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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (87,926) $ (180,866)
Non-cash items included in net loss:    
Depreciation and amortization 68,655 60,114
Drydock amortization 15,567 14,179
Stock-based compensation charges 14,387 15,492
Net periodic pension benefit cost 9,245 (955)
Equity in loss of unconsolidated affiliates 5,647 12,967
Gain on foreign currency-net (143) (10,838)
Restructuring activity (2,235) 12,940
Gains on asset disposals (57,026) (15,492)
Benefit for deferred taxes (4,175) (3,761)
Other non-cash items 6,406 280
Changes in assets and liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable 44,368 50,206
Net contracts in progress and advance billings on contracts 10,353 44,601
Accounts payable (99,588) (27,953)
Accrued and other current liabilities (16,200) 3,038
Pension liability and accrued postretirement and employee benefits 1,180 (29,196)
Derivative instruments and hedging activities 1,671 (46,270)
Other assets and liabilities (22,484) (66,596)
TOTAL CASH USED IN OPERATING ACTIVITIES (112,298) (168,110)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (216,526) (225,397)
Increase in restricted cash and cash equivalents (215,663) (372)
Purchases of available-for-sale securities (1,997) (9,886)
Sales and maturities of available-for-sale securities 12,903 39,210
Proceeds from the sale and disposal of assets 70,252 37,189
Other investing activities (5,076) (8,503)
TOTAL CASH USED IN INVESTING ACTIVITIES (356,107) (167,759)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from 8.00% 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 170  
Payments - long term debt (39,542)  
Borrowings - short term debt 250,000 80,000
Payments - short term debt (250,000) (88,567)
Debt issuance costs (46,914)  
Distributions to noncontrolling interests (5,002) (12,493)
Other financing activities (1,707) (1,033)
TOTAL CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 994,505 (22,093)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH (851) 185
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 525,249 (357,777)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 118,702 640,147
CASH AND CASH EQUIVALENTS AT END OF PERIOD 643,951 282,370
Cash paid during the period for:    
Income taxes (net of refunds) 21,273 90,462
Interest expense (net of amount capitalized) $ 9,136