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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income$ 152,019$ 151,719
Income from discontinued operations, net of tax1540
Income from continuing operations151,865151,719
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation, depletion and amortization256,861245,066
Earnings, net of distributions, from equity method investments(314)(2,502)
Deferred income taxes79,98571,322
Changes in current assets and liabilities, net of acquisitions:  
Receivables(57,829)(57,074)
Inventories(21,004)(12,565)
Other current assets2,976(32,122)
Accounts payable(8,037)19,782
Other current liabilities31,592(147)
Other noncurrent changes(23,908)(11,959)
Net cash provided by continuing operations412,187371,520
Net cash used in discontinued operations(572)0
Net cash provided by operating activities411,615371,520
Investing activities:  
Capital expenditures(339,461)(340,221)
Acquisitions, net of cash acquired(157)(106,548)
Net proceeds from sale or disposition of property23,58416,496
Investments(9,768)1,106
Net cash used in continuing operations(325,802)(429,167)
Net cash provided by discontinued operations00
Net cash used in investing activities(325,802)(429,167)
Financing activities:  
Issuance of short-term borrowings04,700
Repayment of short-term borrowings(20,000)(10,300)
Issuance of long-term debt30017,799
Repayment of long-term debt(83,805)(7,545)
Proceeds from issuance of common stock5,7442,735
Dividends paid(92,473)(89,347)
Excess tax benefit on stock-based compensation1,248721
Net cash used in continuing operations(188,986)(81,237)
Net cash provided by discontinued operations00
Net cash used in financing activities(188,986)(81,237)
Effect of exchange rate changes on cash and cash equivalents(199)55
Decrease in cash and cash equivalents(103,372)(138,829)
Cash and cash equivalents -- beginning of year222,074175,114
Cash and cash equivalents -- end of period$ 118,702$ 36,285