XML 76 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Consolidated net earnings $ 480,918 $ 375,896
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:    
Depreciation, depletion and amortization 276,974 253,200
Stock-based compensation expense 28,414 23,084
Gain on divestitures and sales of assets (4,950) (35,167)
Deferred income taxes 18,352 68,833
Other items, net 11,422 (2,107)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable, net (240,602) (132,176)
Inventories, net 13,573 (8,015)
Accounts payable 65,897 42,995
Other assets and liabilities, net (200) (145,005)
Net Cash Provided by Operating Activities 649,798 441,538
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (282,998) (262,155)
Acquisitions, net   (1,640,698)
Proceeds from divestitures and sales of assets 6,981 63,460
Payment of railcar construction advances   (56,033)
Reimbursement of railcar construction advances   56,033
Investments in life insurance contracts, net 559 771
Other investing activities, net (1,214)  
Net Cash Used for Investing Activities (276,672) (1,838,622)
Cash Flows from Financing Activities:    
Borrowings of debt 245,000 875,000
Repayments of debt (445,042) (695,039)
Payments of deferred acquisition consideration   (6,707)
Payments on financing leases (2,651)  
Payments on capital leases   (2,589)
Debt issuance costs   (3,194)
Distributions to owners of noncontrolling interest (600)  
Repurchases of common stock (57,288) (60,377)
Dividends paid (95,227) (86,190)
Proceeds from exercise of stock options 12,295 6,993
Shares withheld for employees' income tax obligations (25,418) (10,416)
Purchase of remaining interest in existing joint venture   (12,800)
Net Cash (Used for) Provided by Financing Activities (368,931) 4,681
Net Increase (Decrease) in Cash and Cash Equivalents 4,195 (1,392,403)
Cash and Cash Equivalents, beginning of period 44,892 1,446,364
Cash and Cash Equivalents, end of period $ 49,087 $ 53,961