XML 27 R7.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 136,920 $ 115,069
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 82,968 75,703
Amortization 12,388 5,573
Stock based compensation 12,978 10,903
Provision for (recovery of) doubtful accounts 312 196
(Gain) loss on disposition of fixed assets 368 (1,036)
Deferred income taxes 679 (4,027)
Defined benefit plan expense 7,699 9,688
Equity in results of affiliates 86 85
Changes in balance sheet items, excluding effects from acquisitions and foreign currency adjustments:    
Accounts and other receivables (28,772) (92,388)
Inventories (18,503) (30,787)
Prepaid and other current assets 546 4,038
Accounts payable and accrued liabilities 14,590 61,727
Income taxes payable 1,840 10,541
Retirement and deferred compensation plan liabilities (4,652) (3,356)
Other changes, net 1,693 (7,420)
Net Cash Provided by Operations 221,140 154,509
Cash Flows from Investing Activities:    
Capital expenditures (124,774) (91,753)
Proceeds from sale of property, plant and equipment 1,082 3,961
Insurance proceeds   10,631
Acquisition of business, net of cash acquired (49,131) (3,510)
Acquisition of intangible assets (602) (124)
Investment in equity securities   (10,000)
Proceeds from sale of investment in equity securities 16,487  
Notes receivable, net (220) 109
Net Cash Used by Investing Activities (157,158) (90,686)
Cash Flows from Financing Activities:    
Proceeds from notes payable 31,022 8,815
Repayments of notes payable (35,490) (5,256)
Proceeds and repayments of short term credit facility, net (38,685)  
Proceeds from long-term obligations 10,446 4,617
Repayments of long-term obligations (6,546) (5,403)
Dividends paid (44,138) (39,810)
Proceeds from stock option exercises 70,712 46,420
Purchase of treasury stock (19,096) (3,905)
Common stock repurchased and retired   (57,787)
Net Cash Provided (Used) by Financing Activities (31,775) (52,309)
Effect of Exchange Rate Changes on Cash 3,920 (6,063)
Net Increase (Decrease) in Cash and Equivalents and Restricted Cash 36,127 5,451
Cash and Equivalents and Restricted Cash at Beginning of Period 266,823 712,640
Cash and Equivalents and Restricted Cash at End of Period $ 302,950 $ 718,091