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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 — Operating activities:      
Net earnings, including noncontrolling interests $ 301,226 $ 205,188 $ 198,015
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:      
Depreciation 75,849 73,464 77,636
Amortization of intangible and other assets 9,749 10,283 13,317
Loss on sale of business 12,981 0 0
Stock-based compensation 30,474 27,808 25,530
Foreign currency, asset write downs and other non-cash adjustments 24,172 (17,331) (27,758)
Change in assets and liabilities, net of effects of businesses acquired:      
Accounts receivable, net (82,188) 4,744 (152,011)
Inventories 38,872 (59,831) (147,492)
Contract assets, net (18,513) (41,149) (41,768)
Prepaid expenses and other assets, net 15,116 7,825 17,461
Accounts payable (12,336) 53,065 78,968
Contract liabilities (6,070) 26,837 61,684
Accrued liabilities 49,578 59,213 (5,226)
Retirement obligations and other 1,456 38,497 (1,430)
Net deferred taxes (15,058) (62,841) (136,936)
Net cash flows provided (used) by operating activities 425,308 325,772 (40,010)
Cash flows — Investing activities:      
Capital expenditures (81,019) (67,359) (76,287)
Payments for acquisition, net of cash acquired (305,924) 0 0
Proceeds from disposal of assets 2,244 2,057 4,422
Payments for disposition of business (2,555) 0 0
Proceeds from termination of cross-currency swap 0 0 (66,004)
Affiliate investment activity 40    
Affiliate investment activity   (3,278) (225)
Net cash flows provided (used) by investing activities (387,214) (68,580) (6,086)
Cash flows — Financing activities:      
Proceeds from term loan 366,000 0 0
Payments on term loan (95,375) (40,000) (32,500)
Proceeds under revolving credit facility 100,000 280,000 45,000
Payments under revolving credit facility (100,000) (280,000) (45,000)
Proceeds under other financing arrangements 1,437 1,114 1,733
Payments under other financing arrangements (1,455) (2,604) (1,790)
Payments related to tax withholding for stock-based compensation (9,581) (6,245) (4,683)
Repurchases of common shares (20,070) 0 0
Payments of dividends (110,440) (104,955) (104,549)
Other (13,021) (324) (8,223)
Net cash flows provided (used) by financing activities 117,495 (153,014) (150,012)
Effect of exchange rate changes on cash (25,826) 6,529 (27,373)
Net change in cash and cash equivalents 129,763 110,707 (223,481)
Cash and cash equivalents at beginning of year 545,678 434,971 658,452
Cash and cash equivalents at end of year 675,441 545,678 434,971
Supplemental Cash Flow Information:      
Income taxes paid (net of refunds) 81,172 119,275 60,085
Interest paid 66,809 64,865 41,629
Contingent liabilities incurred related to acquired business, but not paid $ 15,000 $ 0 $ 0