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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net earnings $ 160,614 $ 60,258
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 100,368 95,480
Noncash operating lease expense 10,528 8,851
Net gain on sale of property, plant & equipment and businesses (117,165) (999)
Contributions to pension plans (2,124) (2,144)
Share-based compensation expense 7,869 6,716
Deferred tax expense 26,949 19,671
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (16,992) (99,597)
Other, net (785) (5,761)
Net cash provided by operating activities 169,262 82,475
Investing Activities    
Purchases of property, plant & equipment (100,650) (142,650)
Proceeds from sale of property, plant & equipment 186,497 2,536
Other, net 25 9,872
Net cash provided by (used for) investing activities 85,872 (130,242)
Financing Activities    
Payment of current maturities and long-term debt (500,006) (6)
Settlements of interest rate derivatives 0 (19,863)
Purchases of common stock 0 (26,132)
Dividends paid (49,085) (45,100)
Share-based compensation, shares withheld for taxes (12,086) (15,064)
Other, net (1,031) (301)
Net cash used for financing activities (562,208) (106,466)
Net decrease in cash and cash equivalents and restricted cash (307,074) (154,233)
Cash and cash equivalents and restricted cash at beginning of year 1,198,013 274,506
Cash and cash equivalents and restricted cash at end of period $ 890,939 $ 120,273