XML 15 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net earnings $ 52,979 $ 44,921
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 81,439 71,563
Net gain on sale of property, plant & equipment and businesses (4,164) (369)
Contributions to pension plans (102,443) (2,374)
Share-based compensation expense 6,794 6,488
Deferred tax expense (benefit) 7,968 153
Cost of debt purchase 6,922 0
Changes in assets and liabilities before initial effects of business acquisitions and dispositions 39,832 (28,069)
Other, net 3,641 1,839
Net cash provided by operating activities 92,968 94,152
Investing Activities    
Purchases of property, plant & equipment (128,688) (133,022)
Proceeds from sale of property, plant & equipment 1,701 1,239
Proceeds from sale of businesses 11,256 0
Payment for businesses acquired, net of acquired cash (76,259) (185,067)
Other, net (34) 0
Net cash used for investing activities (192,024) (316,850)
Financing Activities    
Proceeds from short-term debt 252,000 0
Payment of short-term debt (52,000) 0
Payment of current maturities and long-term debt (892,038) (5)
Proceeds from issuance of long-term debt 850,000 350,000
Debt issuance and exchange costs (45,513) (4,565)
Settlements of interest rate derivatives 3,378 0
Purchases of common stock (55,568) (49,221)
Dividends paid (37,176) (33,152)
Share-based compensation, shares withheld for taxes (24,159) (21,421)
Net cash provided by (used for) financing activities (1,076) 241,636
Net increase (decrease) in cash and cash equivalents and restricted cash (100,132) 18,938
Cash and cash equivalents and restricted cash at beginning of year 146,646 268,019
Cash and cash equivalents and restricted cash at end of period $ 46,514 $ 286,957