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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net loss $ (62,872) $ (62,739)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 182,723 191,476
Net gain on sale of property, plant & equipment and businesses (15,657) (58,527)
Contributions to pension plans (1,995) (21,075)
Share-based compensation 8,849 10,524
Deferred tax provision (92,031) (54,755)
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (37,591) 2,585
Cost of debt purchase 19,153 0
Other, net 6,437 11,167
Net cash provided by operating activities 7,016 18,656
Investing Activities    
Purchases of property, plant & equipment (51,512) (42,158)
Proceeds from sale of property, plant & equipment 6,717 3,224
Proceeds from sale of businesses, net of transaction costs 12,284 50,954
Decrease (increase) in restricted cash 437 (3,746)
Other, net 927 (283)
Net cash provided by (used for) investing activities (31,147) 7,991
Financing Activities    
Net short-term borrowings (payments) (185,500) 83,488
Payment of current maturities and long-term debt (737,739) (75,188)
Proceeds from issuance of long-term debt 1,100,000 0
Debt issuance costs (17,904) 0
Proceeds from issuance of common stock 4,936 35,314
Dividends paid (64,570) (63,600)
Proceeds from exercise of stock options 3,232 12,597
Cost of debt purchase (19,153) 0
Other, net 32 650
Net cash provided by (used for) financing activities 83,334 (6,739)
Net increase in cash and cash equivalents 59,203 19,908
Cash and cash equivalents at beginning of year 47,541 22,265
Cash and cash equivalents at end of period $ 106,744 $ 42,173 [1]
[1] As Restated, See Note 1