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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 128,141 $ 83,264
Depreciation and amortization 41,883 36,270
Stock-based compensation (Note 11) 11,325 13,562
Pension (income) expense (Note 15) (7,956) 2,079
Deferred income tax benefit (Note 10) (2,451) (5,548)
Loss on asset write-down and dispositions, net 4,776 423
Pension contributions (Note 15) (5,743) (5,768)
Currency exchange losses (gains), net 4,788 (359)
Product liability expense (Note 18) 9,733 25,235
Collections on insurance receivables and notes receivable, insurance companies (Note 18) 9,510 15,437
Product liability payments (Note 18) (9,076) (32,499)
Changes in:    
Trade receivables 1,958 40,167
Inventories (Note 4) (86,599) (36,336)
Accounts payable 2,629 (855)
Other current assets and liabilities 270 (2,410)
Other noncurrent assets and liabilities 715 (2,519)
Cash Flow From Operating Activities 103,903 130,143
Investing Activities    
Capital expenditures (28,753) (30,963)
Acquisitions, net of cash acquired (Note 14) 0 (392,437)
Purchase of short-term investments (Note 17) (69,680) (108,938)
Proceeds from maturities of short-term investments (Note 17) 94,000 135,000
Property disposals and other investing 38 (5,249)
Cash Flow Used in Investing Activities (4,395) (402,587)
Financing Activities    
Proceeds from long-term debt (Note 12) 798,000 1,341,734
Payments on long-term debt (Note 12) (771,000) (1,032,875)
Cash dividends paid (53,447) (51,322)
Company stock purchases (Note 7) (34,365) (6,137)
Exercise of stock options (Note 7) 4,163 2,671
Employee stock purchase plan (Note 7) 486 452
Acquisition of noncontrolling interest in consolidated subsidiaries 0 (13,381)
Distributions to noncontrolling interests 0 (5,632)
Debt issuance costs 0 (2,080)
Cash Flow (Used In) From Financing Activities (56,163) 233,430
Effect of exchange rate changes on cash, cash equivalents and restricted cash (23,498) (4,177)
Increase (Decrease) in cash, cash equivalents and restricted cash 19,847 (43,191)
Beginning cash, cash equivalents and restricted cash 141,438 161,034
Ending cash, cash equivalents and restricted cash 161,285 117,843
Supplemental cash flow information:    
Cash and cash equivalents 159,613 117,302
Restricted cash included in prepaid expenses and other current assets 1,672 541
Total cash, cash equivalents and restricted cash $ 161,285 $ 117,843