XML 15 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net earnings $ 165,060 $ 164,866
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 148,339 141,314
Net gain on sale of property, plant & equipment and businesses (3,142) (911)
Contributions to pension plans (4,744) (4,737)
Share-based compensation expense 13,671 10,832
Deferred tax expense (benefit) 2,901 2,592
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (170,701) (157,216)
Other, net 3,838 (1,738)
Net cash provided by operating activities 155,222 155,002
Investing Activities    
Purchases of property, plant & equipment (291,034) (199,764)
Proceeds from sale of property, plant & equipment 8,530 2,427
Payment for businesses acquired, net of acquired cash (210,562) (1,611)
Decrease in restricted cash 9,033 1,150
Other, net 405 1,862
Net cash used for investing activities (483,628) (195,936)
Financing Activities    
Proceeds from line of credit 5,000 3,000
Payment of line of credit (5,000) (3,000)
Payment of current maturities and long-term debt (235,007) (9)
Proceeds from issuance of long-term debt 1,600,000 0
Debt discounts and issuance costs (15,046) 0
Purchases of common stock (60,303) (69,156)
Dividends paid (66,194) (53,338)
Share-based compensation, shares withheld for taxes (24,231) (28,721)
Net cash provided by (used for) financing activities 1,199,219 (151,224)
Net increase (decrease) in cash and cash equivalents 870,813 (192,158)
Cash and cash equivalents at beginning of year 258,986 284,060
Cash and cash equivalents at end of period $ 1,129,799 $ 91,902