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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net earnings $ 298,937 $ 123,783 $ 164,790
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 167,037 166,230 164,461
(Gain) loss on disposal of property and equipment (303) 157 (157)
Accretion of interest on convertible debt instruments 0 13,161 14,146
Inventory write-offs for obsolescence 20,657 22,730 26,494
Pensions and other postretirement benefits, net of contributions 2,106 2,864 (552)
Loss on early extinguishment of debt 0 8,073 2,030
Deferred income taxes 50,613 (12,141) (23,009)
Other 16,226 3,304 13,341
Change in U.S. transition tax liability (14,757) (14,757) (14,757)
Change in repatriation tax liability 0 (16,258) (38,814)
Net change in operating assets and liabilities, net of effects of businesses acquired (83,412) 17,792 (11,529)
Net cash provided by operating activities 457,104 314,938 296,444
Investing activities      
Capital expenditures (218,372) (123,599) (156,641)
Proceeds from sale of property and equipment 1,317 403 577
Purchase of businesses, net of cash acquired (20,847) (25,852) (11,862)
Purchase of short-term investments (140,603) (293,087) (111,631)
Maturity of short-term investments 147,893 250,580 81,012
Other investing activities 129 (529) 3,587
Net cash used in investing activities (230,483) (192,084) (194,958)
Financing activities      
Issuance costs 0 0 (5,394)
Repurchase of convertible debt instruments (300) (151,683) (27,863)
Net changes in short-term borrowings 0 (114) (16)
Distributions to noncontrolling interests (800) (600) (600)
Cash withholding taxes paid when shares withheld for vested equity awards (1,963) (2,016) (2,708)
Net cash used in financing activities (58,814) (209,382) (90,025)
Effect of exchange rate changes on cash and cash equivalents (13,573) 12,269 (3,360)
Net increase (decrease) in cash and cash equivalents 154,234 (74,259) 8,101
Cash and cash equivalents at beginning of year 619,874 694,133 686,032
Cash and cash equivalents at end of year 774,108 619,874 694,133
Common Stock [Member]      
Financing activities      
Dividends paid (51,094) (50,372) (48,968)
Class B Convertible Common Stock [Member]      
Financing activities      
Dividends paid $ (4,657) $ (4,597) $ (4,476)