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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 74,173 $ 40,553
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions    
Depreciation 24,729 26,440
Amortization of intangible assets 3,862 4,023
Share-based compensation expense 7,902 6,122
Deferred income taxes (347) 1,012
Investment loss (gain) 5,518 (3,713)
Other (1,383) 425
Changes in operating assets:    
Change in accounts receivable (6,626) (12,993)
Change in inventory (25,074) 6,490
Change in other operating assets (2,282) 2,899
Changes in operating liabilities:    
Change in accounts payable (8,549) 11,266
Change in accrued liabilities (13,751) (8,310)
Change in income tax payable 16,461 (4,100)
Change in other operating liabilities (2,316) (1,918)
Net cash flows provided by operating activities 72,317 68,196
Cash flows from investing activities    
Acquisitions, net of cash received (13,269)  
Purchases of property, plant and equipment (38,542) (17,179)
Proceeds from sale of property, plant and equipment 188 886
Proceeds from short-term investments 3,046 2,085
Purchases of short-term investments (5,998) (4,364)
Other (311) 8,173
Net cash and cash equivalents used in investing activities (54,886) (10,399)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 37,782 2,820
Repayments of lines of credit and short-term debt (26,883) (75,696)
Proceeds from long-term debt 45,000 215,000
Repayments of long-term debt (123,545) (179,361)
Net proceeds from issuance of common stock 84 754
Repayment of and proceeds from finance lease obligation (61) (141)
Taxes paid related to net share settlement (8,032) (9,293)
Capital contribution from noncontrolling interests 3 1,003
Other (207) (499)
Net cash and cash equivalents used in provided by financing activities (75,859) (45,413)
Effect of exchange rate changes on cash and cash equivalents (2,385) (1,812)
Change in cash and cash equivalents, including restricted cash (60,813) 10,572
Cash and cash equivalents, beginning of period, including restricted cash 366,818 320,529
Cash and cash equivalents, end of period, including restricted cash 306,005 331,101
Supplemental Cash Flow Information    
Interest paid during the period 878 2,704
Taxes paid during the period 476 12,284
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment $ 22,904 $ 7,960