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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net income $ 33,109 $ 15,051
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation, depletion and amortization 48,517 49,968
Gain on sales of property and equipment (2,090) (6,891)
Change in deferred income taxes 14,967 1,795
Stock-based compensation 6,962 8,933
Equity in net income from unconsolidated joint ventures (29,465) (27,001)
Changes in assets and liabilities:    
Receivables (148,791) (103,913)
Costs and estimated earnings in excess of billings, net 3,621 (44,126)
Inventories 8,631 (12,131)
Contributions to unconsolidated construction joint ventures (55,394) (24,797)
Distributions from unconsolidated construction joint ventures 41,558 46,991
Other assets, net 5,719 5,455
Accounts payable 48,034 43,710
Accrued expenses and other current liabilities, net 16,493 123
Net cash used in operating activities (8,129) (46,833)
Investing Activities    
Purchases of marketable securities (54,961) (49,975)
Maturities of marketable securities 26,700 40,000
Proceeds from called marketable securities 45,000 25,000
Purchases of property and equipment (26,144) (37,471)
Proceeds from sales of property and equipment 3,439 12,257
Other investing activities, net 598 (1,109)
Net cash used in investing activities (5,368) (11,298)
Financing Activities    
Cash dividends paid (15,326) (15,229)
Purchases of common stock (3,325) (4,751)
(Distributions to) contributions from non-controlling partners, net (1,740) 15,156
Other financing activities, net (288) 1,008
Net cash used in financing activities (20,679) (3,816)
Decrease in cash and cash equivalents (34,176) (61,947)
Cash and cash equivalents at beginning of period 255,961 229,121
Cash and cash equivalents at end of period 221,785 167,174
Cash paid during the period for:    
Interest 7,787 6,911
Income taxes 450 2,293
Other non-cash operating activities:    
Performance guarantees (10,700) 21,332
Non-cash investing and financing activities:    
Restricted stock units issued, net of forfeitures 5,924 6,862
Accrued cash dividends 5,119 5,090
Accrued equipment purchases $ 3,245 $ (671)