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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 41,788 $ 68,439
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions    
Depreciation 45,685 45,409
Amortization of intangible assets 8,242 9,020
Share-based compensation expense 12,394 9,775
Deferred income taxes (2,317) (74)
Other 1,084 (696)
Changes in operating assets:    
Change in accounts receivable (7,573) (11,993)
Change in inventory (19,770) 577
Change in other operating assets 7,422 (6,412)
Changes in operating liabilities:    
Change in accounts payable 16,767 (7,036)
Change in accrued liabilities (6,429) 4,454
Change in income tax payable (10,159) 1,247
Change in other operating liabilities (400) (2,222)
Net cash flows provided by operating activities 86,734 110,488
Cash flows from investing activities    
Acquisitions, net of cash received 591 (33,029)
Purchases of property, plant and equipment (30,728) (50,698)
Proceeds from maturity of short-term investments 6,186 9,843
Purchases of short-term investments (5,051) (9,000)
Additional acquisition of noncontrolling interest (6,130)  
Other 1,084 367
Net cash and cash equivalents used in investing activities (34,048) (82,517)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 53,647 6,769
Repayments of line of credit and short-term debt (3,498) (1,461)
Taxes paid related to net share settlement (5,405) (1,595)
Proceeds from long-term debt 589,331 161,237
Repayments of long-term debt (390,334) (203,385)
Net proceeds from issuance of common stock 1,066 6,706
Repayment of and proceeds from finance lease obligation (445) (588)
Dividend distribution to noncontrolling interests (108) (1,180)
Other (2,470) 542
Net cash and cash equivalents (used in) provided by financing activities 241,784 (32,955)
Effect of exchange rate changes on cash and cash equivalents 644 (35)
Change in cash and cash equivalents, including restricted cash 295,114 (5,019)
Cash and cash equivalents, beginning of period, including restricted cash 259,507 241,833
Cash and cash equivalents, end of period, including restricted cash 554,621 236,814
Supplemental Cash Flow Information    
Interest paid during the period 1,746 4,107
Taxes paid during the period 21,743 23,199
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment 7,569 14,234
Dividend payable to noncontrolling interest $ 1,454 $ 1,400