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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net earnings $ 260,857 $ 212,631
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 182,677 167,072
Net gain on sale of property, plant & equipment and businesses (10,748) (6,270)
Contributions to pension plans (4,638) (104,794)
Share-based compensation expense 14,370 14,763
Deferred tax expense (benefit) 34,816 40,549
Cost of debt purchase 0 6,922
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (201,256) (55,415)
Other, net 25,838 302
Net cash provided by operating activities 301,916 275,760
Investing Activities    
Purchases of property, plant & equipment (225,837) (247,166)
Proceeds from sale of property, plant & equipment 11,200 8,523
Proceeds from sale of businesses 1,744 11,256
Payment for businesses acquired, net of acquired cash 1,122 (218,996)
Other, net (4,577) (10,226)
Net cash used for investing activities (216,348) (456,609)
Financing Activities    
Proceeds from short-term debt 360,100 506,200
Payment of short-term debt (356,100) (146,200)
Payment of current maturities and long-term debt (11) (892,044)
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 (74,921)
Dividends paid (81,927) (74,196)
Share-based compensation, shares withheld for taxes (25,512) (31,386)
Net cash (used for) provided by financing activities (103,450) 95,318
Net decrease in cash and cash equivalents and restricted cash (17,882) (85,531)
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 $ 26,522 $ 61,115