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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net earnings $ 103,409 $ 82,406
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation and amortization 167,640 147,669
Provision for deferred income taxes 36,838 32,783
Amortization of unearned share-based compensation 16,649 8,991
Amortization of major maintenance costs 15,600 15,232
Amortization of debt issuance costs 898 786
Other (2,023) 180
Decrease in cash flows resulting from changes in operating assets and liabilities, net (66,707) (28,592)
Net cash provided by operating activities 272,304 259,455
Cash flows from investing activities:    
Capital expenditures (231,752) (133,437)
Acquisitions of businesses and marine equipment, net of cash acquired (499,227) (451,219)
Proceeds from disposition of assets 27,806 29,743
Net cash used in investing activities (703,173) (554,913)
Cash flows from financing activities:    
Borrowings (payments) on bank credit facilities (88,392) 298,424
Borrowings (payments) on long-term debt 499,295 (1,065)
Payments of debt issue costs (4,276) (1,243)
Proceeds from exercise of stock options 13,264 2,076
Payments related to tax withholding for share-based compensation (4,821) (2,899)
Other (686) (643)
Net cash provided by financing activities 414,384 294,650
Decrease in cash and cash equivalents (16,485) (808)
Cash and cash equivalents, beginning of year 20,102 5,634
Cash and cash equivalents, end of period 3,617 4,826
Cash paid during the period:    
Interest paid 37,175 18,390
Income taxes 495 19,388
Capital expenditures included in accounts payable (5,554) 8,917
Non-cash investing activity:    
Stock issued in acquisition 0 366,554
Cash acquired in acquisition 2,313 98
Debt assumed in acquisition $ 0 $ 13,724