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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net earnings $ 79,078 $ 313,903 $ 142,804
Adjustments to reconcile net earnings to net cash provided by operations:      
Depreciation and amortization 224,972 202,881 200,917
Provision (credit) for doubtful accounts 1,289 224 (467)
Provision (benefit) for deferred income taxes 34,881 (256,263) 51,296
Loss (gain) on disposition of assets (1,968) 4,487 127
Equity in earnings of affiliates, net of distributions and contributions (355) 732 (532)
Impairment of long-lived assets 82,705 105,712 0
Impairment of goodwill 2,702 0 0
Amortization of unearned share-based compensation 19,104 11,460 11,675
Amortization of major maintenance costs 20,760 21,207 19,869
Amortization of debt issuance costs 1,218 986 801
Increase (decrease) in cash flows resulting from changes in:      
Accounts receivable 12,511 (60,405) (12,750)
Inventory (144,685) 19,673 3,182
Other assets (38,090) (17,049) (30,853)
Income taxes payable (457) (11,823) 15,413
Accounts payable 22,622 20,758 (1,739)
Accrued and other liabilities 30,712 (3,105) 16,051
Net cash provided by operating activities 346,999 353,378 415,794
Cash flows from investing activities:      
Capital expenditures (301,861) (177,222) (231,066)
Acquisitions of businesses and marine equipment, net of cash acquired (533,897) (470,101) (137,072)
Proceeds from disposition of assets 53,392 54,229 18,617
Other (250) 0 0
Net cash used in investing activities (782,616) (593,094) (349,521)
Cash flows from financing activities:      
Borrowings (payments) on bank credit facilities, net (78,455) 269,859 (52,848)
Borrowings (payments) on long-term debt 499,295 (13,721) 0
Payment of debt issue costs (4,276) (1,243) 0
Return of investment to noncontrolling interests (915) (862) (1,976)
Proceeds from exercise of stock options 13,264 3,039 321
Purchase of treasury stock (776) 0 (1,827)
Payments related to tax withholding for share-based compensation (4,822) (2,881) (1,756)
Acquisitions of noncontrolling interest 0 (7) (8,438)
Net cash provided by (used in) financing activities 423,315 254,184 (66,524)
Increase (decrease) in cash and cash equivalents (12,302) 14,468 (251)
Cash and cash equivalents, beginning of year 20,102 5,634 5,885
Cash and cash equivalents, end of year 7,800 20,102 5,634
Cash paid during the period:      
Interest paid 40,772 21,663 19,878
Income taxes paid 640 27,196 18,162
Capital expenditures included in accounts payable (16,441) 5,525 (2,037)
Non-cash investing activity:      
Fair value of property transferred in acquisition 0 0 3,681
Stock issued in acquisition 0 366,554 0
Cash acquired in acquisition 2,313 98 0
Debt assumed in acquisition $ 0 $ 13,724 $ 0