| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Net earnings | ||||||||||||
677,918 | 570,267 | 811,665 | 508,892 | 869,829 | 775,235 | 1,003,129 | 811,070 | 895,243 | 700,104 | 356,438 | 590,831 | 661,080 |
Loss on assets held for sale | ||||||||||||
46,946 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Adjustments to reconcile net earnings to cash from operating activities: | ||||||||||||
Contributions to domestic employee benefit plans | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 78,954 | - | 49,900 |
Gain (Loss) on Extinguishment of Debt | ||||||||||||
23,543 | 0 | 0 | - | - | - | - | - | - | -4,343 | 0 | - | - |
Earnings from discontinued operations, net | ||||||||||||
0 | -20,878 | 65,002 | 6,764 | 273,948 | -2,905 | 205,602 | 160,995 | 122,057 | 80,607 | -16,985 | -103,927 | -8,670 |
Depreciation and amortization | ||||||||||||
272,287 | 282,580 | 283,278 | 249,672 | 327,089 | 307,188 | 278,033 | 229,934 | 290,477 | 229,237 | 231,363 | 261,154 | 243,776 |
Share-based compensation expense | ||||||||||||
29,702 | 23,698 | 24,073 | 18,650 | 30,697 | 31,628 | 30,480 | 30,884 | 25,130 | 20,407 | 17,158 | 25,246 | 26,292 |
Gain on sale of business | ||||||||||||
0 | 0 | 203,135 | 96,598 | 0 | 0 | - | - | - | - | - | - | - |
Gain on sale of assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 7,518 | 0 |
Provision for losses on accounts receivable (net of recoveries) | ||||||||||||
5,933 | 3,875 | 10,341 | 7,700 | 5,946 | 4,730 | 5,869 | 3,810 | 5,694 | -153 | 12,894 | 12,040 | 6,372 |
Deferred income taxes | ||||||||||||
-11,966 | -35,448 | -160,395 | -43,258 | -5,916 | -33,866 | 8,275 | -3,450 | 3,354 | 63,913 | -12,305 | 33,459 | -30,010 |
Employee benefit plan expense | ||||||||||||
5,844 | 11,912 | 12,191 | 25,364 | 34,253 | 34,627 | 44,311 | 42,681 | 39,954 | 32,914 | 37,221 | 36,275 | - |
Contributions to employee benefit plans | ||||||||||||
-21,436 | -25,933 | -18,588 | -23,042 | -21,942 | -24,232 | -40,258 | -47,584 | -63,567 | 58,201 | - | -55,361 | -22,537 |
Other, net | ||||||||||||
3,652 | 6,762 | 4,216 | 31,965 | 2,258 | 21,813 | -3,904 | 14,834 | -18,313 | 32,467 | -16,577 | 33,081 | - |
Cash effect of changes in assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange): | ||||||||||||
Accounts receivable, net | ||||||||||||
7,903 | 87,573 | 43,450 | 74,049 | -37,916 | 87,207 | 87,806 | -10,869 | 124,193 | 147,011 | -119,224 | -36,427 | -13,927 |
Inventories | ||||||||||||
56,870 | 85,052 | -605 | 3,287 | -63,129 | 63,717 | -1,684 | 16,295 | 56,145 | 88,552 | -79,783 | -27,128 | 60,662 |
Prepaid expenses and other assets | ||||||||||||
25,797 | 7,453 | 5,232 | 415 | 7,401 | 18,527 | 8,452 | 1,776 | -2,143 | -8,205 | -21,628 | -882 | -16,203 |
Accounts payable | ||||||||||||
18,270 | 106,561 | 94,052 | 70,836 | 42,925 | 60,176 | 38,808 | 35,552 | 82,624 | 79,183 | -20,378 | -19,273 | -9,099 |
Accrued compensation and employee benefits | ||||||||||||
15,580 | -7,037 | 23,319 | -10,429 | -71,090 | -17,731 | -17,817 | 46,470 | 34,745 | 80,335 | - | - | - |
Other non-current, net | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -70,012 |
Accrued expenses and other liabilities | ||||||||||||
-12,656 | -5,026 | -36,024 | 49,960 | -19,765 | 40,955 | -7,353 | -22,571 | -17,858 | 32,428 | -89,582 | 26,161 | 2,905 |
Accrued and deferred taxes, net | ||||||||||||
-10,437 | 29,706 | 15,927 | 93,329 | -60,405 | -40,187 | -67,593 | 24,604 | -64,993 | -13,783 | 35,329 | -27,881 | 29,824 |
Net cash provided by operating activities | ||||||||||||
945,306 | 789,193 | 739,409 | 734,596 | 949,059 | 950,164 | 979,612 | 968,369 | 948,864 | 830,295 | 743,381 | 1,010,416 | 927,693 |
Investing Activities | ||||||||||||
Additions to property, plant and equipment | ||||||||||||
186,804 | 170,994 | 170,068 | 139,578 | 154,251 | 166,033 | 141,694 | 146,502 | 262,676 | 169,297 | 112,972 | 175,795 | 173,653 |
Payments to Acquire Businesses, Net of Cash Acquired | ||||||||||||
216,398 | 68,557 | - | 1,561,737 | 567,843 | 802,254 | 322,838 | 1,080,433 | 1,382,217 | 104,418 | 221,994 | 103,761 | 273,610 |
Acquisitions, net of cash acquired | ||||||||||||
215,687 | 68,557 | 27,188 | - | - | - | - | - | - | - | - | - | - |
Purchase of short-term investments | ||||||||||||
- | - | - | - | - | - | - | - | - | 466,881 | 348,439 | 279,460 | 0 |
Proceeds from sale of short-term investments | ||||||||||||
- | - | - | - | - | - | - | - | 124,410 | 553,466 | 406,033 | - | 0 |
Proceeds from sale of property, plant, and equipment | ||||||||||||
4,168 | 5,908 | 11,774 | 15,223 | 14,604 | 14,373 | 23,801 | 9,332 | 9,363 | 16,186 | 21,617 | 13,248 | 24,195 |
Proceeds from sale of businesses | ||||||||||||
24,218 | 3,937 | 372,666 | 206,407 | 689,314 | 191,348 | 76,457 | 0 | 516,901 | 4,500 | 3,571 | 92,774 | 90,966 |
Settlement of net investment hedge | ||||||||||||
- | - | - | - | 17,752 | 0 | 0 | - | - | - | 0 | - | - |
Other | ||||||||||||
10,150 | 15,774 | -21,151 | 1,057 | -1,350 | 19,991 | -2,597 | 7,727 | 18,211 | 0 | - | - | - |
Net cash (used in) provided by investing activities | ||||||||||||
-384,255 | -245,480 | 208,335 | -1,480,742 | -34,578 | -782,557 | -361,677 | -1,225,330 | -1,012,430 | -166,444 | -252,184 | -452,994 | -332,102 |
Financing Activities | ||||||||||||
Cash received from Apergy, net of cash distributed | ||||||||||||
0 | 689,600 | 0 | 0 | - | 359,955 | 0 | 0 | - | - | - | - | - |
Repurchase of common stock, including prepayment under an accelerated share repurchase program | ||||||||||||
143,280 | 894,977 | 105,023 | 0 | 600,164 | 601,077 | 457,871 | 748,955 | 242,488 | 123,555 | 0 | 466,737 | 596,009 |
Proceeds from long-term debt | ||||||||||||
847,469 | 0 | 0 | 656,399 | 394,300 | 0 | 403,776 | 0 | 788,971 | 0 | 0 | 594,120 | 3,895 |
Proceeds from exercise of share-based awards, including tax benefits | ||||||||||||
- | - | - | 8,431 | 4,024 | 20,337 | 38,922 | 66,062 | 39,826 | 79,721 | 26,578 | 79,897 | 87,117 |
Change in commercial paper and notes payable | ||||||||||||
-135,650 | -10,722 | -182,596 | 254,834 | -327,000 | 251,500 | -381,000 | 607,500 | -15,002 | 15,000 | - | 412,723 | -347,192 |
Dividends paid to stockholders | ||||||||||||
282,197 | 283,570 | 283,959 | 267,739 | 257,969 | 258,487 | 247,820 | 240,959 | 219,154 | 200,099 | 189,874 | 169,071 | 154,390 |
Payments to settle employee tax obligations on exercise of share-based awards | ||||||||||||
37,370 | 46,254 | 18,443 | 15,700 | 5,029 | 21,151 | 31,303 | 23,008 | - | - | - | - | - |
Change in notes payable, net | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -192,749 | - | - |
Repayments of long-term debt | ||||||||||||
805,112 | 350,000 | 0 | 1,889 | 300,048 | 6,566 | 3,246 | 3,582 | 402,654 | 75,855 | 32,408 | 186,390 | 33,478 |
Other | ||||||||||||
-1,902 | -1,958 | 2,912 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in by financing activities | ||||||||||||
-558,042 | -897,838 | -592,933 | 634,336 | -1,091,886 | -255,489 | -678,542 | -342,942 | -50,501 | -304,788 | -388,453 | -560,904 | -345,673 |
Cash Flows from Discontinued Operations | ||||||||||||
Cash Provided by (Used in) Operating Activities, Discontinued Operations | ||||||||||||
0 | 9,442 | 96,225 | 128,346 | -113,946 | 25,760 | 172,955 | 298,544 | 130,638 | 112,597 | 49,734 | -7,592 | -46,458 |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | ||||||||||||
0 | -23,705 | -46,484 | -24,231 | -1,984 | -19,753 | -107,191 | -127,446 | -13,327 | -12,309 | -6,454 | -1,805 | -4,251 |
Net cash used in financing activities of discontinued operations | ||||||||||||
0 | 0 | -1,208 | -600 | - | - | - | - | - | - | - | - | - |
Net Cash Provided by (Used in) Discontinued Operations | ||||||||||||
0 | -14,263 | 48,533 | 103,515 | -115,930 | 6,007 | 65,764 | 171,098 | 117,311 | 100,288 | 43,280 | -9,397 | -50,709 |
Effect of Exchange Rate on Cash and Cash Equivalents | ||||||||||||
-1,977 | 10,645 | 1,474 | -4,744 | -26,061 | -40,426 | -1,351 | 22,126 | 16,150 | 9,822 | 20,523 | -45,817 | 34,175 |
Net (decrease) increase in cash and cash equivalents | ||||||||||||
1,032 | -357,743 | 404,818 | -13,039 | -319,396 | -122,301 | 3,806 | -406,679 | 19,394 | 469,173 | 166,547 | -58,696 | 233,384 |
Supplemental information - cash paid during the year for [Abstract] | ||||||||||||
Income taxes | ||||||||||||
191,084 | 135,427 | 337,987 | 170,394 | 346,382 | 372,446 | 318,402 | 266,517 | 269,895 | 100,163 | 111,247 | 212,348 | 275,505 |
Interest | ||||||||||||
126,753 | 131,823 | 140,863 | 131,184 | 128,151 | 128,412 | 123,881 | 125,770 | 121,715 | 115,871 | 116,773 | 120,834 | 112,243 |