XML 52 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities    
Net loss $ (16,661) $ (4,200)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, depletion and amortization 33,988 29,573
Non-cash restructuring, net (497) (1,888)
Other non-cash impairment charges 0 2,752
Gain on sales of property and equipment (4,394) (4,871)
Stock-based compensation 8,101 6,492
Changes in assets and liabilities, net of the effects of a acquisition:    
Receivables (9,176) (20,771)
Costs and estimated earnings in excess of billings, net (24,873) (47,201)
Inventories (9,120) (16,528)
Equity in construction joint ventures (42,336) (6,792)
Other assets, net (5,957) 15,753
Accounts payable (10,548) 27,632
Accrued expenses and other current liabilities, net 29,825 (14,575)
Net cash used in operating activities (51,648) (34,624)
Investing Activities    
Purchases of marketable securities (14,975) (39,945)
Maturities of marketable securities 43,000 65,100
Proceeds from sale of marketable securities 5,000 35,000
Additions to property and equipment (19,422) (19,855)
Proceeds from sales of property and equipment 8,481 6,078
Payments of Kenny post-closing adjustments (4,621) 0
Other investing activities, net 163 (978)
Net cash provided by investing activities 17,626 45,400
Financing Activities    
Long-term debt principal payments (10,594) (10,834)
Cash dividends paid (10,078) (10,050)
Purchase of common stock (5,022) (4,054)
Contributions from Noncontrolling Partners Net 6,001 0
Distributions to Noncontrolling Interests (21,142) (5,440)
Other financing activities, net 700 563
Net cash used in financing activities (40,135) (29,815)
Decrease in cash and cash equivalents (74,157) (19,039)
Cash and cash equivalents at beginning of period 321,990 256,990
Cash and cash equivalents at end of period 247,833 237,951
Cash paid during the period for:    
Interest 7,339 7,158
Income taxes 2,006 771
Non-cash investing and financing activities:    
Restricted stock units issued, net of forfeitures 14,862 11,417
Accrued cash dividends 5,051 5,029
Debt payments out of escrow from sale of assets 0 1,109
Debt extinguishment from joint venture interest transfer 0 9,115
Debt payment from refinancing $ 0 $ 1,150