XML 11 R5.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net Income (Loss) $ 887,654 $ 1,189,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 425,441 416,126
Deferred income taxes (46,000) (72,688)
Stock-based compensation expense 50,885 35,549
Other non-cash adjustments 17,136 (4,284)
Changes in assets and liabilities, net of assets acquired and liabilities assumed:    
Receivables 105,140 (178,955)
Inventories 47,316 115,575
Contract assets (18,220) (4,287)
Other current assets 4,741 23,297
Other assets and liabilities (41,009) (16,392)
Accounts payable 123,658 230,576
Accrued liabilities (81,237) (24,343)
Contract liabilities 23,724 (14,863)
Net cash provided by operating activities 1,499,229 1,695,173
Cash flows from investing activities:    
Cash used for acquisitions, net of cash acquired (256,856) (142,906)
Purchases of property, plant and equipment (280,897) (376,596)
Proceeds from sale of property, plant and equipment 10,555 43,406
Cash used for equity investments (7,686)  
Net cash used in investing activities (534,884) (476,096)
Cash flows from financing activities:    
Borrowings under revolving credit facility 954,000 4,025,000
Repayments under revolving credit facility (1,418,000) (3,607,000)
Proceeds from long-term debt and other loans 1,000,000  
Repayments of long-term debt and other loans (2,613) (3,190)
Payments of loan costs (12,829) (1,897)
Payments of acquisition-related deferred and contingent consideration (14,364)  
Tax withholdings on and exercises of equity awards (55,267) (32,103)
Repurchase of common stock (1,153,325) (1,592,236)
Net cash used in financing activities (702,398) (1,211,426)
Net change in cash and cash equivalents 261,947 7,651
Cash and cash equivalents at beginning of period 66,156 80,445
Cash and cash equivalents at end of period 328,103 88,096
Supplemental disclosures of cash flow information:    
Cash paid for interest 160,383 150,404
Cash paid for income taxes 312,307 443,386
Supplemental disclosures of non-cash activities:    
Non-cash or accrued consideration for acquisitions 8,570 13,750
Accrued purchases of property, plant and equipment 19,680 7,455
Right-of-use assets obtained in exchange for operating lease obligations 159,221 71,282
Amounts accrued related to repurchases of common stock $ 15,624 $ 27,400