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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Net income $ 466,402 $ 100,039 $ 222,198
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 198,554 121,600 62,107
Stock-based compensation expense 30,821 19,279 19,062
Amortization of Debt Issuance Costs and Discounts 19,197 10,578 3,578
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment (36,580) 0 0
Gain (Loss) on Disposition of Business (8,927) (19,816) 0
Other operating activities, net 7,406 15,604 (14,753)
Deferred income taxes (78,285) (33,538) 13,205
Changes in assets and liabilities      
Increase (Decrease) in Accounts Receivable (531,828) 47,879 11,453
Increase (Decrease) in Accounts and Other Receivables (136,659) (23,520) 130
Inventories (530,730) 203,827 (47,297)
Increase (Decrease) in Other Operating Assets (56,274) 2,321 (28,915)
Accounts payable (449,564) 54,127 (23,505)
Accrued payroll and benefit costs 84,204 75,556 (39,081)
Other current and noncurrent liabilities 190,273 78,249 (825)
Net cash provided by operating activities 67,138 543,931 224,367
Investing Activities:      
Capital expenditures (54,746) (56,671) (44,067)
Acquisition payments, net of cash acquired 0 (3,707,575) (27,597)
Proceeds from Divestiture of Businesses, Net of Cash Divested 56,010 19,066 0
Proceeds from sale of assets 5,221 6,721 16,795
Other investing activities, net (3,948) 3,310 (5,931)
Net cash used in investing activities 2,537 (3,735,149) (60,800)
Financing Activities:      
Proceeds from (Repayments of) Short-term Debt (20,313) (11,258) (29,780)
Proceeds from issuance of long-term debt 3,231,443 5,114,210 1,305,421
Repayments of Long-term Debt (2,565,142) (1,513,048) (1,217,434)
Payment, Tax Withholding, Share-based Payment Arrangement (27,158) (2,901) (3,049)
Payments for Repurchase of Common Stock 0 0 (150,000)
Debt issuance costs (2,280) (80,231) (2,707)
Payments of Dividends (57,408) (30,139) 0
Other financing activities, net 15,217 (4,108) 12,217
Net cash provided (used) by financing activities (310,779) 3,480,741 (109,766)
Effect of exchange rate on cash and cash equivalents 4,552 8,710 758
Net change in cash and cash equivalents (236,552) 298,233 54,559
Cash and cash equivalents at the beginning of period 449,135 150,902 96,343
Cash and cash equivalents at the end of period 212,583 449,135 150,902
Supplemental disclosures:      
Cash paid for interest 249,654 169,620 65,275
Cash paid for taxes 118,183 56,186 64,531
Senior Notes Due 2021 [Member]      
Repayments of Senior Debt 500,000 0 0
Financing Activities:      
Repayments of Senior Debt 500,000 0 0
Senior Notes due 2024 [Member]      
Repayments of Senior Debt 354,704 0 0
Financing Activities:      
Repayments of Senior Debt $ 354,704 $ 0 $ 0