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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income attributable to Wabtec shareholders $ 184,648 $ 197,668
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 33,093 31,612
Stock-based compensation expense 9,673 14,989
Loss on disposal of property, plant and equipment 378 420
Excess income tax benefits from exercise of stock options 0 (1,388)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable (2,171) (35,788)
Inventories (10,893) (25,536)
Accounts payable (13,757) (25,015)
Accrued income taxes 2,913 19,185
Accrued liabilities and customer deposits 3,505 (27,089)
Other assets and liabilities 6,587 (38,132)
Net cash provided by operating activities 213,976 110,926
Investing Activities    
Purchase of property, plant and equipment (19,104) (20,860)
Proceeds from disposal of property, plant and equipment 165 178
Acquisitions of businesses, net of cash acquired (21,263) (100,108)
Net cash used for investing activities (40,202) (120,790)
Financing Activities    
Proceeds from debt 230,000 174,300
Payments of debt (175,499) (294,589)
Purchase of treasury stock (133,738) 0
Proceeds from exercise of stock options and other benefit plans 651 1,409
Excess income tax benefits from exercise of stock options 0 1,388
Payment of income tax withholding on share-based compensation (9,006) (14,565)
Cash dividends (14,565) (11,580)
Net cash used for financing activities (102,157) (143,637)
Effect of changes in currency exchange rates 5,127 (7,504)
Increase (Decrease) in cash 76,744 (161,005)
Cash, beginning of period 226,191 425,849
Cash, end of period $ 302,935 $ 264,844