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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net earnings $ 75,612 $ 96,588
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 76,428 90,934
Loss on sale of businesses 15,759 15,178
(Gain)/loss on fixed asset disposals (1,058) 402
Deferred income taxes 14,683 12,130
Share-based compensation 7,225 6,542
Impairment of fixed assets 0 2,357
Impairment of assets held for sale 40,813 17,573
Change in operating assets and liabilities, net of businesses acquired and divested:    
Accounts receivable, net (13,079) (17,031)
Inventories, net (29,354) (27,951)
Progress payments 375 (10,249)
Accounts payable and accrued expenses (55,086) (20,072)
Deferred revenue (27,900) 18,525
Income taxes payable 19,750 (6,053)
Net pension and postretirement liabilities (142,987) (30,825)
Other current and long-term assets and liabilities 14,128 5,125
Net cash provided by (used for) operating activities (4,691) 153,173
Cash flows from investing activities:    
Proceeds from sales and disposals of long lived assets 1,914 701
Proceeds from divestitures, net of cash sold and transaction costs 36,941 54,096
Proceeds from Insurance Settlement, Investing Activities 0 2,357
Additions to property, plant, and equipment (23,848) (54,480)
Acquisition of businesses, net of cash acquired (13,263) (34,362)
Additional consideration of prior period acquisitions (436) (989)
Net cash provided by (used for) investing activities 1,308 (32,677)
Cash flows from financing activities:    
Borrowings under revolving credit facility 68,841 363,458
Payment of revolving credit facility (68,521) (414,157)
Repayments of Long-term Debt (8,400) (80)
Repurchases of common stock (185,224) (44,555)
Proceeds from share-based compensation 14,616 34,924
Dividends paid (12,289) (12,536)
Proceeds from (Payments for) Other Financing Activities 429 158
Excess tax benefits from share-based compensation plans 4,243 7,717
Net cash used for financing activities (186,305) (65,071)
Effect of exchange-rate changes on cash (12,503) (8,248)
Net increase (decrease) in cash and cash equivalents (202,191) 47,177
Cash and cash equivalents at beginning of period 450,116 175,294
Cash and cash equivalents at end of period 247,925 222,471
Supplemental disclosure of non-cash activities:    
Capital expenditures incurred but not yet paid 427 638
Property and equipment acquired under build to suit transaction $ 0 $ 14,886