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Consolidated Statement of Cash Flows (Tables)
12 Months Ended
Dec. 31, 2017
Consolidated Statement of Cash Flows [Abstract]  
Changes in Other Components of Working Capital



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year Ended December 31,

(in thousands)

2017

 

2016

 

2015

(Increase) Decrease in:

 

 

 

 

 

 

 

 

Accounts receivable

$

(57,609)

 

$

(269,900)

 

$

4,734 

Costs and estimated earnings in excess of billings

 

(100,932)

 

 

73,349 

 

 

(178,774)

Other current assets

 

(19,718)

 

 

39,480 

 

 

(38,616)

(Decrease) Increase in:

 

 

 

 

 

 

 

 

Accounts payable

 

(32,225)

 

 

56,552 

 

 

139,290 

Billings in excess of costs and estimated earnings

 

125,757 

 

 

42,926 

 

 

(30,985)

Accrued expenses

 

24,513 

 

 

(32,937)

 

 

(24,426)

Changes in other components of working capital

$

(60,214)

 

$

(90,530)

 

$

(128,777)



 

 

 

 

 

 

 

 

Cash paid during the year for:

 

 

 

 

 

 

 

 

Interest

$

50,443 

 

$

47,403 

 

$

45,055 

Income taxes

$

39,776 

 

$

26,908 

 

$

35,299