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Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 78,274 $ 79,416
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 115,672 111,328
Accretion of asset retirement obligation 2,319 2,015
Stock-based compensation 7,060 7,231
Amortization of deferred lease income 0 (2,014)
Income attributable to sale of tax benefits, net of interest expense (10,846) (7,738)
Equity in losses (earnings) of investees 196 (3,334)
Mark-to-market of derivative instruments (1,612) (1,909)
Loss on disposal of property, plant and equipment 618 1,426
Loss (gain) on severance pay fund asset (24) (862)
Deferred income tax provision 25,522 7,177
Liability for unrecognized tax benefits (2,000) 3,284
Deferred lease revenues 0 (470)
Changes in operating assets and liabilities, net of businesses acquired:    
Receivables (5,753) (60)
Costs and estimated earnings in excess of billings on uncompleted contracts 20,242 (995)
Inventories 565 3,780
Prepaid expenses and other 2,971 4,003
Change in operating lease right of use asset 2,695 5,620
Deposits and other (1,277) (2,622)
Accounts payable and accrued expenses 2,617 14,237
Billings in excess of costs and estimated earnings on uncompleted contracts 4,928 (12,399)
Liabilities for severance pay (619) 576
Change in operating lease liabilities (2,436) 0
Other long-term liabilities (222) (6,238)
Net cash provided by operating activities 238,890 201,452
Cash flows from investing activities:    
Capital expenditures (231,784) (190,530)
Investment in unconsolidated companies (14,794) (3,096)
Cash paid for business acquisition, net of cash acquired (43,321) 0
Decrease (increase) in severance pay fund asset, net of payments made to retired employees 529 615
Other investing activities (3,600) 0
Net cash used in investing activities (292,970) (193,011)
Cash flows from financing activities:    
Proceeds from long-term loans, net of transaction costs 419,262 132,847
Proceeds from exercise of options by employees 0 2,057
Proceeds from the sale of limited liability company interest, net of transaction costs 0 58,671
Repayments of commercial paper and prepayment of loans (50,000) (6,098)
Proceeds from revolving credit lines with banks 1,249,400 1,311,500
Repayment of revolving credit lines with banks (1,289,950) (1,470,500)
Cash received from noncontrolling interest 7,577 3,346
Proceeds from issuance of commercial paper 0 50,000
Repayments of long-term debt (115,606) (52,997)
Cash paid to noncontrolling interest (9,234) (9,399)
Payments under finance lease obligations (2,205) (2,734)
Deferred debt issuance costs (2,360) (4,566)
Cash dividends paid (16,892) (16,774)
Net cash provided by (used in) financing activities 189,992 (4,647)
Effect of exchange rate changes 520 (1,252)
Net change in cash and cash equivalents and restricted cash and cash equivalents 136,432 2,542
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 153,110 177,495
Cash and cash equivalents and restricted cash and cash equivalents at end of period 289,542 180,037
Supplemental non-cash investing and financing activities:    
Increase (decrease) in accounts payable related to purchases of property, plant and equipment $ (995) $ 7,496