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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net Income $ 78,663 $ 82,933
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 54,903 53,026
Amortization 10,744 11,323
Stock-based compensation 19,193 18,276
Provision (release) for CECL 35 (568)
(Gain) loss on disposition of fixed assets (271) 120
Net loss (gain) on remeasurement of equity securities 1,096 (592)
Deferred income taxes (1,860) (7,958)
Defined benefit plan expense 3,277 3,724
Equity in results of affiliates (2,086) 221
Changes in balance sheet items, excluding effects from foreign currency adjustments:    
Accounts and other receivables (69,247) (56,527)
Inventories (6,043) 7,266
Prepaid and other current assets (12,617) (2,720)
Accounts payable, accrued and other liabilities 33,324 4,712
Income taxes payable (7,195) (2,954)
Retirement and deferred compensation plan liabilities (11,751) (13,058)
Other changes, net (7,423) (4,891)
Net Cash Provided by Operations 82,742 92,333
Cash Flows from Investing Activities:    
Capital expenditures (56,862) (75,661)
Proceeds from sale of property, plant and equipment 79 175
(Purchases) and maturities of short-term investments, net (88) (1,066)
Acquisition of intangible assets, net (2,475) 0
Notes receivable, net 2,714 (20)
Net Cash Used by Investing Activities (56,632) (76,572)
Cash Flows from Financing Activities:    
Proceeds from notes payable and overdrafts 79 13,504
(Repayments) and proceeds of short-term revolving credit facility, net (23,880) 68,838
Proceeds from long-term obligations 124 26
Repayments of long-term obligations (4,552) (101,320)
Dividends paid (29,923) (27,064)
Proceeds from stock option exercises 3,375 22,340
Purchase of treasury stock (80,000) (12,076)
Net Cash Used by Financing Activities (134,777) (35,752)
Effect of Exchange Rate Changes on Cash 10,662 (3,818)
Net Decrease in Cash and Equivalents and Restricted Cash (98,005) (23,809)
Cash and Equivalents and Restricted Cash at Beginning of Period 223,844 223,643
Cash and Equivalents and Restricted Cash at End of Period $ 125,839 $ 199,834