XML 16 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income $ 87,457 $ 72,004
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 27,854 25,229
Stock-based compensation expense 5,696 5,692
(Gain) loss on disposal of property, plant and equipment (24) 153
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable (66,347) (96,481)
Inventories (50,755) (32,145)
Accounts payable 32,096 (24,690)
Accrued income taxes 14,004 2,188
Accrued liabilities and customer deposits (1,529) 85,303
Other assets and liabilities (24,252) (63,349)
Net cash provided by (used for) operating activities 24,200 (26,096)
Investing Activities    
Purchase of property, plant and equipment (17,466) (19,327)
Proceeds from disposal of property, plant and equipment 7,898 284
Acquisitions of businesses, net of cash acquired (34,297) (800,081)
Net cash used for investing activities (43,865) (819,124)
Financing Activities    
Proceeds from debt 306,610 458,273
Payments of debt (266,347) (482,591)
Proceeds from exercise of stock options and other benefit plans 2,873 1,259
Payment of income tax withholding on share-based compensation (2,937) (6,842)
Cash dividends ($0.12 and $0.10 per share for the three months ended March 31, 2018 and 2017, respectively) (11,531) (9,572)
Net cash provided by (used for) financing activities 28,668 (39,473)
Effect of changes in currency exchange rates 7,482 21,640
Increase (Decrease) in cash 16,485 (863,053)
Cash, cash equivalents and restricted cash, beginning of period 233,401 1,143,232
Cash and cash equivalents, end of period $ 249,886 $ 280,179