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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 245,897 $ 169,979
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions    
Depreciation 81,622 79,731
Amortization of intangible assets 11,780 12,139
Share-based compensation expense 26,724 24,925
Deferred income taxes (2,723) 635
Investment loss (gain) 15,778 (15,133)
(Gain) loss on disposal of property, plant and equipment (3,677) 69
Other (3,614) 1,137
Changes in operating assets:    
Change in accounts receivable (33,819) (27,936)
Change in inventory (51,402) (20,570)
Change in other operating assets (40,587) (16,451)
Changes in operating liabilities:    
Change in accounts payable (10,522) 32,155
Change in accrued liabilities 35,552 18,353
Change in income tax payable 23,124 4,627
Change in other operating liabilities (4,567) (2,671)
Net cash flows provided by operating activities 289,566 260,989
Cash flows from investing activities    
Acquisitions, net of cash received (85,692) (157)
Purchases of property, plant and equipment (147,927) (86,150)
Proceeds from sale of property, plant and equipment 414 3,145
Proceeds from short-term investments 5,081 5,632
Purchases of short-term investments (6,500) (6,759)
Purchase of equity securities (4,051) 0
Other 13,075 (5,010)
Net cash and cash equivalents used in investing activities (225,600) (89,299)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 56,839 16,138
Repayments of lines of credit and short-term debt (35,382) (142,873)
Proceeds from long-term debt 324,718 419,810
Repayments of long-term debt (344,390) (494,238)
Net proceeds from issuance of common stock 139 4,337
Repayment of and proceeds from finance lease obligation (61) (181)
Taxes paid related to net share settlement (12,280) (14,750)
Net changes in noncontrolling interests 2,756 1,998
Other (3,716) (500)
Net cash and cash equivalents used in provided by financing activities (11,377) (210,259)
Effect of exchange rate changes on cash and cash equivalents (33,575) 2,878
Change in cash and cash equivalents, including restricted cash 19,014 (35,691)
Cash and cash equivalents, beginning of period, including restricted cash 366,818 320,529
Cash and cash equivalents, end of period, including restricted cash 385,832 284,838
Supplemental Cash Flow Information    
Interest paid during the period 4,692 5,858
Taxes paid during the period 50,192 37,320
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment $ 36,511 $ 21,685