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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net earnings $ 201,392 $ 307,583 $ 275,749
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 115,903 102,412 102,949
(Gain) loss on sale of businesses 0 0 (1,735)
(Gain) loss on sale/disposal of long-lived assets 0 (11,054) (1,120)
Deferred income taxes (7,048) 40,787 8,562
Share-based compensation 14,437 13,669 14,094
Impairment of assets held for sale 33,043 0 0
Foreign Currency Transaction Gain (Loss), before Tax 9,351 0 0
Restructuring Costs, Noncash 15,628 0 0
Change in operating assets and liabilities, net of businesses acquired and divested:      
Accounts receivable, net 71,147 (12,613) (57,492)
Inventories, net 15,535 (3,485) (41,197)
Progress Payments (7,689) (4,834) (11,121)
Accounts payable and accrued expenses (55,513) (18,629) 48,930
Deferred revenue (33,179) 36,134 23,082
Income taxes 15,171 (15,625) (8,847)
Net pension and postretirement liabilities (153,375) (1,310) (43,759)
Other current and long-term assets and liabilities 26,377 (11,631) 28,178
Net cash provided by operating activities 261,180 421,404 336,273
Cash flows from investing activities:      
Proceeds from sales and disposals of long-lived assets 2,930 15,093 9,117
Additions to property, plant, and equipment (47,499) (69,752) (53,417)
Payments to Acquire Businesses, Gross (487,944) (185,209) (210,167)
Payments for (Proceeds from) Other Investing Activities 17 172 1,049
Net cash used for investing activities (532,530) (240,040) (255,516)
Cash flows from financing activities:      
Borrowings under revolving credit facilities 570,675 37,692 372,980
Payment of revolving credit facilities (570,675) (37,934) (372,887)
Borrowings of debt 300,000 0 0
Principal payments on debt 0 0 (50,000)
Repurchases of company stock (200,018) (50,661) (198,592)
Proceeds from share-based compensation plans 11,148 11,770 11,940
Dividends paid (28,175) (28,200) (26,328)
Other (874) (812) (752)
Net cash provided by (used for) financing activities 82,081 (68,145) (263,639)
Effect of exchange-rate changes on cash (3,516) 1,748 (16,172)
Net increase (decrease) in cash and cash equivalents (192,785) 114,967 (199,054)
Cash and cash equivalents at beginning of period 391,033 276,066 475,120
Cash and cash equivalents at end of period $ 198,248 $ 391,033 $ 276,066