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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 217,423 $ 151,355 $ 227,712
(Income) loss from discontinued operations, net of tax (3,497) 12,812 34,900
Income from continuing operations 213,926 164,167 262,612
Non-cash items included in net income:      
Depreciation and amortization 86,440 82,391 76,452
Equity in loss of unconsolidated affiliates 16,719 4,985 7,594
Gains on asset disposals (405) (8,478) (2,440)
Loss on asset impairments   5,488 24,660
Provision for deferred taxes 3,847 1,650 1,830
Stock-based compensation charges 15,369 17,825 16,458
Other non-cash items 8,367 18,096 13,307
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable (5,920) (152,840) (6,457)
Net contracts in progress and advance billings on contracts (351,604) (151,157) 182,472
Accounts payable 84,430 71,291 (38,536)
Accrued and other current liabilities 36,922 56,049 40,110
Income taxes 22,832 17,138 84,269
Pension liability and accrued postretirement and employee benefits 36,897 (83,263) (106,338)
Other 16,419 29,537 (197,871)
NET CASH PROVIDED BY OPERATING ACTIVITIES-CONTINUING OPERATIONS 209,784 97,446 384,327
NET CASH USED IN OPERATING ACTIVITIES-DISCONTINUED OPERATIONS   (1,426) (44,153)
TOTAL CASH PROVIDED BY OPERATING ACTIVITIES 209,784 96,020 340,174
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (286,310) (282,621) (186,862)
(Increase) decrease in restricted cash and cash equivalents 3,846 175,899 (142,853)
Purchases of available-for-sale securities (95,964) (546,822) (1,491,329)
Sales and maturities of available-for-sale securities 191,298 693,424 1,363,803
Investments in unconsolidated affiliates (5,084) (1,058) (32,550)
Proceeds from asset dispositions and other investing activities 3,291 9,943 2,870
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES-CONTINUING OPERATIONS (188,923) 48,765 (486,921)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES-DISCONTINUED OPERATIONS 60,671   (65,084)
TOTAL CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (128,252) 48,765 (552,005)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from debt 19,034 46,987 3,423
Payment of debt (10,061) (8,606) (8,540)
Purchase of treasury shares (2,898) (10,092) (15,715)
Cash contribution from The Babcock & Wilcox Company     100,000
Distributions to noncontrolling interests (20,135) (2,524)  
Debt issuance costs and other financing activities 267 (4,476) (3,076)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES-CONTINUING OPERATIONS (13,793) 21,289 76,092
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES-DISCONTINUED OPERATIONS   1,426 (109,600)
TOTAL CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (13,793) 22,715 (33,508)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH 1,554 (109) (80)
TRANSFER OF CASH TO THE BABCOCK & WILCOX COMPANY     (250,388)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 69,293 167,391 (495,807)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 570,854 403,463 899,270
CASH AND CASH EQUIVALENTS AT END OF PERIOD 640,147 570,854 403,463
Cash paid (received) during the period for:      
Income taxes (net of refunds) 89,451 67,970 52,946
Drydock
     
Non-cash items included in net income:      
Depreciation and amortization $ 25,545 $ 24,567 $ 26,205