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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 120,019 $ 64,497
Depreciation and amortization 135,390 123,657
Other operating activities and non-cash items 2,370 8,287
Changes in assets and liabilities (80,991) (99,852)
Net cash provided by operating activities 176,788 96,589
Cash flows from investing activities:    
Payments for property, plant and equipment (110,351) (55,888)
Proceeds from sale of property, plant and equipment 547 1,887
Proceeds from foreign exchange forward contracts 2,960 7,661
Payments for foreign exchange forward contracts (28,306) (8,557)
Payments for short-term investments (92,879) (55,754)
Proceeds from sale of short-term investments 19,838 31
Proceeds from maturities of short-term investments 43,790 6,134
Other investing activities 29 (106)
Net cash used in investing activities (164,372) (104,592)
Cash flows from financing activities:    
Proceeds from revolving credit facilities 0 201,000
Proceeds from short-term debt 3,679 14,086
Payments of short-term debt (7,803) (9,409)
Proceeds from issuance of long-term debt 50,000 24,000
Payments of long-term debt (79,684) (172,336)
Payments of finance lease obligations (3,216) (2,355)
Payments of dividends (19,457) 0
Other financing activities 7,037 109
Net cash (used in) provided by financing activities (49,444) 55,095
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (10,397) (300)
Net (decrease) increase in cash, cash equivalents and restricted cash (47,425) 46,792
Cash, cash equivalents and restricted cash, beginning of period 702,197 898,532
Cash, cash equivalents and restricted cash, end of period 654,772 945,324
Non-cash investing and financing activities:    
Property, plant and equipment included in capital expenditures payable $ 273,971 $ 107,344