| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||
Net earnings | |||||||||||
370,000 | 444,200 | 296,500 | 326,500 | 282,900 | 207,800 | 169,700 | 158,700 | 305,700 | 111,500 | 89,600 | 77,300 |
Loss from discontinued operations | |||||||||||
- | - | - | - | - | - | - | -3,900 | 194,500 | -54,400 | 29,100 | 30,100 |
Adjustments to reconcile net earnings to cash provided by (used in) operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
78,300 | 71,900 | 70,100 | 65,100 | 63,000 | 59,800 | 59,700 | 54,600 | 47,000 | 40,800 | 38,300 | 35,800 |
U.S. Tax Reform income tax expense | |||||||||||
- | 0 | 81,800 | 0 | - | - | - | - | - | - | - | - |
Pension (income) expense | |||||||||||
- | - | - | - | -100 | -28,600 | 27,900 | 13,800 | 3,300 | - | - | - |
Stock based compensation expense | |||||||||||
13,300 | 10,100 | 9,900 | 9,400 | 8,800 | 10,800 | 10,500 | - | - | - | - | - |
Loss on disposal of assets | |||||||||||
- | - | - | - | - | - | -200 | -1,100 | -1,000 | -11,700 | -900 | 200 |
Unrealized gain on investment | |||||||||||
- | - | - | - | - | - | - | 27,200 | 19,800 | - | 0 | - |
Net changes in operating assets and liabilities: | |||||||||||
Current assets and liabilities | |||||||||||
-32,600 | 40,000 | 127,800 | -68,500 | -16,800 | 37,600 | -20,500 | 36,600 | -500 | 37,500 | 46,800 | -12,000 |
Noncurrent assets and liabilities | |||||||||||
38,000 | 37,300 | 4,100 | 22,900 | 19,900 | 3,600 | 6,300 | -3,500 | 81,600 | 8,800 | -24,300 | -10,100 |
Other | |||||||||||
- | - | - | - | - | - | - | - | - | - | -700 | -3,100 |
Cash Provided by (Used in) Operating Activities | |||||||||||
- | - | - | - | 351,700 | 265,800 | 282,200 | 171,800 | 61,600 | 63,300 | 122,900 | 81,600 |
Cash Used in Operating Activities - discontinued operations | |||||||||||
- | - | - | - | - | -1,800 | -2,600 | -28,000 | -2,900 | 61,500 | 140,000 | 19,400 |
Cash Provided by Operating Activities | |||||||||||
456,200 | 448,900 | 326,400 | 446,600 | - | 264,000 | 279,600 | 143,800 | 58,700 | 124,800 | 262,900 | 101,000 |
Investing Activities | |||||||||||
Proceeds from sale of investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | -8,900 | -12,000 |
Proceeds on sale of assets | |||||||||||
- | - | - | - | - | - | - | - | - | 3,000 | 2,000 | 2,600 |
Net cash distributed with spinoff of discontinued SICO businesses | |||||||||||
- | - | - | - | - | - | - | - | - | - | 7,100 | - |
Capital expenditures | |||||||||||
64,400 | 85,200 | 94,200 | 80,700 | 72,700 | 86,100 | 97,700 | 69,900 | 53,500 | 53,500 | 42,700 | 41,200 |
Acquisitions of businesses | |||||||||||
107,000 | - | 43,100 | 90,800 | - | - | 4,000 | 13,500 | 421,100 | 11,800 | 71,400 | - |
Investments in marketable securities | |||||||||||
272,700 | 523,400 | 583,500 | 563,800 | 428,800 | 321,900 | 132,700 | 311,400 | - | - | - | - |
Net proceeds from sale of marketable securities | |||||||||||
478,000 | 595,900 | 562,700 | 435,100 | 315,400 | 202,000 | 226,200 | 308,000 | - | 4,600 | - | - |
Long-term debt incurred (repaid) | |||||||||||
- | - | - | - | - | 48,100 | -31,200 | - | - | - | - | - |
Cash Provided by Investing Activities - discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | 600,200 | -8,800 | -6,700 | -27,100 |
Cash Provided by (Used in) Investing Activities | |||||||||||
- | - | - | - | -186,100 | -206,000 | -8,200 | -86,800 | -474,600 | -57,700 | -110,300 | -26,600 |
Cash Provided by Investing Activities | |||||||||||
33,900 | -12,700 | -158,100 | -300,200 | - | - | - | - | 125,600 | -66,500 | -117,000 | -53,700 |
Long-term debt incurred | |||||||||||
62,600 | -189,000 | 86,500 | 74,100 | - | -13,900 | -20,300 | - | 200,200 | 5,000 | - | - |
Long-term debt repaid | |||||||||||
- | - | - | - | - | - | - | 218,800 | - | - | 91,100 | 50,100 |
Long-term debt incurred | |||||||||||
- | - | - | - | 28,100 | - | - | - | - | - | - | - |
Common stock repurchases | |||||||||||
287,700 | 202,600 | 139,100 | 135,200 | 128,100 | 103,800 | 73,700 | 22,000 | 23,500 | - | - | - |
Net payments from stock option activity | |||||||||||
-500 | 900 | -900 | 5,700 | 6,400 | 4,700 | 10,200 | 20,500 | 11,200 | 4,000 | 7,600 | 2,100 |
Payment of contingent consideration | |||||||||||
1,000 | 2,300 | 1,700 | 0 | - | - | - | - | - | - | - | - |
Dividends paid | |||||||||||
149,200 | 130,100 | 96,900 | 84,200 | 67,800 | 54,400 | 42,600 | 33,200 | 27,700 | 24,700 | 21,400 | 19,000 |
Cash Used In Financing Activities | |||||||||||
- | - | - | - | -161,400 | -119,300 | -157,600 | -253,500 | - | -15,700 | -104,900 | -67,000 |
Cash Used in Financing Activities - discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Cash Used In Financing Activities | |||||||||||
-375,800 | -523,100 | -152,100 | -139,600 | - | - | - | - | 160,200 | -15,700 | -104,900 | -67,000 |
Net increase in cash and cash equivalents | |||||||||||
114,300 | -86,900 | 16,200 | 6,800 | 4,200 | -61,300 | 113,800 | -196,500 | 344,500 | 42,600 | 41,000 | -19,700 |