XML 16 R5.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net earnings $ 63,299 $ 52,979
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 89,181 81,439
Net gain on sale of property, plant & equipment and businesses (7,297) (4,164)
Contributions to pension plans (2,320) (102,443)
Share-based compensation expense 5,724 6,794
Deferred tax expense (benefit) 774 7,968
Cost of debt purchase 0 6,922
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (45,765) 39,832
Other, net 12,568 3,641
Net cash provided by operating activities 116,164 92,968
Investing Activities    
Purchases of property, plant & equipment (122,019) (128,688)
Proceeds from sale of property, plant & equipment 6,512 1,701
Proceeds from sale of businesses 1,744 11,256
Payment for businesses acquired, net of acquired cash 1,122 (76,259)
Other, net (7,237) (34)
Net cash used for investing activities (119,878) (192,024)
Financing Activities    
Proceeds from short-term debt 196,200 252,000
Payment of short-term debt (150,700) (52,000)
Payment of current maturities and long-term debt (6) (892,038)
Proceeds from issuance of long-term debt 0 850,000
Debt issuance and exchange costs 0 (45,513)
Settlements of interest rate derivatives 0 3,378
Purchases of common stock 0 (55,568)
Dividends paid (40,939) (37,176)
Share-based compensation, shares withheld for taxes (14,137) (24,159)
Net cash used for financing activities (9,582) (1,076)
Net decrease in cash and cash equivalents and restricted cash (13,296) (100,132)
Cash and cash equivalents and restricted cash at beginning of year 44,404 146,646
Cash and cash equivalents and restricted cash at end of period $ 31,108 $ 46,514