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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net Income $ 96,566 $ 112,635
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and long-lived asset impairments 34,387 31,529
Amortization of lease right-of-use asset 17,569 18,594
Net pension benefit (44,782) (24,501)
Gain on marketable equity securities and cost method investments, net (46,912) (81,937)
Gain on disposition of businesses, property, plant and equipment and investments, net (1,593) (240)
Provision for doubtful trade receivables 1,503 1,126
Stock-based compensation expense, net 1,677 1,485
Foreign exchange loss (gain) 1,047 (3)
Equity in earnings of affiliates, net of distributions 2,020 (11,241)
Provision for deferred income taxes 16,182 29,311
Change in operating assets and liabilities:    
Accounts receivable, net 89,228 25,196
Inventories (15,298) (11,493)
Accounts payable and accrued liabilities (78,819) (29,965)
Deferred revenue (9,037) (6,655)
Income taxes receivable/payable 18,392 10,860
Lease liabilities (20,247) (21,119)
Other assets and other liabilities, net (18,549) (20,881)
Other 1,558 1,298
Net Cash Provided by Operating Activities 44,892 23,999
Cash Flows from Investing Activities    
Proceeds from sales of marketable equity securities 55,731 0
Investments in equity affiliates, cost method and other investments (23,698) (2,415)
Purchases of property, plant and equipment (14,207) (13,113)
Net proceeds from disposition of businesses, property, plant and equipment, and investments 1,334 270
Purchases of marketable equity securities 0 (48,036)
Other 363 4
Net Cash Provided by (Used in) Investing Activities 19,523 (63,290)
Cash Flows from Financing Activities    
Net payments under revolving credit facilities (37,000) (2,223)
Common shares repurchased (9,527) 0
Dividends paid (7,749) (7,553)
Net (repayments of) proceeds from vehicle floor plan payable (3,889) 2,462
(Repayments of) proceeds from bank overdrafts (2,868) 3,212
Deferred payments of acquisition (3,294) (1,340)
Proceeds from exercise of stock options 1,437 0
Repayments of borrowings (977) (1,034)
Purchase of noncontrolling interest 0 (3,508)
Other (495) (145)
Net Cash Used in Financing Activities (64,362) (10,129)
Effect Of Currency Exchange Rate Change (208) (1,015)
Net Decrease in Cash and Cash Equivalents and Restricted Cash (155) (50,435)
Beginning Cash and Cash Equivalents and Restricted Cash 158,843 423,054
Ending Cash and Cash Equivalents and Restricted Cash $ 158,688 $ 372,619