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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (58,548) $ (121,819)
Non-cash items included in net loss:    
Depreciation and amortization 46,247 39,318
Drydock amortization 9,966 9,931
Stock-based compensation charges 10,352 10,110
Net periodic pension benefit cost 6,164 (641)
Equity in loss of unconsolidated affiliates 2,199 9,592
Restructuring activity (982) 12,104
Gain on asset disposals (52,208) (14,729)
Benefit for deferred taxes (4,375) (4,314)
Gain on foreign currency (2,540) (6,378)
Other non-cash items 374 321
Changes in assets and liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable 86,305 54,106
Net contracts in progress and advance billings on contracts (88,771) (4,051)
Accounts payable (31,756) 24,413
Accrued and other current liabilities (9,706) (23,299)
Pension liability and accrued postretirement and employee benefits 9,563 (25,973)
Derivative instruments and hedging activities (26,153) (71,013)
Other assets and liabilities 10,958 15,840
TOTAL CASH USED IN OPERATING ACTIVITIES (92,911) (96,482)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (154,957) (144,475)
Increase in restricted cash and cash equivalents (166,219) (6,370)
Purchases of available-for-sale securities (1,997) (8,637)
Sales and maturities of available-for-sale securities 11,303 34,031
Proceeds from the sale and disposal of assets 53,704 35,672
Other investing activities (5,076) (6,939)
TOTAL CASH USED IN INVESTING ACTIVITIES (263,242) (96,718)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from 8% senior Notes 500,000  
Proceeds from term Loan 300,000  
Proceeds from prepaid common stock purchase contracts issuance 240,044  
Proceeds from amortizing notes issuance 47,456  
Issuance of common stock 169 45
Payments - long term debt (35,705) (7,073)
Borrowings - short term debt 250,000  
Payments - short term debt (250,000)  
Debt issuance costs (45,521)  
Distributions to noncontrolling interests (3,754) (11,243)
Other financing activities (1,413) (1,083)
TOTAL CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 1,001,276 (19,354)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH 209 118
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 645,332 (212,436)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 118,702 640,147
CASH AND CASH EQUIVALENTS AT END OF PERIOD 764,034 427,711
Cash paid during the period for:    
Income taxes (net of refunds) 17,162 72,363
Interest expense (net of amount capitalized) $ 10,884