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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net Income (Loss) $ 96,304 $ 258,781
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 145,031 140,381
Deferred income taxes (10,638) (8,368)
Stock-based compensation expense 14,238 16,900
Other non-cash adjustments (6,774) 179
Changes in assets and liabilities, net of assets acquired and liabilities assumed:    
Receivables 30,599 136,636
Inventories, net (82,503) (126,707)
Contract assets (10,851) (7,638)
Other current assets (15,013) (7,048)
Other assets and liabilities (16,213) (16,664)
Accounts payable 142,891 143,616
Accrued liabilities (166,294) (222,715)
Contract liabilities 11,551 9,834
Net cash provided by operating activities 132,328 317,187
Cash flows from investing activities:    
Cash used for acquisitions (824,795) (58,705)
Purchases of property, plant and equipment (99,974) (93,212)
Proceeds from sale of property, plant and equipment 12,713 3,567
Cash used for equity investments   (2,686)
Net cash used in investing activities (912,056) (151,036)
Cash flows from financing activities:    
Borrowings under revolving credit facility 1,142,000 422,000
Repayments under revolving credit facility (367,000) (886,000)
Proceeds from long-term debt and other loans   1,000,000
Repayments of long-term debt and other loans (754) (879)
Payments of loan costs   (12,529)
Payment of acquisition-related deferred and contingent consideration (322) (8,900)
Tax withholdings on and exercises of equity awards (20,102) (31,723)
Repurchase of common stock (12,347) (16,801)
Net cash provided by financing activities 741,475 465,168
Net change in cash and cash equivalents (38,253) 631,319
Cash and cash equivalents at beginning of period 153,624 66,156
Cash and cash equivalents at end of period 115,371 697,475
Supplemental disclosures of cash flow information:    
Cash paid for interest 88,678 51,628
Cash paid for income taxes 1,856 2,747
Supplemental disclosures of non-cash activities:    
Accrued consideration for acquisitions 3,184 279
Accrued purchases of property, plant and equipment 7,322 6,395
Right-of-use assets obtained in exchange for operating lease obligations 24,121 29,719
Amounts accrued related to repurchases of common stock $ 404 $ 2,800