XML 30 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 267,159 $ 201,392 $ 307,583
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 114,384 115,903 102,412
(Gain) on sale/disposal of long-lived assets (568) 0 (11,054)
Deferred income taxes (10,200) (7,048) 40,787
Share-based compensation 13,450 14,437 13,669
Impairment of assets held for sale 19,088 33,043 0
Foreign Currency Transaction Gain (Loss), before Tax   9,351  
Restructuring Costs, Noncash   15,628  
Change in operating assets and liabilities, net of businesses acquired and divested:      
Accounts receivable, net (59,372) 71,147 (12,613)
Inventories, net 15,321 15,535 (3,485)
Progress Payments (3,672) (7,689) (4,834)
Accounts payable and accrued expenses 17,713 (55,513) (18,629)
Deferred revenue 9,584 (33,179) 36,134
Income taxes (12,988) 15,171 (15,625)
Net pension and postretirement liabilities (1,236) (153,375) (1,310)
Other current and long-term assets and liabilities 19,005 26,377 (11,631)
Net cash provided by operating activities 387,668 261,180 421,404
Cash flows from investing activities:      
Proceeds from sales and disposals of long-lived assets 4,045 2,930 15,093
Additions to property, plant, and equipment (41,108) (47,499) (69,752)
Payments to Acquire Businesses, Net of Cash Acquired   487,944 185,209
Payments for Previous Acquisition 5,340    
Payments for (Proceeds from) Other Investing Activities 0 17 172
Net cash used for investing activities (42,403) (532,530) (240,040)
Cash flows from financing activities:      
Borrowings under revolving credit facilities 455,950 570,675 37,692
Payment of revolving credit facilities (362,050) (570,675) (37,934)
Borrowings of debt   300,000  
Principal payments on debt (100,000)    
Repurchases of company stock (343,129) (200,018) (50,661)
Proceeds from share-based compensation plans 9,705 11,148 11,770
Dividends paid (28,660) (28,175) (28,200)
Other (945) (874) (812)
Net cash provided by (used for) financing activities (369,129) 82,081 (68,145)
Effect of exchange-rate changes on cash (3,380) (3,516) 1,748
Net increase (decrease) in cash and cash equivalents (27,244) (192,785) 114,967
Cash and cash equivalents at beginning of period 198,248 391,033 276,066
Cash and cash equivalents at end of period $ 171,004 $ 198,248 $ 391,033