XML 52 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net earnings $ 515,805 $ 601,185 $ 419,491
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation, depletion, accretion and amortization 346,246 305,965 284,940
Net gain on sale of property, plant & equipment and businesses (14,944) (17,827) (15,431)
Contributions to pension plans (109,631) (20,023) (9,576)
Share-based compensation expense 25,215 26,635 20,670
Deferred tax expense (benefit) 64,639 (235,697) 33,591
Cost of debt purchase 6,922 140,772 0
(Increase) decrease in assets excluding the initial effects of business acquisitions and dispositions      
Accounts and notes receivable 63,230 (81,561) (72,763)
Inventories (34,976) (14,121) 1,625
Prepaid expenses (2,167) (28,445) 2,558
Other assets (58,489) (23,759) (18,236)
Increase (decrease) in liabilities excluding the initial effects of business acquisitions and dispositions      
Accrued interest and income taxes 12,148 1,303 (7,187)
Trade payables and other accruals 40,181 9,823 30,353
Other noncurrent liabilities (26,901) (32,592) (29,138)
Other, net 5,499 13,020 3,691
Net cash provided by operating activities 832,777 644,678 644,588
Investing Activities      
Purchases of property, plant & equipment (469,088) (459,566) (350,148)
Proceeds from sale of property, plant & equipment 22,210 15,756 23,318
Proceeds from sale of businesses 11,256 287,292 0
Payment for businesses acquired, net of acquired cash (221,419) (1,109,725) (32,537)
Other, net (12,850) (3,248) 2,173
Net cash used for investing activities (669,891) (1,269,491) (357,194)
Financing Activities      
Proceeds from short-term debt 739,900 5,000 3,000
Payment of short-term debt (606,900) (5,000) (3,000)
Payment of current maturities and long-term debt (892,055) (1,463,308) (130)
Proceeds from issuance of long-term debt 850,000 2,200,000 0
Debt issuance and exchange costs (45,513) (15,291) (1,860)
Settlements of interest rate derivatives 3,378 0 0
Purchases of common stock (133,983) (60,303) (161,463)
Dividends paid (148,109) (132,335) (106,333)
Share-based compensation, shares withheld for taxes (31,846) (25,323) (34,799)
Net cash provided by (used for) financing activities (265,128) 503,440 (304,585)
Net decrease in cash and cash equivalents and restricted cash (102,242) (121,373) (17,191)
Cash and cash equivalents and restricted cash at beginning of year 146,646 268,019 285,210
Cash and cash equivalents and restricted cash at end of year $ 44,404 $ 146,646 $ 268,019