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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net earnings $ 584,480 $ 617,662 $ 515,805
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation, depletion, accretion and amortization 396,806 374,596 346,246
Noncash operating lease expense 38,272 35,344 0
Net gain on sale of property, plant & equipment and businesses (3,997) (23,752) (14,944)
Contributions to pension plans (8,819) (8,882) (109,631)
Share-based compensation expense 32,991 31,843 25,215
Deferred tax expense 62,018 76,011 64,639
Cost of debt purchase 0 0 6,922
Increase (decrease) in liabilities excluding the initial effects of business acquisitions and dispositions      
Accounts and notes receivable 13,413 (29,734) 63,230
Inventories 9,801 (28,273) (34,976)
Prepaid expenses 2,585 5,990 (2,167)
Other assets (14,430) (61,195) (58,489)
Increase (decrease) in liabilities excluding the initial effects of business acquisitions and dispositions      
Accrued interest and income taxes 775 (4,644) 12,148
Trade payables and other accruals (6,942) 21,788 40,181
Other noncurrent liabilities (44,912) (51,150) (26,901)
Other, net 8,318 28,518 5,499
Net cash provided by operating activities 1,070,359 984,122 832,777
Investing Activities      
Purchases of property, plant & equipment (362,194) (384,094) (469,088)
Proceeds from sale of property, plant & equipment 11,461 22,661 22,210
Proceeds from sale of businesses 968 1,744 11,256
Payment for businesses acquired, net of acquired cash (43,223) (44,151) (221,419)
Other, net 11,474 (11,997) (12,850)
Net cash used for investing activities (381,514) (415,837) (669,891)
Financing Activities      
Proceeds from short-term debt 0 366,900 739,900
Payment of short-term debt 0 (499,900) (606,900)
Payment of current maturities and long-term debt (250,025) (23) (892,055)
Proceeds from issuance of long-term debt 750,000 0 850,000
Debt issuance and exchange costs (15,394) 0 (45,513)
Settlements of interest rate derivatives (19,863) 0 3,378
Purchases of common stock (26,132) (2,602) (133,983)
Dividends paid (180,216) (163,973) (148,109)
Share-based compensation, shares withheld for taxes (22,144) (38,522) (31,846)
Other, net (1,564) (63) 0
Net cash provided by (used for) financing activities 234,662 (338,183) (265,128)
Net increase (decrease) in cash and cash equivalents and restricted cash 923,507 230,102 (102,242)
Cash and cash equivalents and restricted cash at beginning of year 274,506 44,404 146,646
Cash and cash equivalents and restricted cash at end of year $ 1,198,013 $ 274,506 $ 44,404