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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net earnings $ 212,631 $ 165,060
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 167,072 148,339
Net gain on sale of property, plant & equipment and businesses (6,270) (3,142)
Contributions to pension plans (104,794) (4,744)
Share-based compensation expense 14,763 13,671
Deferred tax expense (benefit) 40,549 2,901
Cost of debt purchase 6,922 0
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (55,415) (170,701)
Other, net 302 3,838
Net cash provided by operating activities 275,760 155,222
Investing Activities    
Purchases of property, plant & equipment (247,166) (291,034)
Proceeds from sale of property, plant & equipment 8,523 8,530
Proceeds from sale of businesses 11,256 0
Payment for businesses acquired, net of acquired cash (218,996) (210,562)
Other, net (10,226) 405
Net cash used for investing activities (456,609) (492,661)
Financing Activities    
Proceeds from short-term debt 506,200 5,000
Payment of short-term debt (146,200) (5,000)
Payment of current maturities and long-term debt (892,044) (235,007)
Proceeds from issuance of long-term debt 850,000 1,600,000
Debt issuance and exchange costs (45,513) (15,046)
Settlements of interest rate derivatives 3,378 0
Purchases of common stock (74,921) (60,303)
Dividends paid (74,196) (66,194)
Share-based compensation, shares withheld for taxes (31,386) (24,231)
Net cash provided by financing activities 95,318 1,199,219
Net increase (decrease) in cash and cash equivalents and restricted cash (85,531) 861,780
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 $ 61,115 $ 1,129,799