XML 40 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES        
Net income $ 565,336 $ 660,119 $ 1,188,898 $ 1,140,266
Adjustments to reconcile net earnings to net cash provided from operating activities:        
Depreciation, amortization and depletion 78,428 72,898 155,372 143,542
Equity earnings of affiliate, net of dividends received (16,939)   (16,939)  
Loss (income) on currency translation effect (14,191) (2,526) (6,660) 5,653
Provision (benefit) for deferred income taxes 31,817 21,241 19,308 (16,502)
Gain on sale of investment (18,200)   (18,200)  
Gain on sale of property (1,058) (6,410) (1,058) (6,410)
Cash provided from (used for) operating assets and liabilities:        
Accounts receivable 4,013 (206,335) 63,060 (131,961)
Inventories (44,712) 19,554 (32,900) (68,448)
Accounts payable and accrued liabilities (199,645) (416,958) (234,500) (441,212)
Other operating assets and liabilities (7,782) 61,131 (18,907) 92,858
Net cash provided from operating activities 377,067 202,714 1,097,474 717,786
INVESTING ACTIVITIES        
Capital expenditures (230,303) (110,655) (407,720) (183,644)
Proceeds from (purchase of) short-term investments, net (146,495) (4,734) 148,199 (149,363)
Payments to development stage properties accounted for as equity method investments   (4,593)   (15,911)
Sale of investment 18,200   18,200  
Sale of property 5,182 8,132 5,280 8,855
Net cash used for investing activities (353,416) (111,850) (236,041) (340,063)
FINANCING ACTIVITIES        
Debt repaid (5,000) (5,000) (5,000) (10,250)
Dividends paid to common stockholders (450,349) (476,000) (610,160) (969,004)
Distributions to non-controlling interest (1,248) (1,412) (1,720) (3,605)
Repurchase of common shares (33,184) (148,068) (33,184) (148,068)
Other 451 714 604 (504)
Net cash used for financing activities (489,330) (629,766) (649,460) (1,131,431)
Effect of exchange rate changes on cash and cash equivalents 26,869 19,446 19,280 14,872
Increase (decrease) in cash and cash equivalents (438,810) (519,456) 231,253 (738,836)
Cash and cash equivalents, at beginning of period 1,518,181 1,973,297 848,118 2,192,677
Cash and cash equivalents, at end of period $ 1,079,371 $ 1,453,841 $ 1,079,371 $ 1,453,841