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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net earnings (loss) $ (29,755) $ 325,513 $ 430,483
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 210,645 184,373 163,991
Gain on disposal of property and equipment (1,969) (554) (455)
Inventory write-offs for obsolescence 37,245 37,426 26,898
Impairment of goodwill 66,487 0 0
Pensions and other postretirement benefits, net of contributions (6,036) (9,559) (615)
Stock compensation expense 20,921 16,532 6,545
Loss on early extinguishment of debt 0 18,874 0
Deferred income taxes (23,514) 36,783 38,677
Other operating activities 20,416 9,442 835
Change in U.S. transition tax liability (37,622) (27,670) (14,757)
Change in repatriation tax liability (15,000) (63,600) (25,201)
Net change in operating assets and liabilities, net of effects of businesses acquired (68,116) (161,857) (142,113)
Net cash provided by operating activities 173,702 365,703 484,288
Investing activities      
Capital expenditures (320,079) (329,410) (325,308)
Proceeds from sale of property and equipment 3,015 1,156 1,198
Purchases of and deposits for businesses, net of cash acquired (216,024) (13,753) (50,000)
Purchase of short-term investments (145,327) (117,523) (285,956)
Maturity of short-term investments 164,983 387,898 132,901
Other investing activities 970 (1,219) (1,766)
Net cash used in investing activities (512,462) (72,851) (528,931)
Financing activities      
Proceeds from long-term borrowings 0 750,000 0
Repurchase of convertible senior notes due 2025 (52,960) (386,745) 0
Net proceeds (payments) on revolving credit facility 136,000 (42,000) 42,000
Debt issuance and amendment costs (1,062) (26,823) 0
Cash paid for capped call 0 (94,200) 0
Repurchase of common stock held in treasury (50,406) (78,684) (82,972)
Distributions to noncontrolling interests (2,500) (867) (741)
Acquisition of noncontrolling interests (5,500) 0 0
Cash withholding taxes paid when shares withheld for vested equity awards (4,303) (3,994) (2,123)
Net cash provided by (used in) financing activities (35,403) 61,061 (101,023)
Effect of exchange rate changes on cash and cash equivalents (8,270) 7,981 (17,617)
Net increase (decrease) in cash and cash equivalents (382,433) 361,894 (163,283)
Cash and cash equivalents at beginning of year 972,719 610,825 774,108
Cash and cash equivalents at end of year 590,286 972,719 610,825
Common Stock [Member]      
Financing activities      
Dividends paid (49,833) (50,787) (52,348)
Class B Convertible Common Stock [Member]      
Financing activities      
Dividends paid $ (4,839) $ (4,839) $ (4,839)