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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net Income $ 190,395 $ 173,391
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 113,720 107,643
Amortization 21,831 21,674
Stock-based compensation 27,208 27,553
Provision (release) for CECL 769 (1,997)
(Gain) loss on disposition of fixed assets (366) 126
Net gain on remeasurement of equity securities (1,006) (452)
Deferred income taxes (21,322) (8,139)
Defined benefit plan expense 6,720 7,407
Equity in results of affiliates (4,395) 91
Changes in balance sheet items, excluding effects from foreign currency adjustments:    
Accounts and other receivables (83,207) (78,360)
Inventories (15,951) 13,713
Prepaid and other current assets (21,141) (13,797)
Accounts payable, accrued and other liabilities 21,653 2,909
Income taxes payable (908) (1,248)
Retirement and deferred compensation plan liabilities (10,579) (10,167)
Retirement and deferred compensation plan assets (7,537) (1,564)
Other changes, net (7,184) (2,871)
Net Cash Provided by Operations 208,700 235,912
Cash Flows from Investing Activities:    
Capital expenditures (120,287) (143,866)
Proceeds from government grants 3,308 0
Proceeds from sale of property, plant and equipment 79 1,020
Maturities and (purchases) of short-term investments, net 2,819 (2,242)
Acquisition of businesses, net of cash acquired and release of escrow (7,934) 0
Acquisition of intangible assets, net (4,006) 0
Notes receivable, net (49) 102
Net Cash Used by Investing Activities (126,070) (144,986)
Cash Flows from Financing Activities:    
Proceeds from notes payable and overdrafts 0 14,178
Repayments of notes payable and overdrafts 0 (8,841)
Proceeds of short-term revolving credit facility, net 69,103 49,338
Proceeds from long-term obligations 885 3,062
Repayments of long-term obligations (32,950) (103,177)
Dividends paid (59,641) (54,232)
Proceeds from stock option exercises 10,561 27,797
Purchase of treasury stock (150,000) (17,134)
Net Cash Used by Financing Activities (162,042) (89,009)
Effect of Exchange Rate Changes on Cash 17,296 (4,068)
Net Decrease in Cash and Equivalents and Restricted Cash (62,116) (2,151)
Cash and Equivalents and Restricted Cash at Beginning of Period 223,844 223,643
Cash and Equivalents and Restricted Cash at End of Period $ 161,728 $ 221,492