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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net earnings $ 123,783 $ 164,790 $ 346,537
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 166,230 164,461 161,863
(Gain) loss on disposal of property and equipment 157 (157) (2,216)
Accretion of interest on convertible debt instruments 13,161 14,146 10,769
Inventory write-offs for obsolescence 22,730 26,494 23,872
Pensions and other postretirement benefits, net of contributions 2,864 (552) (1,549)
Loss on early extinguishment of debt 8,073 2,030 26,583
Deferred income taxes (12,141) (23,009) (55,206)
Other 3,304 13,341 21,194
Change in U.S. transition tax liability (14,757) (14,757) (14,757)
Change in repatriation tax liability (16,258) (38,814) (156,767)
Net change in operating assets and liabilities, net of effects of businesses acquired 17,792 (11,529) (101,817)
Net cash provided by operating activities 314,938 296,444 258,506
Investing activities      
Capital expenditures (123,599) (156,641) (229,899)
Proceeds from sale of property and equipment 403 577 55,561
Purchase of businesses, net of cash acquired (25,852) (11,862) (14,880)
Purchase of short-term investments (293,087) (111,631) (175,403)
Maturity of short-term investments 250,580 81,012 636,108
Other investing activities (529) 3,587 (2,058)
Net cash provided by (used in) investing activities (192,084) (194,958) 269,429
Financing activities      
Proceeds from long-term borrowings 0 0 600,000
Issuance costs 0 (5,394) (15,621)
Repurchase of convertible debentures (151,683) (27,863) (960,995)
Net proceeds (payments) on revolving credit lines 0 0 (150,000)
Net changes in short-term borrowings (114) (16) 15
Distributions to noncontrolling interests (600) (600) (525)
Cash withholding taxes paid when shares withheld for vested equity awards (2,016) (2,708) (2,297)
Net cash used in financing activities (209,382) (90,025) (575,932)
Effect of exchange rate changes on cash and cash equivalents 12,269 (3,360) (14,003)
Net increase (decrease) in cash and cash equivalents (74,259) 8,101 (62,000)
Cash and cash equivalents at beginning of year 694,133 686,032 748,032
Cash and cash equivalents at end of year 619,874 694,133 686,032
Common Stock [Member]      
Operating activities      
Net earnings 0 0 0
Financing activities      
Dividends paid (50,372) (48,968) (42,608)
Class B Convertible Common Stock [Member]      
Operating activities      
Net earnings 0 0 0
Financing activities      
Dividends paid $ (4,597) $ (4,476) $ (3,901)