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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net income $ 154,091 $ 170,523
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 113,555 107,017
Amortization 9,578 7,643
Stock based compensation 14,829 15,005
Provision for (recovery of) doubtful accounts 190 124
Gain on disposition of fixed assets (979) 67
Deferred income taxes (5,414) (2,265)
Defined benefit plan expense 14,466 12,932
Equity in results of affiliates 130 142
Changes in balance sheet items, excluding effects from acquisitions and foreign currency adjustments:    
Accounts and other receivables (72,620) (46,038)
Inventories (41,183) (1,392)
Prepaid and other current assets (807) (10,839)
Accounts payable and accrued liabilities 55,921 49,158
Income taxes payable (7,481) 2,061
Retirement and deferred compensation plan liabilities (21,534) (20,621)
Other changes, net (3,157) (18,355)
Net Cash Provided by Operations 209,585 265,162
Cash Flows from Investing Activities:    
Capital expenditures (145,321) (120,803)
Proceeds from sale of property and equipment 4,056 2,345
Insurance proceeds 10,631  
Settlement for derivative   (66,155)
Acquisition of business, net of cash acquired (527,916)  
Acquisition of intangible assets (346)  
Investment in unconsolidated affiliate (10,000) (5,000)
Notes receivable, net 216 451
Net Cash Used by Investing Activities (668,680) (189,162)
Cash Flows from Financing Activities:    
Proceeds from notes payable 18,003  
Repayments of notes payable (6,395)  
Proceeds and repayments of short term credit facility, net 139,384 (63,905)
Proceeds from long-term obligations 10,092 625,525
Repayments of long-term obligations (67,026) (4,836)
Dividends paid (60,989) (60,002)
Credit facility costs   (2,937)
Proceeds from stock option exercises 78,896 66,686
Purchase of treasury stock (3,905) (72,270)
Common stock repurchased and retired (57,787) (40,994)
Net Cash Provided (Used) by Financing Activities 50,273 447,267
Effect of Exchange Rate Changes on Cash (7,436) 29,112
Net Increase (Decrease) in Cash and Equivalents and Restricted Cash (416,258) 552,379
Cash and Equivalents and Restricted Cash at Beginning of Period 712,640 466,287
Cash and Equivalents and Restricted Cash at End of Period $ 296,382 $ 1,018,666