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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net earnings $ 8,079,640 $ 7,122,370 $ 836,028
Adjustments:      
Depreciation 826,692 735,406 702,110
Amortization 234,942 129,157 83,356
Stock-based compensation 136,834 135,775 73,853
Deferred income taxes (46,849) 11,665 162,836
Distributions from affiliates 57,071 200 10,521
Equity in (earnings) losses of unconsolidated subsidiaries (10,714) (103,068) 10,533
Losses and impairments of assets 101,756 62,161 613,640
Changes in assets and liabilities (exclusive of acquisitions and dispositions):      
Accounts receivable 501,225 (1,392,084) (129,290)
Inventories 962,424 (2,307,336) 284,081
Accounts payable (496,234) 383,428 250,561
Federal income taxes (337,359) 313,679 (197,275)
Salaries, wages and related accruals 155,005 997,034 (41,169)
Other operating activities (92,379) 142,389 37,092
Cash provided by operating activities 10,072,054 6,230,776 2,696,877
Investing activities:      
Capital expenditures (1,947,897) (1,621,989) (1,543,219)
Investment in and advances to affiliates (258) (237) (44,427)
Sale of business 99,681    
Disposition of plant and equipment 32,277 19,401 40,933
Acquisitions (net of cash acquired) (3,553,191) (1,426,424) (88,071)
Purchases of investments (913,898) (493,889) (488,517)
Proceeds from the sale of investments 590,173 648,887 392,178
Other investing activities (9,596) 399 (33,171)
Cash used in investing activities (5,702,709) (2,873,852) (1,764,294)
Financing activities:      
Net change in short-term debt (58,642) 49,817 (4,538)
Proceeds from issuance of long-term debt, net of discount 2,091,934 196,990 1,237,635
Repayment of long-term debt (1,111,000)   (97,150)
Premium on debt exchange     (180,383)
Bond issuance costs (13,138)   (6,250)
Proceeds from exercise of stock options 22,852 145,255 11,846
Payment of tax withholdings on certain stock-based compensation (64,079) (73,260) (19,102)
Distributions to noncontrolling interests (332,293) (150,700) (115,508)
Cash dividends (533,589) (483,469) (491,655)
Acquisition of treasury stock (2,762,568) (3,276,088) (39,499)
Proceeds from government incentives 275,000    
Other financing activities (25,340) (11,424) (9,542)
Cash (used in) provided by financing activities (2,510,863) (3,602,879) 285,854
Effect of exchange rate changes on cash (5,920) (316) 1,887
Increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents 1,852,562 (246,271) 1,220,324
Cash and cash equivalents and restricted cash and cash equivalents - beginning of year 2,508,658 2,754,929 1,534,605
Cash and cash equivalents and restricted cash and cash equivalents - end of year 4,361,220 2,508,658 2,754,929
Non-cash investing activity:      
Change in accrued plant and equipment purchases $ 4,568 $ 78,375 $ (16,103)