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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net earnings $ 430,483 $ 298,937 $ 123,783
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 163,991 167,037 166,230
(Gain) loss on disposal of property and equipment (455) (303) 157
Accretion of interest on convertible debt instruments 0 0 13,161
Inventory write-offs for obsolescence 26,898 20,657 22,730
Pensions and other postretirement benefits, net of contributions (615) 2,106 2,864
Loss on early extinguishment of debt 0 0 8,073
Deferred income taxes 38,677 50,613 (12,141)
Other operating activities 7,380 16,226 3,304
Change in U.S. transition tax liability (14,757) (14,757) (14,757)
Change in repatriation tax liability (25,201) 0 (16,258)
Net change in operating assets and liabilities, net of effects of businesses acquired (142,113) (83,412) 17,792
Net cash provided by operating activities 484,288 457,104 314,938
Investing activities      
Capital expenditures (325,308) (218,372) (123,599)
Proceeds from sale of property and equipment 1,198 1,317 403
Purchase of businesses, net of cash acquired (50,000) (20,847) (25,852)
Purchase of short-term investments (285,956) (140,603) (293,087)
Maturity of short-term investments 132,901 147,893 250,580
Other investing activities (1,766) 129 (529)
Net cash used in investing activities (528,931) (230,483) (192,084)
Financing activities      
Repurchase of convertible debt instruments 0 (300) (151,683)
Net proceeds (payments) on revolving credit lines 42,000 0 0
Net changes in short-term borrowings 0 0 (114)
Repurchase of common stock held in treasury (82,972) 0 0
Distributions to noncontrolling interests (741) (800) (600)
Cash withholding taxes paid when shares withheld for vested equity awards (2,123) (1,963) (2,016)
Net cash provided by (used in) financing activities (101,023) (58,814) (209,382)
Effect of exchange rate changes on cash and cash equivalents (17,617) (13,573) 12,269
Net increase (decrease) in cash and cash equivalents (163,283) 154,234 (74,259)
Cash and cash equivalents at beginning of year 774,108 619,874 694,133
Cash and cash equivalents at end of year 610,825 774,108 619,874
Common Stock [Member]      
Financing activities      
Dividends paid (52,348) (51,094) (50,372)
Class B Convertible Common Stock [Member]      
Financing activities      
Dividends paid $ (4,839) $ (4,657) $ (4,597)