XML 25 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:    
Net Income $ 203,506 $ 325,858
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 183,508 169,029
Deferred income tax provision 15,780 45,992
Subsea BOP control systems inventory write-down 9,025 0
Net loss (gain) on sales of property and equipment 111 (1,241)
Noncash compensation 12,688 15,897
Excluding the effects of acquisitions, increase (decrease) in cash from:    
Accounts receivable 98,357 (152,492)
Inventory 5,135 7,536
Other operating assets (49,140) 2,308
Currency translation effect on working capital (19,366) (12,808)
Current liabilities (80,086) (12,893)
Other operating liabilities (6,458) (1,700)
Total adjustments to net income 169,554 59,628
Net Cash Provided by Operating Activities 373,060 385,486
Cash Flows from Investing Activities:    
Purchases of property and equipment (139,208) (301,488)
Payments to Acquire Businesses, Net of Cash Acquired (229,979) (39,788)
Payments to Acquire Other Investments (19,531) 0
Distributions of capital from unconsolidated affiliates 3,265 3,534
Dispositions of property and equipment 376 2,118
Net Cash Used in Investing Activities (385,077) (335,624)
Cash Flows from Financing Activities:    
Proceeds from (Repayments of) Lines of Credit 0 250,000
Proceeds from Notes Payable 50,000 0
Excess tax benefits from employee benefit plans (781) 3,083
Cash Dividends (80,036) (81,759)
Purchases of treasury stock (100,459) (236,684)
Net Cash Provided by (Used in) Financing Activities (131,276) (65,360)
Effect of Exchange Rate on Cash and Cash Equivalents (16,266) (1,340)
Net Increase (Decrease) in Cash and Cash Equivalents (159,559) (16,838)
Cash and Cash Equivalents-Beginning of Period 430,714 91,430
Cash and Cash Equivalents-End of Period $ 271,155 $ 74,592