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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows — Operating activities:      
Net earnings, including noncontrolling interests $ 261,780 $ 125,050 $ 4,328
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 90,619 95,820 101,438
Amortization of intangible and other assets 13,862 16,653 17,016
Loss (gain) on disposition of businesses 0 7,727 (141,317)
Stock-based compensation 23,882 19,912 22,820
Provision for U.S. Tax Cuts and Jobs Act of 2017 0 (5,654) 115,320
Foreign currency, asset impairment and other non-cash adjustments (11,224) 36,052 33,087
Change in assets and liabilities:      
Accounts receivable, net 2,883 (25,448) 60,216
Inventories, net (31,058) (29,314) 48,642
Contract assets, net (45,939) (23,693) 0
Prepaid expenses and other assets, net 13,289 (7,869) 32,935
Contract liabilities 14,390 33,710 0
Accounts payable 22,870 (4,823) 12,403
Accrued liabilities and income taxes payable 4,184 (18,248) (3,383)
Retirement obligations and other (39,881) (44,314) (43,431)
Net deferred taxes (6,916) 15,270 50,992
Net cash flows provided (used) by operating activities 312,741 190,831 311,066
Cash flows — Investing activities:      
Capital expenditures (66,170) (83,993) (61,602)
Proceeds from disposal of assets 42,333 6,190 5,435
(Payments for) proceeds from disposition of businesses 0 (3,663) 232,767
Net cash flows provided (used) by investing activities (23,837) (81,466) 176,600
Cash flows — Financing activities:      
Payments on long-term debt (105,000) (60,000) (60,000)
Payments of deferred loan costs 0 0 (1,503)
Proceeds from short-term financing 75,000 0 0
Payments on short-term financing (75,000) 0 0
Proceeds under other financing arrangements 4,639 3,377 7,359
Payments under other financing arrangements (9,281) (9,853) (19,030)
Payments related to tax withholding for stock-based compensation (3,900) (3,061) (6,238)
Repurchases of common shares (15,000) 0 0
Payments of dividends (99,557) (99,416) (99,233)
Other (1,555) (4,331) (6,708)
Net cash flows provided (used) by financing activities (229,654) (173,284) (185,353)
Effect of exchange rate changes on cash (7,953) (19,843) 33,970
Net change in cash and cash equivalents 51,297 (83,762) 336,283
Cash and cash equivalents at beginning of year 619,683 703,445 367,162
Cash and cash equivalents at end of year 670,980 619,683 703,445
Income taxes paid (net of refunds) 66,372 87,009 59,409
Interest paid $ 53,607 $ 54,576 $ 56,808