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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Cash and cash equivalents at beginning of year $ 613,110 $ 555,320
Cash flows from operating activities:    
Net income 227,393 326,496
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 111,535 102,231
Gain on sale of property 0 (11,079)
Stock-based compensation and other 9,765 10,136
Equity in net income of unconsolidated investments (net of tax) (57,718) (73,491)
Dividends received from unconsolidated investments and nonmarketable securities 12,984 60,291
Pension and postretirement (benefit) expense (3,312) 1,055
Pension and postretirement contributions (6,692) (7,778)
Unrealized gain on investments in marketable securities (1,278) (577)
Deferred income taxes 8,990 3,570
Working capital changes (156,579) (223,238)
Other, net 62,829 11,672
Net cash provided by operating activities 207,917 199,288
Cash flows from investing activities:    
Acquisitions, net of cash acquired (22,572) 0
Capital expenditures (418,991) (415,626)
Proceeds from sale of property and equipment 0 10,356
Sales of marketable securities, net 1,496 908
Investments in equity and other corporate investments (486) (2,549)
Net cash used in investing activities (440,553) (406,911)
Cash flows from financing activities:    
Proceeds from borrowings of credit agreements 452,163 0
Other borrowings, net (12,956) (183,052)
Dividends paid to shareholders (79,909) (74,313)
Dividends paid to noncontrolling interests (14,286) (38,962)
Proceeds from exercise of stock options 10,809 3,205
Withholding taxes paid on stock-based compensation award distributions (4,019) (10,570)
Debt financing costs (2,669) 0
Other 0 (445)
Net cash provided by financing activities 375,045 61,967
Net effect of foreign exchange on cash and cash equivalents (18,823) (11,481)
Increase (decrease) in cash and cash equivalents 123,586 (157,137)
Cash and cash equivalents at end of period $ 736,696 $ 398,183