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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings including noncontrolling interests $ 1,033,548 $ 515,727 $ 744,571
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Restructuring 10,783 103,695 90,341
Depreciation and amortization 591,711 607,507 576,452
Deferred income taxes (4,929) 22,324 (107,842)
Loss on disposal of property, plant and equipment 5,462 6,296 1,608
Stock-based compensation expense 25,651 19,697 23,620
Impairment of net investment in a manufacturer and distributor of ceramic tile in China 0 0 59,906
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables, net (207,047) (54,977) 81,953
Inventories (519,229) 357,516 7,212
Accounts payable and accrued expenses 360,791 255,466 (52,065)
Other assets and prepaid expenses (66,844) (55,084) 3,625
Other liabilities 79,222 (8,328) (10,620)
Net cash provided by operating activities 1,309,119 1,769,839 1,418,761
Cash flows from investing activities:      
Additions to property, plant and equipment (676,120) (425,557) (545,462)
Acquisitions, net of cash acquired (123,969) 0 (81,082)
Purchases of short-term investments (1,211,239) (1,187,891) (581,500)
Redemption of short-term investments 1,454,574 658,650 592,000
Net cash used in investing activities (556,754) (954,798) (616,044)
Cash flows from financing activities:      
Payments on Senior Credit Facilities 0 (633,134) (488,978)
Proceeds from Senior Credit Facilities 0 617,883 448,587
Payments on commercial paper (570,362) (4,890,991) (15,168,820)
Proceeds from commercial paper 1,185,020 4,195,353 14,540,177
Proceeds from Floating Rate Notes 0 0 331,325
Payment on Floating Rate Notes 0 0 (331,325)
Proceeds from Senior Notes issuance 0 1,062,240 0
Repayments on Senior Notes (932,252) (326,904) 0
Proceeds from Term Loan Facility 0 500,000 0
Repayment on Term Loan Facility 0 (500,000) 0
Net payments of other financing activities (11,656) (8,338) (13,071)
Debt issuance costs 0 (11,413) (3,028)
Purchase of Mohawk common stock (900,334) (188,625) (100,080)
Change in outstanding checks in excess of cash (2,641) (4,256) (4,664)
Net cash used in financing activities (1,232,225) (188,185) (789,877)
Effect of exchange rate changes on cash and cash equivalents (19,870) 6,984 2,895
Net change in cash and cash equivalents (499,730) 633,840 15,735
Cash and cash equivalents, beginning of year 768,625 134,785 119,050
Cash and cash equivalents, end of year $ 268,895 $ 768,625 $ 134,785