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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings $ 218,175 $ 192,914
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 76,998 77,146
Gain (Loss) on Disposition of Business 0 (2,149)
Gain on fixed asset disposals (6,295) (531)
Deferred income taxes 652 4,942
Share-based compensation 11,262 11,846
Change in operating assets and liabilities, net of businesses acquired and divested:    
Accounts receivable, net (44,788) (79,372)
Inventories, net (8,587) (50,463)
Progress payments (4,955) 764
Accounts payable and accrued expenses (86,900) (32,389)
Deferred revenue 18,750 11,643
Income taxes payable 2,676 (7,620)
Net pension and postretirement liabilities (928) (46,320)
Other current and long-term assets and liabilities (17,045) 18,564
Net cash provided by operating activities 159,015 98,975
Cash flows from investing activities:    
Proceeds from sales and disposals of long lived assets 10,099 5,495
Proceeds from Divestiture of Businesses   (268)
Payments to Acquire Intangible Assets (157) (1,500)
Additions to property, plant, and equipment (49,919) (30,287)
Acquisition of businesses, net of cash acquired (50,075) (210,167)
Payments for (Proceeds from) Previous Acquisition   (460)
Net cash used for investing activities (90,052) (237,187)
Cash flows from financing activities:    
Borrowings under revolving credit facility 35,387 370,595
Payment of revolving credit facility (35,550) (369,721)
Repurchases of common stock (37,864) (78,898)
Proceeds from share-based compensation 10,943 11,135
Dividends paid (13,683) (13,223)
Proceeds from (Payments for) Other Financing Activities (600) (557)
Net cash used for financing activities (41,367) (80,669)
Effect of exchange-rate changes on cash (5,950) (10,322)
Net increase (decrease) in cash and cash equivalents 21,646 (229,203)
Cash and cash equivalents at beginning of period 276,066 475,120
Cash and cash equivalents at end of period 297,712 245,917
Supplemental disclosure of non-cash activities:    
Capital expenditures incurred but not yet paid $ 88 $ 684