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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES      
Net income $ 276,005 $ 217,586 $ 312,541
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation, depletion and amortization 135,742 143,406 158,371
Non-cash cost of real estate sold 4,329 6,692 7,634
Stock-based incentive compensation expense 16,181 15,223 15,754
Gain on sale of a portion of interest in the New Zealand joint venture 0 (11,545) 0
Amortization of convertible debt discount 8,654 8,160 6,517
Deferred income taxes 2,498 14,936 (6,260)
Amortization of pension and postretirement plans 12,369 6,135 4,387
Non-cash adjustments to unrecognized tax benefit liability (16,000) 4,723 15,467
Other 5,184 (237) 3,973
Changes in operating assets and liabilities:      
Receivables (12,011) 20,774 (26,863)
Inventories (3,868) (27,693) 9,202
Accounts payable 6,347 (4,606) (12,552)
Income tax and alternative fuel mixture credit receivable 19,788 170,845 (190,694)
All other operating activities (13,739) (60,377) 17,917
Expenditures for dispositions and discontinued operations (9,209) (8,632) (8,095)
CASH PROVIDED BY OPERATING ACTIVITIES 432,270 495,390 307,299
INVESTING ACTIVITIES      
Capital expenditures (144,522) (138,449) (91,667)
Purchase of timberlands (320,899) (5,360) 0
Jesup mill cellulose specialties expansion (42,894) 0 0
Change in restricted cash 8,323 (8,231) 1,399
Other 11,378 9,384 (2,476)
CASH USED FOR INVESTING ACTIVITIES (488,614) (142,656) (92,744)
FINANCING ACTIVITIES      
Issuance of debt (Note 11) 460,000 157,000 267,500
Repayment of debt (499,057) (96,650) (307,643)
Dividends paid (185,272) (163,673) (158,218)
Proceeds from the issuance of common shares 13,451 26,314 11,115
Excess tax benefits on stock-based compensation 5,681 5,411 2,720
Purchase of exchangeable note hedge (Note 11) 0 0 (23,460)
Proceeds from issuance of warrant (Note 11) 0 0 12,506
Debt issuance costs (2,027) (561) (4,678)
Repurchase of common shares (7,909) (6,028) (1,388)
CASH USED FOR FINANCING ACTIVITIES (215,133) (78,187) (201,546)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 617 (48) 270
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents (270,860) 274,499 13,279
Balance, beginning of year 349,463 74,964 61,685
Balance, end of year 78,603 349,463 74,964
Cash paid during the year:      
Interest 38,223 39,991 41,433
Income taxes 17,509 11,776 8,824
Non-cash investing and financing activity:      
Acquisition of timberlands (Note 6) 105,000 0 0
Assumption of loan (Note 11) 105,000 0 0
Capital assets purchased on account $ 20,866 $ 12,388 $ 8,722