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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES        
Net income $ 99,399 $ 325,780 $ 679,099 $ 988,759
Adjustments to reconcile net earnings to net cash provided from operating activities:        
Depreciation, amortization and depletion 131,576 113,923 373,841 340,467
Equity earnings of affiliate, net of dividends received (2,036) (3,184) (4,185) (10,181)
(Gain) loss on currency translation effect 4,733 (14,856) (14,505) (20,663)
(Benefit) provision for deferred income taxes 1,558 (76,230) (63,352) (133,052)
Other, net 688 932 1,983 1,484
Change in operating assets and liabilities:        
Decrease (increase) in accounts receivable 61,199 68,956 120,325 19,039
Decrease (increase) in inventories (74,091) (39,742) (182,052) (200,486)
(Decrease) increase in accounts payable and accrued liabilities 49,699 202,050 (99,604) 244,129
Decrease (increase) in other operating assets and liabilities (10,860) (143,026) 5,524 (113,139)
Net cash provided by operating activities 261,865 434,603 817,074 1,116,357
INVESTING ACTIVITIES        
Capital investments (316,171) (410,450) (845,931) (1,107,484)
Payment to acquire business, net of cash acquired (100,448)   (100,448)  
Proceeds from (purchase of) short-term investments, net (308,794) 81,897 (543,558) 282
Sale of property 244 15 3,200 4,896
Net cash used in investing activities (725,169) (328,538) (1,486,737) (1,102,306)
FINANCING ACTIVITIES        
Proceeds from issuance of debt     2,045,790  
Repayments of debt (200,000)   (266,000)  
Payments of debt issuance costs (2,015)   (11,744)  
Cash dividends paid to common stockholders (79,486) (99,641) (239,776) (283,013)
Distributions to non-controlling interest (119) (207) (531) (706)
Repurchase of common shares (309,787) (323,436) (724,352) (388,945)
Other     322 249
Net cash (used in) provided by financing activities (591,407) (423,284) 803,709 (672,415)
Effect of exchange rate changes on cash and cash equivalents (13,141) 16,029 6,475 19,843
(Decrease) increase in cash and cash equivalents (1,067,852) (301,190) 140,521 (638,521)
Cash and cash equivalents, at beginning of period 1,572,343 1,335,364 363,970 1,672,695
Cash and cash equivalents, at end of period $ 504,491 $ 1,034,174 $ 504,491 $ 1,034,174