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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 428,324 $ 213,534
Depreciation and amortization 420,970 377,722
Other operating activities and non-cash items 22,222 20,368
Changes in assets and liabilities (239,897) (177,576)
Net cash provided by operating activities 631,619 434,048
Cash flows from investing activities:    
Payments for property, plant and equipment (491,425) (275,531)
Proceeds from sale of property, plant and equipment 2,722 2,710
Proceeds from foreign exchange forward contracts 13,414 26,912
Payments for foreign exchange forward contracts (51,296) (13,666)
Payments for short-term investments (348,822) (475,696)
Proceeds from sale of short-term investments 70,085 37,633
Proceeds from maturities of short-term investments 165,774 86,216
Other investing activities 3,179 85
Net cash used in investing activities (636,369) (611,337)
Cash flows from financing activities:    
Proceeds from revolving credit facilities 0 312,000
Payments of revolving credit facilities 0 (332,000)
Proceeds from short-term debt 15,514 86,769
Payments of short-term debt (14,228) (76,004)
Proceeds from issuance of long-term debt 154,784 225,985
Payments of long-term debt (250,402) (370,426)
Payments of finance lease obligations (12,785) (7,193)
Payments of dividends (38,993) 0
Other financing activities 9,462 7,707
Net cash used in financing activities (136,648) (153,162)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (10,770) 2,696
Net decrease in cash, cash equivalents and restricted cash (152,168) (327,755)
Cash, cash equivalents and restricted cash, beginning of period 702,197 898,532
Cash, cash equivalents and restricted cash, end of period 550,029 570,777
Non-cash investing and financing activities:    
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 58,625 2,726
Property, plant and equipment included in capital expenditures payable 393,781 328,354
Right of use assets acquired through operating lease liabilities $ 39,916 $ 32,398