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Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings $ 334,426 $ 224,677
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 22,261 20,327
Amortization 30,102 27,887
Deferred tax benefit (7,423) (4,570)
Share-based compensation 9,156 8,818
Increase (decrease) in cash resulting from changes in:    
Trade accounts receivable, net (9,551) 71,081
Inventories (52,794) (26,081)
Other current assets (3,893) (10,050)
Trade accounts payable 34,045 (28,136)
Taxes payable 33,598 762
Increase (Decrease) in Other Operating Assets and Liabilities, Net 14,485 (35,963)
Net cash provided by operating activities 404,412 248,752
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 3,248 2,025
Purchase of property, plant and equipment (47,363) (37,089)
Acquisitions (185,534) (6,242)
Payments for (Proceeds from) Derivative Instrument, Investing Activities 3,604 (9,281)
Net cash used in investing activities (226,045) (50,587)
Cash flows from financing activities:    
Proceeds from borrowings 1,204,996 1,076,098
Repayments of borrowings (866,153) (1,168,125)
Proceeds from stock option exercises 7,833 17,750
Repurchases of common stock (474,999) (200,000)
Proceeds from (Payments for) Other Financing Activities (2,288) (800)
Net cash used in financing activities (130,611) (275,077)
Effect of exchange rate changes on cash and cash equivalents 242 (3,596)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 47,998 (80,508)
Cash and cash equivalents:    
Beginning of period 94,254 207,785
End of period $ 142,252 $ 127,277