefit pension plan (17,155) (1,924) (35,399)  
Loss from divestiture of offshore wind energy structures business 33,273      
Impairment of long-lived assets   27,911 20,389  
Stock-based compensation 41,850 28,720 14,874  
Defined benefit pension plan benefit (10,087) (14,567) (7,311)  
Loss (gain) on sale of property, plant and equipment 237 (961) 60  
Equity in loss in nonconsolidated subsidiaries 950 944 1,004  
Deferred income taxes (1,225) 71 (1,397)  
Changes in assets and liabilities:        
Receivables (74,163) (69,275) (24,403)  
Inventories (3,429) (289,942) (21,888)  
Prepaid expenses and other assets (current and non-current) 26,625 (36,066) (10,633)  
Contract assets (53,008) (21,579) 19,835  
Accounts payable 36,990 89,418 33,044  
Accrued expenses 624 30,556 52,548  
Contract liabilities (567) 6,589 12,072  
Other noncurrent liabilities (16,904) 20,181 46,712  
Income taxes payable / refundable 10,836 5,560 (8,293)  
Net cash flows from operating activities 326,265 65,938 316,294  
Cash flows from investing activities:        
Purchase of property, plant, and equipment (93,288) (107,790) (106,700)  
Proceeds from sale of assets 1,582 1,745 10,860  
Acquisitions, net of cash acquired (39,287) (312,500) (15,862)  
Proceeds from settlement of net investment hedge     11,983  
Investments in nonconsolidated subsidiaries     (1,283)  
Other, net (1,087) 1,237 (3,027)  
Net cash flows from investing activities (132,080) (417,308) (104,029)  
Cash flows from financing activities:        
Proceeds from short-term borrowings 9,665 5,821 20,990  
Payments on short-term borrowings (17,242) (26,062) (7,946)  
Proceeds from long-term borrowings 253,999 312,485 88,872  
Principal payments on long-term borrowings (336,403) (91,313) (121,665)  
Proceeds from settlement of financial derivatives 3,532      
Debt issuance costs   (2,267)    
Dividends paid (45,813) (41,412) (36,930)  
Dividends to noncontrolling interest (714)   (5,642)  
Purchase of noncontrolling interests (7,338)   (59,416)  
Purchase of treasury shares (40,474) (26,100) (56,491) $ (918,600)
Proceeds from exercises under stock plans 16,849 23,895 18,961  
Purchase of common treasury shares-stock plan exercises (17,966) (21,547) (14,489)  
Net cash flows from financing activities (181,905) 133,500 (173,756)  
Effect of exchange rate changes on cash and cash equivalents (4,106) (5,624) 8,675  
Net change in cash and cash equivalents 8,174 (223,494) 47,184  
Cash and cash equivalents-beginning of year 177,232 400,726 353,542  
Cash and cash equivalents-end of period $ 185,406 $ 177,232 $ 400,726 $ 185,406