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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net earnings $ 355,958 $ 270,174
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 203,475 194,951
Noncash operating lease expense 20,867 17,977
Net gain on sale of property, plant & equipment and businesses (117,376) (741)
Contributions to pension plans (4,097) (4,409)
Share-based compensation expense 17,688 15,220
Deferred tax expense 41,103 36,644
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (135,007) (101,271)
Other, net 15,262 (2,954)
Net cash provided by operating activities 397,873 425,591
Investing Activities    
Purchases of property, plant & equipment (192,234) (223,147)
Proceeds from sale of property, plant & equipment 190,747 3,063
Proceeds from sale of businesses 0 651
Payment for businesses acquired, net of acquired cash 0 5,668
Other, net 15 5,575
Net cash used for investing activities (1,472) (219,526)
Financing Activities    
Payment of current maturities and long-term debt (500,013) (250,012)
Proceeds from issuance of long-term debt 0 750,000
Debt issuance and exchange costs (13,286) (10,762)
Settlements of interest rate derivatives 0 (19,863)
Purchases of common stock 0 (26,132)
Dividends paid (98,173) (90,128)
Share-based compensation, shares withheld for taxes (12,782) (15,830)
Other, net (1,754) (645)
Net cash provided by (used for) financing activities (626,008) 336,628
Net increase (decrease) in cash and cash equivalents and restricted cash (229,607) 542,693
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 $ 968,406 $ 817,199