XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net earnings $ 82,406 $ 109,946
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation and amortization 147,669 148,427
Provision for deferred income taxes 32,783 46,264
Amortization of unearned share-based compensation 8,991 8,841
Amortization of major maintenance costs 15,232 14,210
Amortization of debt issuance costs 786 600
Other 180 (1,090)
Increase (decrease) in cash flows resulting from changes in operating assets and liabilities, net (28,592) 11,048
Net cash provided by operating activities 259,455 338,246
Cash flows from investing activities:    
Capital expenditures (133,437) (169,305)
Acquisitions of businesses and marine equipment, net of cash acquired (451,219) (125,632)
Proceeds from disposition of assets 29,743 15,136
Net cash used in investing activities (554,913) (279,801)
Cash flows from financing activities:    
Borrowings (payments) on bank credit facilities, net 297,181 (49,445)
Payments on long-term debt (1,065) 0
Proceeds from exercise of stock options 2,076 321
Purchase of treasury stock 0 (1,827)
Acquisition of noncontrolling interests (7) (4,160)
Payments related to tax withholding for share-based compensation (2,899) (1,753)
Other (636) (2,085)
Net cash provided by (used in) financing activities 294,650 (58,949)
Decrease in cash and cash equivalents (808) (504)
Cash and cash equivalents, beginning of year 5,634 5,885
Cash and cash equivalents, end of period 4,826 5,381
Cash paid during the period:    
Interest paid 18,390 18,930
Income taxes paid 19,388 14,901
Capital expenditures included in accounts payable 8,917 (2,296)
Non-cash investing activity:    
Fair value of property transferred in acquisition 0 3,681
Stock issued in acquisition 366,554 0
Cash acquired in acquisition 98 0
Debt assumed in acquisition $ 13,724 $ 0