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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 360,468 $ 327,475
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 118,981 94,474
Recovery of doubtful accounts 228 311
Amortization of debt issuance costs 1,002 730
Stock-based compensation expense 4,905 4,511
Loss from disposition of fixed assets 890 1,872
Gain from sales of equity securities (3,795) 0
Gain on acquisition, net of loss on the fair value remeasurement of preexisting equity interest (21,045) 0
Impairment of equity method investment 4,925 0
Deferred income taxes 3,088 19,359
Windfall tax benefits from share-based payment arrangements (1,895) (4,436)
Income from equity method investments, net of dividends (1,760) (1,239)
Other gains (losses), net 423 (526)
Changes in operating assets and liabilities    
Accounts receivable (22,380) (27,367)
Inventories 50,115 34,360
Prepaid expenses and other current assets (10,844) (5,480)
Accounts payable (2,327) (21,990)
Accrued liabilities (40,526) 13,631
Other, net (5,098) (3,443)
Net cash provided by operating activities 435,355 432,242
Cash flows from investing activities    
Acquisition of business, net of cash acquired (15,782) 0
Additions to property, plant and equipment (203,933) (216,912)
Proceeds from disposition of assets 0 13
Proceeds from sales and maturities of securities 15,037 342,045
Purchase of securities 0 (117,332)
Settlements of derivative instruments (1,174) (290)
Net cash used for investing activities (174,288) 7,524
Cash flows from financing activities    
Dividends paid (43,896) (33,623)
Distributions to noncontrolling interests (7,218) 0
Proceeds from exercise of stock options 831 4,187
Proceeds from issuance of notes payable 2,392 0
Repayment of notes payable (4,299) 0
Repurchase of common stock for treasury (62,804)  
Windfall tax benefits from share-based payment arrangements 1,895 4,436
Net cash provided by financing activities (113,099) (25,000)
Effect of exchange rate changes on cash and cash equivalents (2,000) 0
Net increase in cash and cash equivalents 145,968 414,766
Cash and cash equivalents at beginning of period 880,601 461,301
Cash and cash equivalents at end of period $ 1,026,569 $ 876,067