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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings $ 294,348 $ 267,159 $ 201,392
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 112,027 114,384 115,903
Loss on Disposition of Business 4,651 0 0
Impairment of assets held for sale 0 19,088 33,043
(Gain) on sale/disposal of long-lived assets (4,671) (568) 0
Deferred income taxes (23,635) (10,200) (7,048)
Share-based compensation 15,384 13,450 14,437
Foreign Currency Transaction Gain (Loss), before Tax 0 0 9,351
Restructuring Costs, Noncash 0 0 15,628
Change in operating assets and liabilities, net of businesses acquired and divested:      
Accounts receivable, net (74,798) (59,372) 71,147
Inventories, net (60,620) 15,321 15,535
Progress Payments (3,099) (3,672) (7,689)
Accounts payable and accrued expenses 42,493 17,713 (55,513)
Deferred revenue (17,646) 9,584 (33,179)
Income taxes 55,847 (12,988) 15,171
Net pension and postretirement liabilities (15,049) (1,236) (153,375)
Other current and long-term assets and liabilities (30,456) 19,005 26,377
Net cash provided by operating activities 294,776 387,668 261,180
Cash flows from investing activities:      
Proceeds from sales and disposals of long-lived assets 9,841 4,045 2,930
Payments to Acquire Investments (10,000) 0 0
Additions to property, plant, and equipment (38,217) (41,108) (47,499)
Payments to Acquire Businesses, Net of Cash Acquired (282,429) 0 (487,944)
Payments for Previous Acquisition (5,062) (5,340) 0
Payments for (Proceeds from) Other Investing Activities 0 0 17
Net cash used for investing activities (325,867) (42,403) (532,530)
Cash flows from financing activities:      
Borrowings under revolving credit facilities 1,697,647 455,950 570,675
Payment of revolving credit facilities (1,791,547) (362,050) (570,675)
Borrowings of debt 300,000 0 300,000
Principal payments on debt 0 (100,000) 0
Repurchases of company stock (56,870) (343,129) (200,018)
Proceeds from share-based compensation plans 9,997 9,705 11,148
Dividends paid (28,779) (28,660) (28,175)
Other (1,020) (945) (874)
Net cash provided by (used for) financing activities 129,428 (369,129) 82,081
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (12,367) (3,380) (3,516)
Net increase (decrease) in cash and cash equivalents 85,970 (27,244) (192,785)
Cash and cash equivalents at beginning of period 171,004 198,248 391,033
Cash and cash equivalents at end of period $ 256,974 $ 171,004 $ 198,248