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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net earnings $ 404,978 $ 354,509 $ 294,348
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 107,667 116,172 112,027
Loss on divestiture 0 0 4,651
Gain on sale/disposal of long-lived assets (10) (2,883) (4,671)
Deferred income taxes (11,822) 2,908 (23,635)
Share-based compensation 18,888 16,803 15,384
Non-cash restructuring charges 4,274 0 0
Changes in operating assets and liabilities, net of businesses acquired and disposed of:      
Receivables, net (88,808) (2,394) (75,955)
Inventories, net (34,500) (21,568) (62,562)
Accounts payable and accrued expenses 16,024 (15,779) 98,340
Deferred revenue 144,269 47,914 (17,646)
Pension and postretirement liabilities, net (18,880) (18,307) (15,049)
Increase (Decrease) in Other Operating Assets and Liabilities, Net (2,195) 29,286 30,456
Net cash provided by operating activities 544,275 448,089 294,776
Cash flows from investing activities:      
Proceeds from sale/disposal of long-lived assets 3,206 9,147 9,841
Purchases of investments 0 0 (10,000)
Additions to property, plant, and equipment (60,974) (44,666) (38,217)
Acquisition of businesses, net of cash acquired (225,541) 0 (282,429)
Payments for Previous Acquisition 0 0 (5,062)
Net cash used for investing activities (283,309) (35,519) (325,867)
Cash flows from financing activities:      
Borrowings under revolving credit facilities 21,309 638,116 1,697,647
Payment of revolving credit facilities (21,309) (638,116) (1,791,547)
Borrowings of debt 0 0 300,000
Principal payments on debt 0 (202,500) 0
Repurchases of company stock (250,000) (50,141) (56,870)
Proceeds from share-based compensation plans 11,345 10,584 9,997
Dividends paid (31,656) (30,249) (28,779)
Other (1,182) (1,097) (1,020)
Net cash provided by (used for) financing activities (271,493) (273,403) 129,428
Effect of exchange-rate changes on cash (11,298) 10,726 (12,367)
Net increase (decrease) in cash and cash equivalents (21,825) 149,893 85,970
Cash and cash equivalents at beginning of period 406,867 256,974 171,004
Cash and cash equivalents at end of period $ 385,042 $ 406,867 $ 256,974