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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net earnings $ 515,727 $ 744,571 $ 864,855
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Restructuring 103,695 90,341 58,991
Depreciation and amortization 607,507 576,452 521,765
Deferred income taxes 22,324 (107,842) 88,456
Loss (gain) on disposal of property, plant and equipment 6,296 1,608 (205)
Stock-based compensation expense 19,697 23,620 31,382
Impairment of net investment in a manufacturer and distributor of ceramic tile in China 0 59,906 0
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables, net (54,977) 81,953 13,856
Inventories 357,516 7,212 (255,391)
Accounts payable and accrued expenses 255,466 (52,065) (69,847)
Other assets and prepaid expenses (55,084) 3,625 (79,482)
Other liabilities (8,328) (10,620) 6,964
Net cash provided by operating activities 1,769,839 1,418,761 1,181,344
Cash flows from investing activities:      
Additions to property, plant and equipment (425,557) (545,462) (794,110)
Acquisitions, net of cash acquired 0 (81,082) (568,960)
Purchases of short-term investments (1,187,891) (581,500) (664,133)
Redemption of short-term investments 658,650 592,000 695,000
Net cash used in investing activities (954,798) (616,044) (1,332,203)
Cash flows from financing activities:      
Payments on Senior Credit Facilities (633,134) (488,978) (813,182)
Proceeds from Senior Credit Facilities 617,883 448,587 809,287
Payments on commercial paper (4,890,991) (15,168,820) (16,756,404)
Proceeds from commercial paper 4,195,353 14,540,177 16,988,398
Proceeds from Floating Rate Notes 0 331,325 353,649
Payment on Floating Rate Notes 0 (331,325) 0
Proceeds from Senior Notes issuance 1,062,240 0 0
Repayments on Senior Notes (326,904) 0 0
Proceeds from Term Loan Facility 500,000 0 0
Repayment on Term Loan Facility (500,000) 0 0
Payments of other debt and financing costs (4,799) (4,294) (69,569)
Debt issuance costs (11,413) (3,028) (890)
Purchase of redeemable noncontrolling and noncontrolling interest 0 0 (34,944)
Purchase of Mohawk common stock (188,625) (100,080) (274,144)
Change in outstanding checks in excess of cash (4,256) (4,664) 5,753
Shares redeemed for taxes (3,539) (8,777) (9,925)
Net cash (used in) provided by financing activities (188,185) (789,877) 198,029
Effect of exchange rate changes on cash and cash equivalents 6,984 2,895 (13,004)
Net change in cash and cash equivalents 633,840 15,735 34,166
Cash and cash equivalents, beginning of year 134,785 119,050 84,884
Cash and cash equivalents, end of year $ 768,625 $ 134,785 $ 119,050