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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net income $ 251,294 $ 215,804 $ 236,822
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 130,257 121,408 139,166
Deferred income taxes (12,350) 25,034 3,629
Stock-based compensation 13,570 14,919 9,047
Change in LIFO reserve 11,990 (53,108) (35,205)
Amortization of unrecognized postretirement benefits 43,058 46,170 35,907
Pension settlement charges 12,262    
Gain on sale of interest in subsidiary, net of tax 0 0 (55,704)
Changes in operating assets and liabilities of continuing operations, net of effect of sale of interest in subsidiary:      
Accounts and notes receivable (45,674) (15,155) (64,636)
Inventories (77,872) 51,864 (524)
Other current assets 3,831 (931) (2,162)
Accounts payable 13,128 (42,068) 67,734
Accrued liabilities (23,489) 21,719 25,943
Other items (10,210) (85,342) (40,933)
Net cash provided by operating activities 309,795 300,314 319,084
Investing activities:      
Additions to property, plant and equipment and capitalized software (175,437) (182,544) (145,041)
Acquisition of business, net of cash acquired (5,928) 0 0
Proceeds from sale of interest in subsidiary, net of cash sold 0 0 170,711
Proceeds from the sale of assets 337 1,651 1,248
Net cash (used in) provided by investing activities (181,028) (180,893) 26,918
Financing activities:      
Net (payments on) issuances of short-term debt 10,019 (41,303) 55,447
Additions to long-term debt 0 0 15,634
Repayments of long-term debt (935) (3,125) (35,715)
Payment of financing fees 0 (2,586) 0
Repurchase of common stock (107,999) (108,821) (200,000)
Payment of dividends to noncontrolling shareholders (804) (917) (7,813)
Payment of dividends (22,828) (23,880) (25,538)
Issuance of common shares and excess tax benefits on options 4,224 23,965 3,230
Net cash used in financing activities (118,323) (156,667) (194,755)
Effects of exchange rate changes on cash of continuing operations (11,178) (9,249) 2,674
Changes in cash and cash equivalents (734) (46,495) 153,921
Cash and cash equivalents at beginning of year 505,157 551,652 397,731
Cash and cash equivalents at end of year $ 504,423 $ 505,157 $ 551,652