XML 24 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net earnings $ 176,898 $ 216,135
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation and amortization 142,350 124,876
Provision for deferred income taxes 19,722 30,727
Amortization of unearned share-based compensation 8,378 8,824
Amortization of major maintenance costs 17,160 11,874
Other 844 (536)
Increase (decrease) in cash flows resulting from changes in operating assets and liabilities, net 12,117 (66,335)
Net cash provided by operating activities 377,469 325,565
Cash flows from investing activities:    
Capital expenditures (265,202) (234,098)
Acquisitions of marine equipment (41,250) (6,500)
Proceeds from disposition of assets 13,102 8,139
Net cash used in investing activities (293,350) (232,459)
Cash flows from financing activities:    
Borrowings on bank credit facilities, net 192,398 8,200
Payments on long-term debt (100,000) (108,000)
Proceeds from exercise of stock options 3,712 7,410
Purchase of treasury stock (202,155) 0
Payment of contingent liability 0 (4,756)
Excess tax benefit from equity compensation plans 1,015 6,136
Other (873) (2,434)
Net cash used in financing activities (105,903) (93,444)
Decrease in cash and cash equivalents (21,784) (338)
Cash and cash equivalents, beginning of year 24,299 4,022
Cash and cash equivalents, end of period 2,515 3,684
Cash paid during the period:    
Interest 19,476 18,375
Income taxes $ 68,952 $ 84,983