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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net Income $ 353,327 $ 299,968 $ 327,879
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and goodwill and other long-lived asset impairment 162,225 161,207 121,648
Amortization of lease right-of-use asset 73,752 89,956 84,185
Net pension benefit, settlement, and special separation benefit expense (91,898) (41,573) (137,909)
Gain on marketable equity securities and cost method investments, net (254,844) (57,669) (103,748)
Credit loss expense and provision for other receivables 6,824 10,667 22,726
Stock-based compensation expense, net 5,659 6,348 6,278
Contingent consideration fair value measurements and accretion (4,207) 2,895 0
Foreign exchange loss 179 2,153 1,070
Gain on disposition and write-downs of businesses, property, plant and equipment, investments and other assets, net (8,554) (214,926) (28,346)
Equity in earnings of affiliates, net of distributions 4,917 6,592 (2,678)
Provision for deferred income taxes 65,046 14,377 69,751
Change in operating assets and liabilities:      
Accounts receivable (59,292) 61,328 (53,602)
Inventories 4,551 3,786 (5,317)
Accounts payable and accrued liabilities 32,397 (32,714) (47,069)
Deferred revenue 19,086 (25,728) 30,487
Income taxes receivable/payable (8,689) 3,310 1,828
Lease liabilities (85,147) (91,478) (88,597)
Other assets and other liabilities, net (14,144) 11,735 (33,655)
Other 1,238 429 233
Net Cash Provided by Operating Activities 202,426 210,663 165,164
Cash Flows from Investing Activities      
Investments in certain businesses, net of cash acquired (351,882) (20,080) (179,421)
Purchases of property, plant and equipment (162,537) (69,591) (93,504)
Proceeds from sales of marketable equity securities 65,499 93,775 19,303
Purchases of marketable equity securities (48,036) (20,004) (7,499)
Net proceeds from sales of businesses, property, plant and equipment and other assets 10,295 225,570 54,495
Investments in equity affiliates, cost method and other investments (8,531) (12,367) (27,529)
Loans to related party 0 0 (3,500)
Other 557 2,068 920
Net Cash (Used in) Provided by Investing Activities (494,635) 199,371 (236,735)
Cash Flows from Financing Activities      
Net borrowings under revolving credit facilities 134,696 76,241 0
Issuance of borrowings 70,184 2,084 41,250
Common shares repurchased (55,683) (161,829) (2,103)
Repayments of borrowings (49,645) (83,360) (8,702)
Deferred payments of acquisitions (30,866) (19,348) (2,255)
Dividends paid (30,136) (29,970) (29,553)
Net (repayments of) proceeds from vehicle floor plan payable (10,563) (14,160) 14,384
Issuance of noncontrolling interest 3,777 0 6,000
Purchase of noncontrolling interest (3,508) 0 (550)
Proceeds from (repayments of) bank overdrafts 3,410 1,636 (185)
Proceeds from exercise of stock options 0 25,129 481
Other (639) (425) (33)
Net Cash Provided by (Used in) Financing Activities 31,027 (204,002) 18,734
Effect of Currency Exchange Rate Change (3,029) 2,978 2,766
Net (Decrease) Increase in Cash and Cash Equivalents and Restricted Cash (264,211) 209,010 (50,071)
Cash and Cash Equivalents and Restricted Cash at Beginning of Year 423,054 214,044 264,115
Cash and Cash Equivalents and Restricted Cash at End of Year 158,843 423,054 214,044
Cash paid during the year for:      
Income taxes 39,000 91,000 28,000
Interest $ 30,000 $ 31,000 $ 30,000