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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING CASH FLOW      
Net earnings (loss) $ (401,746) $ (366,791) $ (1,553,122)
Adjustments to reconcile net earnings (loss) to operating cash flow:      
Impairment expense - Cont Ops 43,792 102,365 286,254
Impairment expense 246,285 340,939 96,763
(Gain) loss on pension settlement 198,132 (406) 137,898
Write-off of cumulative translation loss 0 0 83,665
Depreciation 73,200 102,451 154,599
Amortization of intangibles 1,156 3,123 15,882
(Earnings) loss from equity method investments, net of distributions (7,757) (3,881) 9,348
(Gain) loss on sales of assets incl. AMECO-North America (2,230) (510) 7,284
Loss on debt repurchases 19,606 0 0
Stock-based compensation 31,971 21,882 36,075
Deferred taxes 28,563 (20,285) 320,633
Net contributions to employee pension plans (12,302) (20,770) (2,325)
Changes in assets and liabilities (196,652) 31,048 631,697
Other 3,314 (3,281) (5,633)
Operating cash flow 25,332 185,884 219,018
INVESTING CASH FLOW      
Purchases of marketable securities (148,493) (35,078) (31,165)
Proceeds from sales and maturities of marketable securities 44,687 19,648 238,539
Capital expenditures (75,073) (113,442) (180,842)
Proceeds from sales of assets incl. AMECO-North America 145,672 111,589 65,977
Investments in partnerships and joint ventures (79,464) (29,219) (52,305)
Other (9,198) 4,940 40,268
Investing cash flow (121,869) (41,562) 80,472
FINANCING CASH FLOW      
Proceeds from issuance of CPS 582,000 0 0
Purchases and retirement of debt (525,212) 0 0
Debt extinguishment costs (1,503) 0 0
Dividends paid (on CPS in 2021 and common stock in 2020 and 2019) (19,175) (28,720) (118,073)
Other borrowings (debt repayments) (5,460) 3,881 9,093
Distributions paid to NCI (108,798) (23,184) (33,674)
Capital contributions by NCI 201,847 110,051 64,646
Other (1,447) (13,582) 709
Financing cash flow 122,252 48,446 (77,299)
Effect of exchange rate changes on cash (15,114) 8,814 10,262
Increase (decrease) in cash and cash equivalents 10,601 201,582 232,453
Cash and cash equivalents at beginning of year 2,198,781 1,997,199 1,764,746
Cash and cash equivalents at end of year $ 2,209,382 $ 2,198,781 $ 1,997,199