XML 19 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 25, 2015
Cash flows from operating activities:    
Net (loss) income $ (164,115) $ 79,116
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 47,835 55,580
Stock-based employee compensation 28,952 25,005
Loss (gain) on disposal of property, plant and equipment 62 (3,647)
Allowance for uncollectible accounts 3,706 1,646
Deferred income taxes (145,523) (37,872)
Undistributed earnings and gains from unconsolidated affiliates (44,647) (36,908)
Distributions of income from unconsolidated affiliates 41,214 39,948
Contributions to defined benefit pension plans (30,482) (29,459)
Gain on pension curtailment (4,568)  
Excess tax benefits from stock-based compensation, operating (3,093) (3,931)
Change in assets and liabilities:    
Receivables and unbilled revenue 119,362 45,431
Prepaid expenses and other (2,515) 11,469
Accounts payable and accrued subcontractor costs (84,328) (50,511)
Billings in excess of revenue 65,000 (56,630)
Accrued payroll and employee related liabilities (54,572) 71,753
Other accrued liabilities 36,271 (75,747)
Income tax receivable 18,202 58,540
Long-term employee related liabilities and other 37,106 (23,241)
Net cash (used in) provided by operating activities (129,947) 78,404
Cash flows from investing activities:    
Capital expenditures (87,680) (21,506)
Acquisition related payments (17,901)  
Investments in unconsolidated affiliates (16,596) (23,897)
Distributions of capital from unconsolidated affiliates 10,456 20,855
Proceeds from sale of operating assets 2,703 39,878
Net cash (used in) provided by investing activities (109,018) 15,330
Cash flows from financing activities:    
Borrowings on long-term debt 1,808,743 1,718,769
Payments on long-term debt (1,690,254) (1,962,730)
Repurchases and retirements of common stock (103,911) (58,483)
Proceeds from the issuance of preferred stock, net of issuance costs 99,800 191,677
Settlement of tax-withholding obligation on stock-based compensation, financing (3,720) (4,339)
Net contributions from noncontrolling interests 74,554 56,136
Net cash provided by (used in) financing activities 185,212 (58,970)
Effect of exchange rate changes on cash (16,994) (11,303)
(Decrease) increase in cash and cash equivalents (70,747) 23,461
Cash and cash equivalents, beginning of period 197,021 131,477
Cash and cash equivalents, end of period 126,274 154,938
Supplemental disclosures:    
Cash paid for interest 9,781 11,171
Cash paid for income taxes $ 7,390 $ 16,637