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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (49,417) $ 24,318
Non-cash items included in net income (loss):    
Depreciation and amortization 24,602 20,222
Drydock amortization 6,946 5,550
Restructuring charges 675  
Equity in (earnings) loss of unconsolidated affiliates (1,123) 4,131
Gain on asset disposals (6,439) (14,716)
Benefit for deferred taxes (2,628) 5,332
Stock-based compensation charges 4,387 3,923
Net periodic pension benefit cost 2,854 642
Other non-cash items 2,331 1,749
Changes in assets and liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable 26,365 (6,573)
Net contracts in progress and advance billings on contracts (5,974) (19,935)
Accounts payable 32,727 (125,234)
Accrued and other current liabilities 15,046 (20,774)
Pension liability and accrued postretirement and employee benefits 5,880 (19,657)
Other assets and liabilities (78,560) (46,093)
TOTAL CASH USED IN OPERATING ACTIVITIES (22,328) (187,115)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (37,893) (37,649)
Increase in restricted cash and cash equivalents (19,634) (3,826)
Purchases of available-for-sale securities (1,997) (3,744)
Sales and maturities of available-for-sale securities 10,055 31,193
Proceeds from the sale and disposal of assets 8,370 35,621
Other investing activities (1,950) (4,596)
TOTAL CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (43,049) 16,999
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short term debt 250,000  
Payment of debt (31,373) (1,494)
Distributions to noncontrolling interests (502) (6,200)
Debt issuance cost and other financing activities (3,356) (1,015)
TOTAL CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 214,769 (8,709)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH 36 213
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 149,428 (178,612)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 118,702 640,147
CASH AND CASH EQUIVALENTS AT END OF PERIOD 268,130 461,535
Cash paid during the period for:    
Income taxes (net of refunds) $ 11,668 $ 25,916