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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net Income $ 177,148 $ 29,951
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and long-lived asset impairments 69,121 68,689
Amortization of lease right-of-use asset 33,245 33,473
Net pension benefit and special separation benefit expense (46,074) (90,971)
(Gain) loss on marketable equity securities and cost method investments, net (99,774) 118,628
Gain on disposition of business, property, plant and equipment and investments, net (11,755) (2,265)
Credit loss expense 1,909 2,218
Stock-based compensation expense 3,334 3,102
Foreign exchange (gain) loss (100) 1,525
Equity in losses (earnings) of affiliates, net of distributions 8,386 2,036
Provision for deferred income taxes 26,224 5,795
Accretion expense and change in fair value of contingent consideration liabilities (4,466) (2,655)
Change in operating assets and liabilities:    
Accounts receivable, net 93,496 126,006
Inventories (32,276) (36,360)
Accounts payable and accrued liabilities (50,664) (37,455)
Deferred revenue (58,505) (59,558)
Income taxes receivable/payable 13,908 (8,284)
Lease liabilities (34,878) (40,872)
Other assets and other liabilities, net (26,009) (15,834)
Other (31) 2,239
Net Cash Provided by Operating Activities 62,239 99,408
Cash Flows from Investing Activities    
Proceeds from sales of marketable equity securities 61,979 74,233
Purchases of property, plant and equipment (40,909) (32,154)
Loan to related party (30,000) 0
Investments in equity affiliates, cost method and other investments (11,982) (27,950)
Purchases of marketable equity securities (6,162) (31,468)
Net proceeds from disposition of property, plant and equipment, and investments 3,234 2,324
Other 868 (2,901)
Net Cash Used in Investing Activities (22,972) (17,916)
Cash Flows from Financing Activities    
Common shares repurchased (69,082) (34,303)
Net proceeds from vehicle floor plan payable 28,982 14,121
Net payments under revolving credit facilities (15,000) (47,000)
Dividends paid (15,746) (15,465)
Repayments of borrowings (7,983) (7,580)
Proceeds from bank overdrafts 3,656 6,073
Deferred payments of acquisition (1,361) (4,731)
Other (1,346) (686)
Net Cash Used in Financing Activities (77,880) (89,571)
Effect Of Currency Exchange Rate Change 561 (4,901)
Net Decrease in Cash and Cash Equivalents and Restricted Cash (38,052) (12,980)
Beginning Cash and Cash Equivalents and Restricted Cash 190,432 158,843
Ending Cash and Cash Equivalents and Restricted Cash $ 152,380 $ 145,863