XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings $ 175,966 $ 137,845
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 54,151 57,975
Loss on sale/disposal of long-lived assets 85 16
Deferred income taxes (7,823) (6,553)
Share-based compensation 9,466 8,859
Non-cash restructuring charges 1,394 0
Change in operating assets and liabilities, net of businesses acquired and divested:    
Accounts receivable, net (85,914) (22,003)
Inventories, net (54,113) (56,094)
Accounts payable and accrued expenses (55,306) (72,019)
Deferred revenue 36,573 21,586
Net pension and postretirement liabilities (9,528) (9,392)
Other current and long-term assets and liabilities 751 (40,867)
Net cash provided by operating activities 65,702 19,353
Cash flows from investing activities:    
Proceeds from sale/disposal of long-lived assets 135 473
Additions to property, plant, and equipment (23,119) (22,664)
Acquisition of businesses, net of cash acquired (33,756) 0
Net cash used for investing activities (56,740) (22,191)
Cash flows from financing activities:    
Borrowings under revolving credit facility 8,893 481,099
Payments of revolving credit facilities (8,893) (356,099)
Principal payments on debt 0 (202,500)
Repurchases of common stock (24,796) (24,365)
Proceeds from share-based compensation 5,472 5,225
Dividends paid (7,665) (7,290)
Proceeds from (Payments for) Other Financing Activities (579) (537)
Net cash used for financing activities (27,568) (104,467)
Effect of exchange-rate changes on cash (5,697) 9,068
Net decrease in cash and cash equivalents (24,303) (98,237)
Cash and cash equivalents at beginning of period 406,867 256,974
Cash and cash equivalents at end of period $ 382,564 $ 158,737