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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities    
Net income attributable to Wabtec shareholders $ 258,994 $ 218,194
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 44,977 37,135
Stock-based compensation expense 19,107 17,596
Loss (gain) on disposal of property, plant and equipment 114 (641)
Excess income tax benefits from exercise of stock options (2,739) (9,445)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable (89,359) (167,175)
Inventories (33,958) 29,025
Accounts payable 40,971 23,542
Accrued income taxes 16,355 (2,032)
Accrued liabilities and customer deposits 8,342 (45,407)
Other assets and liabilities (32,640) (15,796)
Net cash provided by operating activities 230,164 84,996
Investing Activities    
Purchase of property, plant and equipment (30,977) (23,595)
Proceeds from disposal of property, plant and equipment 340 6,168
Acquisitions of businesses, net of cash acquired (299,661) (222,058)
Net cash used for investing activities (330,298) (239,485)
Financing Activities    
Proceeds from debt 433,400 868,538
Payments of debt (362,965) (649,359)
Purchase of treasury stock (26,757) (5,486)
Proceeds from exercise of stock options and other benefit plans 3,044 4,736
Excess income tax benefits from exercise of stock options 2,739 9,445
Earn-out settlement (4,429)  
Cash dividends ($0.14 and $0.09 per share for the nine months ended September 30, 2014 and 2013, respectively) (13,471) (8,800)
Net cash provided by financing activities 31,561 219,074
Effect of changes in currency exchange rates (4,646) 656
(Decrease) increase in cash (73,219) 65,241
Cash, beginning of year 285,760 215,766
Cash, end of period $ 212,541 $ 281,007