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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities    
Net income $ 44,809 $ 40,611
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 22,915 22,060
Deferred compensation (7,501) 2,694
Realized and unrealized (gains) losses on long-term investments 2,487 (534)
Stock-based compensation 2,957 2,539
Deferred income taxes (2,545) 2,481
Other non-cash items 1,031 (40)
Changes in assets and liabilities:    
Receivables, net (80,344) (63,243)
Inventories 481 (7,476)
Other current assets (3,915) (861)
Accounts payable and accrued liabilities (1,183) (9,377)
Pension liabilities (599) (451)
Environmental and legal liabilities 56 (21)
Deferred revenues 421 (80)
Net Cash Used In Operating Activities (20,930) (11,698)
Cash Flows From Investing Activities    
Expenditures for property, plant and equipment (60,288) (37,632)
Asset acquisition (Note 17)   (3,503)
Business acquisition, net of cash acquired (Note 17)   (184,000)
Other, net 3,156 1,379
Net Cash Used In Investing Activities (57,132) (223,756)
Cash Flows From Financing Activities    
Revolving debt and bank overdrafts, net (Note 6) 98,636 49,668
Other debt borrowings (Note 6) 75,000  
Dividends paid (7,513) (6,861)
Company stock repurchased (9,935) (989)
Stock option exercises 114 381
Other, net (1,469) (2,272)
Net Cash Provided By Financing Activities 154,833 39,927
Effect of Exchange Rate Changes on Cash 84 (3,719)
Net Increase (Decrease) in Cash and Cash Equivalents 76,855 (199,246)
Cash and Cash Equivalents at Beginning of Period 159,186 349,938
Cash and Cash Equivalents at End of Period 236,041 150,692
Supplemental Cash Flow Information    
Cash payments of income taxes, net of refunds/payments 8,312 6,638
Cash payments of interest $ 2,500 $ 2,242