XML 57 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net loss $ (1,083) $ (40,363)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 30,464 35,839
Gain on sales of property and equipment (5,974) (8,252)
Stock-based compensation 5,913 6,885
Gain on company owned life insurance (536) (1,748)
Changes in assets and liabilities, net of the effects of consolidations:    
Receivables (36,910) (16,396)
Costs and estimated earnings in excess of billings, net (39,391) (57,152)
Inventories (13,709) (2,729)
Real estate held for development and sale (1,159) (6,245)
Equity in construction joint ventures (12,937) (5,491)
Other assets, net 5,680 12,691
Accounts payable 49,964 42,066
Accrued expenses and other liabilities, net 2,942 1,977
Net cash used in operating activities (16,736) (38,918)
Investing Activities    
Purchases of marketable securities (65,287) (60,073)
Maturities of marketable securities 58,375 24,900
Proceeds from sale of marketable securities 19,268 10,000
Proceeds from company owned life insurance 0 2,078
Additions to property and equipment (27,542) (21,809)
Proceeds from sales of property and equipment 10,266 11,936
Purchase of private preferred stock (50) (6,400)
Other investing activities, net 170 (869)
Net cash used in investing activities (4,800) (40,237)
Financing Activities    
Long-term debt principal payments (16,151) (18,155)
Cash dividends paid (10,061) (10,067)
Purchase of common stock (3,662) (3,434)
Distributions to noncontrolling partners, net (11,616) (19,797)
Other financing activities 1,073 102
Net cash used in financing activities (40,417) (51,351)
Decrease in cash and cash equivalents (61,953) (130,506)
Cash and cash equivalents at beginning of period 252,022 338,956
Cash and cash equivalents at end of period 190,069 208,450
Cash paid during the period for:    
Interest 8,812 9,706
Income taxes 240 308
Non-cash investing and financing activities:    
Restricted stock/units issued, net of forfeitures 4,598 6,908
Accrued cash dividends 5,027 5,043
Debt payments from sale of assets $ 3,277 $ 4,400