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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 69,174 $ 106,561
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions    
Depreciation 68,168 68,533
Amortization of intangible assets 12,249 13,539
Share-based compensation expense 18,684 15,364
Deferred income taxes (10,232) (612)
Other 1,235 (976)
Changes in operating assets:    
Accounts receivable 602 (29,868)
Inventory (20,535) (9,062)
Other operating assets 2,903 (3,452)
Changes in operating liabilities:    
Accounts payable 3,886 236
Accrued liabilities (6,821) 10,206
Income tax payable (11,013) 9,853
Other operating liabilities (1,865) (2,617)
Net cash flows provided by operating activities 126,435 177,705
Cash flows from investing activities    
Acquisitions, net of cash received 591 (33,029)
Purchases of property, plant and equipment (48,497) (76,128)
Proceeds from maturity of short-term investments 7,723 15,332
Purchases of short-term investments (5,858) (15,921)
Additional acquisition of noncontrolling interest (6,130)  
Other 395 (430)
Net cash and cash equivalents used in investing activities (51,776) (110,176)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 60,647 9,954
Repayments of line of credit and short-term debt (3,667) (3,067)
Taxes paid related to net share settlement (8,243) (4,383)
Proceeds from long-term debt 726,363 278,237
Repayments of long-term debt (477,659) (372,976)
Net proceeds from issuance of common stock 1,977 7,208
Repayment of and proceeds from finance lease obligation (671) (912)
Dividend distribution to noncontrolling interests (1,565) (2,577)
Other (2,502) 1,524
Net cash and cash equivalents provided by (used in) financing activities 294,680 (86,992)
Effect of exchange rate changes on cash and cash equivalents 10,988 (2,614)
Change in cash and cash equivalents, including restricted cash 380,327 (22,077)
Cash and cash equivalents, beginning of period, including restricted cash 259,507 241,833
Cash and cash equivalents, end of period, including restricted cash 639,834 219,756
Supplemental Cash Flow Information    
Interest paid during the period 6,434 5,781
Taxes paid during the period 42,928 24,422
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment $ 8,906 $ 13,261