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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (16,567) $ 471,323
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 93,864 89,681
Amortization 24,721 11,941
Deferred income tax expense 2,346 11,500
Equity income of unconsolidated entities, net (176) (151)
Dividends from unconsolidated entities 0 125
Gain on sale from discontinued business (18,371) (527,980)
Loss on early extinguishment of debt 0 5,314
Other, net (336) 2,187
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:    
Accounts receivable 26,308 (12,395)
Increase (Decrease) in Income Taxes Receivable (11,168) 0
Inventories (11,801) (43,477)
Contract assets (26,775) (5,269)
Right-of-use assets 18,195 11,204
Accounts payable (1,488) 5,615
Accrued interest payable (9,984) 7,398
Accrued compensation 1,795 (12,802)
Advances on contracts 19,145 (17,067)
Operating lease liabilities (17,864) (10,919)
Retirement plan liabilities, net (23,902) (18,800)
Income taxes payable - Gain on sale of discontinued businesses (10,342) 102,940
Other assets and liabilities 4,676 (20,339)
Net cash provided by operating activities 42,276 50,029
Cash flows from investing activities:    
Purchases of property, plant and equipment (79,096) (147,071)
Purchases of businesses, net of cash acquired (432,855) (623,495)
Proceeds from Divestiture of Businesses 37,219 599,685
Proceeds from sales of assets 4,473 7,560
Expenditures for intangible assets (169) (1,246)
Net proceeds from settlement of foreign currency forward exchange contracts 536 1,453
Payments for interest rate swap terminations 0 (2,758)
Other investing activities, net (197) 0
Net cash used by investing activities (470,089) (165,872)
Cash flows from financing activities:    
Short-term borrowings, net 1,712 (1,417)
Current maturities and long-term debt:    
Additions 580,903 781,987
Reductions (111,999) (604,616)
Dividends paid to noncontrolling interests 0 (3,103)
Sale of noncontrolling interests 0 4,026
Common stock acquired for treasury 0 (25,752)
Stock-based compensation - Employee taxes paid (4,188) (11,202)
Payment of contingent consideration (2,342) 0
Deferred financing costs (1,928) (11,073)
Other financing activities, net (1,368) 0
Net cash provided by financing activities 460,790 128,850
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (6,567) (2,234)
Net increase in cash and cash equivalents, including restricted cash 26,410 10,773
Cash and cash equivalents, including restricted cash, at beginning of period 59,732 67,146
Cash and cash equivalents, including restricted cash, at end of period 86,142 77,919
Change in accrual for purchases of property, plant and equipment included in accounts payable $ 3,060 $ 5,917