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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net earnings $ 496,084 $ 815,790 $ 585,529
Adjustments:      
Depreciation 625,757 652,000 535,852
Amortization 74,260 72,423 74,356
Stock-based compensation 45,794 46,384 47,450
Deferred income taxes (82,518) 90,864 56,564
Distributions from affiliates 15,132 53,738 8,708
Equity in earnings of unconsolidated affiliates (5,329) (13,505) (9,297)
Impairments and losses on assets 244,833 25,393 14,000
Changes in assets and liabilities (exclusive of acquisitions and dispositions):      
Accounts receivable 655,489 (179,181) (103,649)
Inventories 593,830 (45,963) (298,074)
Accounts payable (438,788) (111,859) 39,489
Federal income taxes 62,656 (111,687) 77,950
Salaries, wages and related accruals (56,267) 67,973 7,155
Other operating activities (73,890) (19,472) 41,916
Cash provided by operating activities 2,157,043 1,342,898 1,077,949
Investing activities:      
Capital expenditures (374,123) (667,982) (1,196,952)
Investment in and advances to affiliates (80,409) (97,841) (85,053)
Repayment of advances to affiliates   122,000 54,500
Disposition of plant and equipment 29,390 36,563 34,097
Acquisitions (net of cash acquired) (19,089) (768,581)  
Purchases of investments (111,927) (100,000) (19,349)
Proceeds from the sale of investments 111,452 27,529 92,761
Proceeds from the sale of restricted investments     148,725
Changes in restricted cash     126,438
Other investing activities 3,010 10,250 4,863
Cash used in investing activities (441,696) (1,438,062) (839,970)
Financing activities:      
Net change in short-term debt (155,816) 178,308 (671)
Repayment of long-term debt (16,300) (5,358) (250,000)
Proceeds from issuance of long-term debt, net of discount     999,100
Bond issuance costs     (7,625)
Issuance of common stock 424 5,614  
Excess tax benefits from stock-based compensation 2,000 3,400 2,955
Distributions to noncontrolling interests (71,938) (63,705) (76,798)
Cash dividends (479,432) (475,123) (471,028)
Acquisition of treasury stock (66,505) 0 0
Other financing activities (2,184) (2,183) 111
Cash (used in) provided by financing activities (789,751) (359,047) 196,044
Effect of exchange rate changes on cash (10,271) (4,897) (3,633)
Increase (decrease) in cash and cash equivalents 915,325 (459,108) 430,390
Cash and cash equivalents-beginning of year 1,024,144 1,483,252 1,052,862
Cash and cash equivalents-end of year 1,939,469 1,024,144 1,483,252
Non-cash investing activity:      
Change in accrued plant and equipment purchases $ (9,355) $ (99,115) $ 33,467