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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net income attributable to common shareholders $ 136,460 $ 169,796
Noncontrolling interests in subsidiaries' earnings 537 1,043
Net income before allocation to noncontrolling interests 136,997 170,839
Environmental Remediation Expense 55,800 0
Restructuring - non-cash 954 0
Depreciation and amortization 57,954 38,159
Stock-based compensation expense 15,944 16,299
Defined benefit plans and postretirement (benefit) expense (8,775) 3,539
Deferred income taxes 3,686 18,124
Cash used for working capital (47,310) (88,808)
Defined benefit plans and postretirement contributions (22,744) (13,185)
Environmental payments, net of reimbursements (8,597) (11,202)
Payments for asbestos-related fees and costs, net of insurance recoveries (46,193) (48,314)
Other (24,282) 5,548
Total provided by operating activities 113,434 90,999
Investing activities:    
Capital expenditures (32,152) (19,016)
Proceeds from disposition of capital assets 4,976 372
Proceeds from divestitures 2,081 0
Proceeds from acquisition 6,100 0
Total used for investing activities (18,995) (18,644)
Equity:    
Dividends paid (54,759) (49,778)
Stock options exercised - net of shares reacquired 8,747 24,083
Excess tax benefit from stock-based compensation 7,869 5,787
Proceeds received from credit facility (11,000) 123,197
Repayments of Long-term Debt 0 200,000
Total provided by financing activities (49,143) (96,711)
Effect of exchange rates on cash and cash equivalents (14,267) 3,813
Increase (Decrease) in cash and cash equivalents 31,029 (20,543)
Cash and cash equivalents at beginning of period 270,643 423,947
Cash and cash equivalents at end of period 301,672 403,404
Detail of cash used for working capital:    
Accounts receivable (7,632) (42,883)
Inventories (50,467) (9,605)
Other current assets (436) 10
Accounts payable (1,167) (5,901)
Accrued liabilities (2,430) (30,536)
U.S. and foreign taxes on income 14,822 107
Total (47,310) (88,808)
Supplemental disclosure of cash flow information:    
Interest paid 21,061 20,491
Income taxes paid $ 33,956 $ 50,565