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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net earnings $ 617,662 $ 515,805 $ 601,185
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation, depletion, accretion and amortization 374,596 346,246 305,965
Noncash operating lease expense 35,344 0 0
Net gain on sale of property, plant & equipment and businesses (23,752) (14,944) (17,827)
Contributions to pension plans (8,882) (109,631) (20,023)
Share-based compensation expense 31,843 25,215 26,635
Deferred tax expense (benefit) 76,011 64,639 (235,697)
Cost of debt purchase 0 6,922 140,772
(Increase) decrease in assets excluding the initial effects of business acquisitions and dispositions      
Accounts and notes receivable (29,734) 63,230 (81,561)
Inventories (28,273) (34,976) (14,121)
Prepaid expenses 5,990 (2,167) (28,445)
Other assets (61,195) (58,489) (23,759)
Increase (decrease) in liabilities excluding the initial effects of business acquisitions and dispositions      
Accrued interest and income taxes (4,644) 12,148 1,303
Trade payables and other accruals 21,788 40,181 9,823
Other noncurrent liabilities (51,150) (26,901) (32,592)
Other, net 28,518 5,499 13,020
Net cash provided by operating activities 984,122 832,777 644,678
Investing Activities      
Purchases of property, plant & equipment (384,094) (469,088) (459,566)
Proceeds from sale of property, plant & equipment 22,661 22,210 15,756
Proceeds from sale of businesses 1,744 11,256 287,292
Payment for businesses acquired, net of acquired cash (44,151) (221,419) (1,109,725)
Other, net (11,997) (12,850) (3,248)
Net cash used for investing activities (415,837) (669,891) (1,269,491)
Financing Activities      
Proceeds from short-term debt 366,900 739,900 5,000
Payment of short-term debt (499,900) (606,900) (5,000)
Payment of current maturities and long-term debt (23) (892,055) (1,463,308)
Proceeds from issuance of long-term debt 0 850,000 2,200,000
Debt issuance and exchange costs 0 (45,513) (15,291)
Settlements of interest rate derivatives 0 3,378 0
Purchases of common stock (2,602) (133,983) (60,303)
Dividends paid (163,973) (148,109) (132,335)
Share-based compensation, shares withheld for taxes (38,585) (31,846) (25,323)
Net cash provided by (used for) financing activities (338,183) (265,128) 503,440
Net increase (decrease) in cash and cash equivalents and restricted cash 230,102 (102,242) (121,373)
Cash and cash equivalents and restricted cash at beginning of year 44,404 146,646 268,019
Cash and cash equivalents and restricted cash at end of year $ 274,506 $ 44,404 $ 146,646