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Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings $ 538,114 $ 386,444
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 33,440 30,949
Amortization 46,141 42,008
Deferred tax benefit (6,072) (6,990)
Share-based compensation 13,893 13,248
Increase (decrease) in cash resulting from changes in:    
Trade accounts receivable, net (19,153) 49,084
Inventories (87,568) (11,421)
Other current assets (3,596) (8,733)
Trade accounts payable 44,170 (40,874)
Taxes payable 42,474 19,117
Increase (Decrease) in Other Operating Assets and Liabilities, Net 65,876 998
Net cash provided by operating activities 667,719 473,830
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 3,399 3,046
Purchase of property, plant and equipment (69,796) (57,428)
Acquisitions (193,387) (6,242)
Payments for (Proceeds from) Derivative Instrument, Investing Activities 8,559 (9,421)
Net cash used in investing activities (251,225) (70,045)
Cash flows from financing activities:    
Proceeds from borrowings 1,638,321 1,148,360
Repayments of borrowings (1,249,177) (1,231,191)
Proceeds from stock option exercises 14,914 26,194
Repurchases of common stock (727,498) (399,999)
Proceeds from (Payments for) Other Financing Activities (2,864) (800)
Net cash used in financing activities (326,304) (457,436)
Effect of exchange rate changes on cash and cash equivalents (772) (448)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 89,418 (54,099)
Cash and cash equivalents:    
Beginning of period 94,254 207,785
End of period $ 183,672 $ 153,686