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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net earnings $ 863,140 $ 788,778 $ 872,502
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 50,352 48,951 46,784
Amortization 72,869 72,213 66,239
Deferred tax (benefit) provision (5,216) (13,373) 26,517
Share-based compensation 19,979 17,928 19,661
Other (22,982) 0 0
Increase (decrease) in cash resulting from changes in:      
Trade accounts receivable, net (52,999) 50,296 (83,417)
Inventories 24,127 71,021 (43,392)
Other current assets (1,015) 20,666 (16,263)
Trade accounts payable 12,083 (40,554) (13,826)
Taxes payable (11,931) 12,260 55,859
Accruals and other 19,939 (62,312) (71,597)
Net Cash Provided by (Used in) Operating Activities 968,346 965,874 859,067
Cash flows from investing activities:      
Proceeds from sale of property, plant and equipment 1,631 835 399
Purchase of property, plant and equipment (103,898) (105,323) (121,241)
Proceeds from government funding 0 6,094 29,670
Acquisitions (10,091) (5,811) (37,951)
Other investing activities (7,104) (27,489) (10,272)
Net cash used in investing activities (119,462) (131,694) (139,395)
Cash flows from financing activities:      
Proceeds from borrowings 2,156,565 2,126,797 2,307,256
Repayments of borrowings (2,175,291) (2,097,023) (1,947,398)
Proceeds from exercise of stock options 23,719 19,234 33,216
Repurchases of common stock (849,997) (900,000) (1,099,998)
Payments of Excise Tax on Repurchases of Common Stock (8,089) 0 0
Acquisition contingent consideration paid 0 (7,767) (7,912)
Other financing activities (2,884) (826) (1,203)
Net cash provided by (used in) financing activities (855,977) (859,585) (716,039)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (3,352) (754) (6,231)
Net increase (decrease) in cash and cash equivalents (10,445) (26,159) (2,598)
Cash and cash equivalents:      
Cash and Cash Equivalents, at Carrying Value, Beginning 69,807 95,966 98,564
Cash and Cash Equivalents, at Carrying Value, End 59,362 69,807 95,966
Supplemental disclosures of cash flow information:      
Interest 75,937 75,618 52,314
Taxes $ 209,374 $ 178,255 $ 114,038