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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net earnings $ 164,790 $ 346,537 $ (19,560)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 164,461 161,863 163,146
(Gain) loss on disposal of property and equipment (157) (2,216) (265)
Accretion of interest on convertible debt instruments 14,146 10,769 4,984
Inventory write-offs for obsolescence 26,494 23,872 17,771
Pensions and other postretirement benefits, net of contributions (552) (1,549) (2,425)
Loss on disposal of equity affiliate 0 0 6,112
Loss on early extinguishment of debt 2,030 26,583 0
Deferred income taxes (23,009) (55,206) 52,377
Other 13,341 21,194 13,044
Change in U.S. transition tax liability (14,757) (14,757) 180,000
Change in repatriation tax liability (38,814) (156,767) 0
Net change in operating assets and liabilities, net of effects of businesses acquired (11,529) (101,817) (46,407)
Net cash provided by operating activities 296,444 258,506 368,777
Investing activities      
Capital expenditures (156,641) (229,899) (170,432)
Proceeds from sale of property and equipment 577 55,561 1,685
Purchase of businesses, net of cash acquired (11,862) (14,880) 0
Purchase of short-term investments (111,631) (175,403) (749,600)
Maturity of short-term investments 81,012 636,108 887,729
Other investing activities 3,587 (2,058) (4,189)
Net cash provided by (used in) investing activities (194,958) 269,429 (34,807)
Financing activities      
Proceeds from long-term borrowings 0 600,000 0
Issuance costs (5,394) (15,621) 0
Repurchase of convertible debentures (27,863) (960,995) 0
Net proceeds (payments) on revolving credit lines 0 (150,000) 7,000
Common stock repurchases 0 0 (39,944)
Net changes in short-term borrowings (16) 15 1
Distributions to noncontrolling interests (600) (525) (1,140)
Acquisition of noncontrolling interests 0 0 (4,100)
Proceeds from stock options exercised 0 0 1,260
Cash withholding taxes paid when shares withheld for vested equity awards (2,708) (2,297) (1,971)
Other financing activities 0 0 (1,255)
Net cash used in financing activities (90,025) (575,932) (77,198)
Effect of exchange rate changes on cash and cash equivalents (3,360) (14,003) 19,479
Net increase (decrease) in cash and cash equivalents 8,101 (62,000) 276,251
Cash and cash equivalents at beginning of year 686,032 748,032 471,781
Cash and cash equivalents at end of year 694,133 686,032 748,032
Common Stock [Member]      
Operating activities      
Net earnings 0 0 0
Financing activities      
Dividends and Interest Paid (48,968) (42,608) (33,956)
Class B Convertible Common Stock [Member]      
Operating activities      
Net earnings 0 0 0
Financing activities      
Dividends and Interest Paid $ (4,476) $ (3,901) $ (3,093)