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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net Income $ 156,014 $ 63,791
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and goodwill and long-lived asset impairments 201,408 102,981
Amortization of lease right-of-use asset 50,181 51,344
Net pension benefit and special separation benefit expense (73,852) (136,411)
(Gain) loss on marketable equity securities and cost method investments, net (116,533) 172,318
Gain on disposition of business, property, plant and equipment and investments, net (11,785) (2,177)
Credit loss expense 4,312 2,831
Stock-based compensation expense, net of forfeitures 5,026 4,552
Foreign exchange (gain) loss (1,820) 1,973
Equity in losses (earnings) of affiliates, net of distributions 15,516 5,167
Provision for deferred income taxes 25,696 9,189
Accretion expense and change in fair value of contingent consideration liabilities (4,301) (3,898)
Change in operating assets and liabilities:    
Accounts receivable, net 15,629 58,940
Inventories (47,164) (47,486)
Accounts payable and accrued liabilities (6,878) (33,994)
Deferred revenue 44,822 36,676
Income taxes receivable/payable 16,367 (7,495)
Lease liabilities (53,924) (59,612)
Other assets and other liabilities, net (13,638) (19,698)
Other (2,550) 4,674
Net Cash Provided by Operating Activities 202,526 203,665
Cash Flows from Investing Activities    
Investments in certain businesses, net of cash acquired (77,004) (130,177)
Proceeds from sales of marketable equity securities 61,979 74,233
Purchases of property, plant and equipment (61,156) (57,097)
Loan to related party (30,000) 0
Investments in equity affiliates, cost method and other investments (12,839) (30,075)
Purchases of marketable equity securities (6,162) (35,070)
Net proceeds from disposition of property, plant and equipment, and investments 3,712 5,580
Other 2,039 961
Net Cash Used in Investing Activities (119,431) (171,645)
Cash Flows from Financing Activities    
Issuance of borrowings 293,387 77,299
Net payments under revolving credit facilities (140,000) (11,000)
Common shares repurchased (132,248) (54,581)
Repayments of borrowings (117,792) (10,564)
Net proceeds from vehicle floor plan payable 52,623 11,688
Dividends paid (23,534) (23,122)
Proceeds from bank overdrafts 3,824 4,391
Deferred payments of acquisition (3,786) (4,731)
Proceeds from exercise of stock options 1,306 1,531
Other (3,485) 905
Net Cash Used in Financing Activities (69,705) (8,184)
Effect Of Currency Exchange Rate Change (3,184) (11,824)
Net Increase in Cash and Cash Equivalents and Restricted Cash 10,206 12,012
Beginning Cash and Cash Equivalents and Restricted Cash 190,432 158,843
Ending Cash and Cash Equivalents and Restricted Cash $ 200,638 $ 170,855