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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows — Operating activities:      
Net earnings, including noncontrolling interests $ 126,781 $ 246,940 $ 109,887
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:      
Depreciation 86,175 92,042 95,820
Amortization of intangible and other assets 14,578 13,862 16,653
Loss on disposition of business 0 0 7,727
Stock-based compensation 27,252 23,882 19,912
Provision for U.S. Tax Cuts and Jobs Act of 2017 0 0 (5,654)
Foreign currency, asset impairment and other non-cash adjustments 21,051 (11,724) 36,052
Change in assets and liabilities:      
Accounts receivable, net 45,648 2,883 (25,448)
Inventories, net 15,306 (31,058) (29,314)
Contract assets, net 4,258 (45,220) (24,411)
Prepaid expenses and other assets, net 34,262 (9,455) (15,491)
Contract liabilities (34,066) 19,699 32,955
Accounts payable (22,571) 24,678 7,589
Accrued liabilities and income taxes payable 50,203 12,418 (15,248)
Retirement obligations and other 3,636 (3,357) (26,595)
Net deferred taxes (61,976) (11,493) 6,397
Net cash flows provided (used) by operating activities 310,537 324,097 190,831
Cash flows — Investing activities:      
Capital expenditures (57,405) (75,716) (83,993)
Proceeds from disposal of assets 15,705 42,333 6,190
Payments for disposition of business 0 0 (3,663)
Net cash flows provided (used) by investing activities (41,700) (33,383) (81,466)
Cash flows — Financing activities:      
Payments on long-term debt (191,258) (105,000) (60,000)
Proceeds from issuance of senior notes 498,280 0 0
Payments of deferred loan costs (4,572) 0 0
Proceeds from short-term financing 0 75,000 0
Payments on short-term financing 0 (75,000) 0
Proceeds under other financing arrangements 2,285 3,404 3,377
Payments under other financing arrangements (9,792) (9,856) (9,853)
Payments related to tax withholding for stock-based compensation (4,607) (3,900) (3,061)
Repurchases of common shares (32,112) (15,000) 0
Payments of dividends (104,159) (99,557) (99,416)
Other (6,478) (1,555) (4,331)
Net cash flows provided (used) by financing activities 147,587 (231,464) (173,284)
Effect of exchange rate changes on cash 7,870 (7,953) (19,843)
Net change in cash and cash equivalents 424,294 51,297 (83,762)
Cash and cash equivalents at beginning of year 670,980 619,683 703,445
Cash and cash equivalents at end of year 1,095,274 670,980 619,683
Income taxes paid (net of refunds) 75,342 66,372 87,009
Interest paid $ 57,041 $ 53,607 $ 54,576