| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net earnings | |||||||||||
307,583 | 275,749 | 214,891 | 187,329 | 145,461 | 113,338 | 137,981 | 113,844 | 126,389 | 102,180 | 95,221 | 109,390 |
Adjustments to reconcile net earnings to net cash used for operating activities | |||||||||||
Depreciation and amortization | |||||||||||
102,412 | 102,949 | 99,995 | 96,008 | 100,810 | 118,931 | 121,497 | 93,896 | 88,300 | 79,946 | 76,480 | 74,251 |
(Gain) loss on sale of businesses | |||||||||||
0 | 1,735 | 875 | 845 | -16,991 | -29,184 | 0 | 29,912 | 1,298 | 0 | - | - |
Gain on sale/disposal of long-lived assets | |||||||||||
11,054 | 1,120 | -29 | 2,069 | 945 | -632 | -77 | 414 | 670 | -1,446 | -1,917 | -804 |
(Gain on Bargain Purchase) | |||||||||||
- | - | - | - | - | - | - | 910 | 0 | 0 | 1,937 | 0 |
Deferred income taxes | |||||||||||
-40,787 | -8,562 | 5,782 | -1,224 | -63,535 | 27,241 | -5,928 | 3,871 | -3,345 | 2,828 | 6,470 | -6,370 |
Share-based compensation | |||||||||||
13,669 | 14,094 | 11,572 | 9,478 | 9,473 | 8,500 | 7,349 | 9,428 | 9,621 | 13,378 | 15,264 | 13,663 |
Impairment of assets | |||||||||||
- | - | - | - | 40,813 | 3,202 | 887 | 4,988 | 0 | 0 | - | - |
Impairment of assets held for sale | |||||||||||
- | - | - | - | - | 41,369 | 0 | 0 | - | - | - | - |
Change in operating assets and liabilities, net of businesses acquired and divested: | |||||||||||
Accounts receivable, net | |||||||||||
12,613 | 57,492 | 16,388 | -91,692 | 77,106 | -12,845 | -6,599 | -26,524 | 78,850 | 53,979 | -9,250 | 20,230 |
Inventories, net | |||||||||||
3,485 | 41,197 | -19,711 | -4,391 | 4,039 | 19,375 | 25,499 | 30,100 | 21,123 | -11,401 | -17,819 | 46,564 |
Progress payments | |||||||||||
4,834 | 11,121 | 774 | 2,583 | 3,680 | -6,971 | -6,131 | -7,923 | 11,264 | 6,493 | -8,573 | 8,227 |
Accounts payable and accrued expenses | |||||||||||
-18,629 | 48,930 | 4,323 | 4,125 | -447 | 16,147 | 8,567 | -7,290 | 15,628 | 9,925 | -30,565 | 8,582 |
Deferred revenue | |||||||||||
36,134 | 23,082 | 36,898 | -11,084 | 4,839 | 24,471 | -7,281 | -34,436 | 51,724 | -20,734 | 28,724 | 33,332 |
Income taxes payable | |||||||||||
-15,625 | -8,847 | -5,479 | 11,797 | -7,436 | 38,946 | -16,811 | 15,211 | 3,917 | -1,122 | -11,326 | -4,044 |
Net pension and postretirement liabilities | |||||||||||
-1,310 | -43,759 | 3,481 | 3,405 | -139,610 | -26,431 | -1,630 | -1,132 | -4,234 | 24,528 | 19,654 | 11,416 |
Other Operating Activities, Cash Flow Statement | |||||||||||
- | - | - | 20,405 | - | - | - | - | - | - | - | - |
Increase (Decrease) in Other Noncurrent Liabilities | |||||||||||
- | - | - | 11,474 | -5,410 | - | - | - | - | - | - | - |
Other current and long-term assets and liabilities | |||||||||||
11,631 | -28,178 | -27,110 | 6,716 | -11,870 | -4,219 | -6,294 | -4,571 | 2,160 | 4,791 | 8,879 | -2,250 |
Other current and long-term liabilities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -4,886 |
Total adjustments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 101,358 | 70,431 |
Net cash used for operating activities | |||||||||||
421,404 | 336,273 | 388,712 | 423,197 | 162,479 | 331,766 | 237,827 | 152,474 | 201,853 | 171,499 | 196,579 | 179,821 |
Cash flows from investing activities: | |||||||||||
Proceeds from sale/disposal of long-lived assets | |||||||||||
15,093 | 9,117 | 6,769 | 3,674 | 2,277 | 594 | 1,348 | 2,557 | 2,497 | 744 | 3,789 | 8,143 |
Proceeds from divestiture | |||||||||||
- | - | - | 1,027 | 31,344 | 152,965 | 0 | 52,123 | 8,100 | 0 | - | - |
Payments to Acquire Intangible Assets | |||||||||||
- | - | - | 0 | - | - | - | 1,761 | 22 | 1,608 | 673 | 311 |
Proceeds from insurance | |||||||||||
- | - | - | - | - | 2,357 | 0 | 0 | - | - | - | - |
Additions to property, plant, and equipment | |||||||||||
69,752 | 53,417 | 52,705 | 46,776 | 35,512 | 67,115 | 72,242 | 82,954 | 84,322 | 52,769 | 75,643 | 103,657 |
Payments to Acquire Businesses, Gross | |||||||||||
185,209 | 210,167 | 232,630 | 295 | 13,228 | 34,364 | 236,135 | 460,439 | 178,080 | 42,200 | 68,623 | 48,557 |
Payments for (Proceeds from) Other Investing Activities | |||||||||||
172 | 1,049 | -6,238 | - | - | - | - | - | - | - | - | - |
Fair value of assets acquired in current year acquisitions | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 133,159 |
Payments for (Proceeds from) Previous Acquisition | |||||||||||
- | - | - | 564 | 457 | 989 | 6,663 | 2,524 | 0 | 0 | 1,835 | -1,447 |
Net cash used for investing activities | |||||||||||
-240,040 | -255,516 | -272,328 | -42,934 | -15,576 | 53,448 | -313,692 | -492,998 | -251,827 | -95,833 | -141,150 | -144,382 |
Cash flows from financing activities: | |||||||||||
Borrowings under revolving credit facility | |||||||||||
37,692 | 372,980 | 7,658 | 7,839 | 70,324 | 364,557 | 983,109 | 576,934 | 1,002,600 | - | - | - |
Borrowings of debt | |||||||||||
- | - | - | - | - | - | 500,000 | 0 | 300,000 | 513,100 | 711,059 | -598,000 |
Payment of revolving credit facility | |||||||||||
37,934 | 372,887 | 8,176 | 8,430 | 70,134 | 414,770 | 1,229,148 | 296,145 | 1,112,814 | - | - | - |
Principal payments on debt | |||||||||||
0 | 50,000 | 150,000 | 0 | 8,400 | 80 | 125,033 | 0 | 0 | 581,771 | 762,759 | -622,580 |
Repurchases of common stock | |||||||||||
50,661 | 198,592 | 52,127 | 105,249 | 294,130 | 65,220 | 0 | 25,705 | 8,178 | 0 | - | - |
Proceeds from share-based compensation | |||||||||||
11,770 | 11,940 | 14,179 | 22,300 | 28,706 | 38,182 | 27,450 | 15,492 | 11,746 | 10,560 | 10,557 | 9,905 |
Dividends paid | |||||||||||
28,200 | 26,328 | 24,740 | 23,067 | 24,122 | 25,013 | 18,377 | 16,392 | 14,893 | 14,729 | 14,559 | -14,381 |
Proceeds from (Payments for) Other Financing Activities | |||||||||||
-812 | -752 | -692 | -635 | -581 | 296 | 0 | 0 | - | - | - | - |
Excess tax benefits from share-based compensation | |||||||||||
- | - | - | 11,101 | 9,119 | 9,610 | 2,137 | 57 | 1,343 | 985 | 378 | 1,544 |
Net cash provided by (used for) financing activities | |||||||||||
-68,145 | -263,639 | -213,898 | -96,141 | -289,218 | -92,438 | 140,138 | 254,241 | 179,804 | -71,855 | -55,324 | -27,512 |
Effect of exchange-rate changes on cash | |||||||||||
1,748 | -16,172 | 18,786 | -18,971 | -19,104 | -17,954 | -1,002 | 3,919 | -3,562 | -702 | 4,200 | -13,742 |
Net decrease in cash and cash equivalents | |||||||||||
114,967 | -199,054 | -78,728 | 265,151 | -161,419 | 274,822 | 63,271 | -82,364 | 126,268 | 3,109 | 4,305 | -5,815 |
Supplemental disclosure of non-cash activities: | |||||||||||
Capital expenditures incurred but not yet paid | |||||||||||
2,015 | 2,193 | 976 | 2,512 | 2,108 | 2,891 | 4,546 | 1,478 | 3,600 | 2,459 | - | - |
Recognition of asset retirement obligation | |||||||||||
- | - | - | - | - | - | - | 6,904 | 0 | 0 | - | - |
Property and equipment under build to suit transaction | |||||||||||
- | - | - | - | - | 14,735 | 6,225 | 0 | 0 | - | - | - |
Cash acquired | |||||||||||
- | - | - | - | - | - | - | - | - | - | -276 | -7,999 |
Gain on bargain purchase | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,937 | 0 |
Acquisition of businesses, net of cash acquired | |||||||||||
185,209 | 210,167 | 232,630 | 295 | 13,228 | - | - | - | - | - | 68,623 | 48,557 |