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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net earnings $ 532,719 $ 469,962
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 320,992 295,912
Noncash operating lease expense 32,697 27,820
Net gain on sale of property, plant & equipment and businesses (120,316) (2,317)
Contributions to pension plans (6,032) (6,540)
Share-based compensation expense 25,200 23,239
Deferred tax expense 71,449 50,346
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (144,635) (76,545)
Other, net 12,742 (3,951)
Net cash provided by operating activities 724,816 777,926
Investing Activities    
Purchases of property, plant & equipment (318,620) (268,989)
Proceeds from sale of property, plant & equipment 192,367 9,440
Proceeds from sale of businesses 0 651
Payment for businesses acquired, net of acquired cash (1,634,492) (5,668)
Other, net 161 10,819
Net cash used for investing activities (1,760,584) (253,747)
Financing Activities    
Payment of current maturities and long-term debt (1,444,024) (250,018)
Proceeds from issuance of long-term debt 1,600,000 750,000
Debt issuance and exchange costs (13,286) (15,394)
Settlements of interest rate derivatives 0 (19,863)
Purchases of common stock 0 (26,132)
Dividends paid (147,267) (135,161)
Share-based compensation, shares withheld for taxes (15,776) (16,303)
Other, net (5,462) (1,084)
Net cash provided by (used for) financing activities (25,815) 286,045
Net increase (decrease) in cash and cash equivalents and restricted cash (1,061,583) 810,224
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 $ 136,430 $ 1,084,730