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Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net earnings $ 386,444 $ 368,360
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 30,949 29,348
Amortization 42,008 36,877
Deferred tax benefit (6,990) (17,963)
Share-based compensation 13,248 13,283
Increase (decrease) in cash resulting from changes in:    
Trade accounts receivable, net 49,084 23,096
Inventories (11,421) (17,494)
Other current assets (8,733) (7,713)
Trade accounts payable (40,874) (45,659)
Taxes payable 19,117 16,658
Increase (Decrease) in Other Operating Assets and Liabilities, Net 998 2,948
Net cash provided by operating activities 473,830 401,741
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 3,046 1,248
Purchase of property, plant and equipment (57,428) (71,627)
Acquisitions (6,242) (2,004)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (9,421) (4,099)
Net cash used in investing activities (70,045) (76,482)
Cash flows from financing activities:    
Proceeds from borrowings 1,148,360 807,711
Repayments of borrowings (1,231,191) (660,795)
Proceeds from stock option exercises 26,194 37,916
Repurchases of common stock (399,999) (558,749)
Payment for Contingent Consideration Liability, Financing Activities 0 (10,000)
Proceeds from (Payments for) Other Financing Activities (800) 1,753
Net cash used in financing activities (457,436) (382,164)
Effect of exchange rate changes on cash and cash equivalents (448) (671)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (54,099) (57,576)
Cash and cash equivalents:    
Beginning of period 207,785 178,110
End of period $ 153,686 $ 120,534