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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows — Operating activities:      
Net earnings, including noncontrolling interests $ 136,182 $ 140,875 $ 246,940
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:      
Depreciation 85,175 86,175 92,042
Amortization of intangible and other assets 14,647 14,578 13,862
Loss on extinguishment of debt 46,176 1,201 0
Stock-based compensation 29,478 27,252 23,882
Foreign currency, asset write downs and other non-cash adjustments 29,772 4,277 (11,724)
Change in assets and liabilities:      
Accounts receivable, net (8,675) 45,648 2,883
Inventories, net (32,124) 15,306 (31,058)
Contract assets, net 74,333 4,258 (45,220)
Prepaid expenses and other assets, net 1,302 34,262 (9,455)
Accounts payable (19,505) (22,571) 24,678
Contract liabilities 14,196 (34,066) 19,699
Accrued liabilities and income taxes payable (13,948) 50,203 12,418
Retirement obligations and other (15,690) 3,636 (3,357)
Net deferred taxes (91,200) (60,497) (11,493)
Net cash flows provided (used) by operating activities 250,119 310,537 324,097
Cash flows — Investing activities:      
Capital expenditures (54,936) (57,405) (75,716)
Proceeds from disposal of assets 2,663 15,705 42,333
Affiliate investment activity (7,204) 0 0
Net cash flows provided (used) by investing activities (59,477) (41,700) (33,383)
Cash flows — Financing activities:      
Payments on senior notes (1,243,548) (191,258) 0
Proceeds from issuance of senior notes 498,280 498,280 0
Payments on long-term debt (7,500) 0 (105,000)
Proceeds from issuance of long-term debt 300,000 0 0
Payments of deferred loan costs (6,739) (4,572) 0
Proceeds from short-term financing 0 0 75,000
Payments on short-term financing 0 0 (75,000)
Proceeds under other financing arrangements 1,408 2,285 3,404
Payments under other financing arrangements (7,213) (9,792) (9,856)
Payments related to tax withholding for stock-based compensation (5,984) (4,607) (3,900)
Repurchases of common shares (17,531) (32,112) (15,000)
Payments of dividends (104,604) (104,159) (99,557)
Other (6,276) (6,478) (1,555)
Net cash flows provided (used) by financing activities (599,707) 147,587 (231,464)
Effect of exchange rate changes on cash (27,757) 7,870 (7,953)
Net change in cash and cash equivalents (436,822) 424,294 51,297
Cash and cash equivalents at beginning of year 1,095,274 670,980 619,683
Cash and cash equivalents at end of year 658,452 1,095,274 670,980
Income taxes paid (net of refunds) 65,621 75,342 66,372
Interest paid $ 72,247 $ 57,041 $ 53,607