XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 16,645 $ (8,228)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 64,904 61,512
Amortization 17,783 15,672
Deferred income tax benefit (6,407) (655)
Equity (income) loss of unconsolidated entities, net 195 (167)
Gain on sale from discontinued business 0 (18,371)
Loss on early extinguishment of debt 2,668 0
Other, net (2,149) (2,244)
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:    
Accounts receivable (23,484) 16,534
Inventories 15,456 (16,666)
Contract assets (37,866) (28,934)
Right-of-use assets 13,897 11,834
Accounts payable (13,491) (8,119)
Accrued interest payable (137) (2,940)
Accrued compensation 4,701 (4,767)
Advances on contracts (13,351) 35,836
Operating lease liabilities (13,506) (11,596)
Retirement plan liabilities, net (27,858) (19,026)
Income taxes payable - Gain on sale of discontinued businesses 0 3,467
Other assets and liabilities 15,530 (1,621)
Net cash provided by operating activities 13,530 21,521
Cash flows from investing activities:    
Purchases of property, plant and equipment (68,646) (51,213)
Purchases of businesses, net of cash acquired 0 (442,604)
Proceeds from Divestiture of Businesses 0 37,219
Proceeds from sales of assets 10,042 3,952
Expenditures for intangible assets (132) (42)
Proceeds from notes receivable 6,400 0
Net proceeds (payments) from settlement of foreign currency forward exchange contracts (978) 765
Other investing activities, net 133 59
Net cash used by investing activities (53,181) (451,864)
Cash flows from financing activities:    
Short-term borrowings, net 4,444 2,677
Current maturities and long-term debt:    
Additions 465,518 528,601
Reductions (413,481) (62,406)
Dividends paid to noncontrolling interests (3,094) 0
Stock-based compensation - Employee taxes paid (3,172) (4,093)
Deferred financing costs (7,828) (1,928)
Other financing activities, net (601) (1,371)
Net cash provided by financing activities 41,786 461,480
Effect of exchange rate changes on cash and cash equivalents, including restricted cash 483 (6,818)
Net increase in cash and cash equivalents, including restricted cash 2,618 24,319
Cash and cash equivalents, including restricted cash, at beginning of period 79,669 59,732
Cash and cash equivalents, including restricted cash, at end of period 82,287 84,051
Supplemental Cash Flow Information [Abstract]    
Change in accrual for purchases of property, plant and equipment included in accounts payable $ 2,158 $ 1,085