| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
292,958 | 264,469 | 327,449 | 475,006 | 647,543 | 823,026 | 571,067 | 698,087 | 441,082 | 732,875 | 748,903 | 546,528 |
Adjustments to reconcile net earnings (loss) to cash provided (utilized) by operating activities: | |||||||||||
Loss from discontinued operations, net of taxes | |||||||||||
- | - | - | -5,658 | -204,551 | - | - | - | - | - | - | - |
Pension settlement charge | |||||||||||
- | - | - | -239,896 | - | - | - | - | - | - | - | - |
Depreciation | |||||||||||
197,585 | 206,100 | 211,095 | 188,700 | 191,701 | 206,331 | 210,441 | 199,365 | 189,350 | 180,849 | 161,562 | 144,862 |
Amortization of intangibles | |||||||||||
19,071 | 19,156 | 14,818 | 1,038 | 893 | 767 | 1,940 | 2,574 | 1,234 | 1,162 | 1,743 | 1,947 |
Loss on sale of equity method investments | |||||||||||
- | - | - | - | -2,158 | 2,370 | 42,856 | - | - | - | - | - |
(Earnings) loss from equity method investments, net of distributions | |||||||||||
-980 | -2,849 | -12,180 | 1,597 | -1,295 | -15,030 | -9,157 | - | - | - | - | - |
Gain on sale of joint venture interest | |||||||||||
124,942 | 0 | 0 | 68,162 | - | - | - | - | - | - | 79,209 | - |
Loss (gain) on sale of property, plant and equipment | |||||||||||
22,132 | 22,746 | 21,604 | 31,272 | 33,878 | 24,509 | 24,607 | - | - | - | - | - |
Distributions in excess of earnings from equity method investments | |||||||||||
- | - | - | - | - | - | - | 3,637 | - | - | - | - |
Impairment of long-lived assets | |||||||||||
- | - | - | - | - | - | 10,434 | - | 6,188 | - | - | - |
Convertible debt discount amortization | |||||||||||
- | - | - | - | - | - | - | - | - | - | 6,512 | 8,692 |
Loss on sale of building | |||||||||||
- | - | - | - | - | - | - | - | - | - | -16,370 | - |
Amortization of stock-based awards | |||||||||||
43,029 | 40,669 | 40,086 | 61,053 | 48,232 | 42,909 | 37,400 | 36,757 | 46,824 | 33,624 | 35,755 | 32,318 |
Deferred compensation trust | |||||||||||
-18,010 | 49,539 | 22,332 | -44,298 | 16,614 | 55,504 | 29,887 | -10,449 | -28,614 | -44,606 | 84,071 | -17,352 |
Increase (Decrease) in Deferred Compensation | |||||||||||
-22,272 | 52,615 | 29,323 | -6,854 | 14,755 | 56,550 | 35,961 | -12,518 | 33,737 | 45,700 | 84,747 | -29,623 |
Funding of deferred compensation trust | |||||||||||
- | - | - | - | - | - | - | - | -5,000 | -10,000 | -34,000 | 11,000 |
Statute expirations and tax settlements | |||||||||||
0 | 0 | 13,280 | 7,827 | 19,331 | - | 13,152 | 13,795 | 10,686 | 5,568 | 27,755 | 130,594 |
Deferred taxes | |||||||||||
70,594 | 100,286 | -7,912 | 4,675 | 62,084 | -29,708 | 77,444 | -17,398 | 12,707 | 74,662 | 62,945 | -47,980 |
Excess tax benefit from stock-based plans | |||||||||||
- | - | - | - | 4,089 | 6,668 | 4,356 | 12,737 | 893 | 1,294 | 17,104 | 20,257 |
Net retirement plan accrual (contributions) | |||||||||||
-16,472 | -8,846 | -1,756 | -37,805 | -40,093 | 10,586 | -46,877 | -69,581 | 22,264 | 44,798 | -154,531 | -26,763 |
Decrease (increase) in unbilled fees receivable | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -118,162 |
Changes in operating assets and liabilities | |||||||||||
297,722 | 11,899 | -135,393 | -303,896 | 408,861 | 261,596 | 195,510 | -61,593 | 173,007 | 143,932 | -273,392 | -317,364 |
Cash outflows from discontinued operations | |||||||||||
- | - | - | -316,195 | -8,058 | - | - | - | - | - | - | - |
Undistributed earnings of equity method investments | |||||||||||
- | - | - | - | - | - | - | - | -12,343 | 3,699 | 12,014 | 16,104 |
Other items | |||||||||||
-3,477 | -8,844 | -2,459 | 5,376 | -286 | -14,062 | -7,172 | -3,336 | -3,385 | -441 | 9,701 | 4,389 |
Cash provided (utilized) by operating activities | |||||||||||
162,164 | 601,971 | 705,919 | 849,132 | 642,574 | 788,906 | 603,771 | 889,769 | 550,914 | 905,012 | 991,594 | 921,592 |
Purchases of marketable securities | |||||||||||
483,513 | 237,360 | 359,986 | 386,021 | 410,508 | 492,633 | 922,024 | 857,787 | 853,622 | 1,663,013 | 1,346,335 | 995,002 |
Proceeds from the sales and maturities of marketable securities | |||||||||||
541,104 | 216,436 | 522,094 | 411,380 | 419,398 | 482,376 | 1,065,312 | 724,409 | 1,291,159 | 1,039,684 | 1,557,590 | 455,760 |
Capital expenditures | |||||||||||
210,998 | 283,107 | 235,904 | 240,220 | 324,704 | 288,487 | 254,747 | 338,167 | 265,410 | 233,113 | 299,611 | 284,240 |
Proceeds from disposal of property, plant and equipment | |||||||||||
81,038 | 96,102 | 81,162 | 94,323 | 105,872 | 74,028 | 102,379 | 53,752 | 53,692 | 37,568 | 48,495 | 60,396 |
Proceeds from sale of buildings | |||||||||||
- | - | - | 82,082 | - | - | - | - | - | - | - | - |
Proceeds from sale of joint venture interest | |||||||||||
124,942 | 0 | 0 | 45,566 | - | - | - | - | - | - | 79,209 | - |
Proceeds from sales of equity method investments | |||||||||||
- | - | - | - | 44,000 | 3,005 | 55,136 | 11,016 | - | - | - | - |
Investments in partnerships and joint ventures | |||||||||||
73,145 | 273,117 | 518,220 | 91,078 | 38,687 | 27,057 | 30,782 | 8,089 | 10,035 | 1,681 | 2,288 | - |
Return of capital from partnerships and joint ventures | |||||||||||
22,284 | 3,249 | 3,783 | - | - | - | - | - | - | - | - | - |
Consolidation of a variable interest entity | |||||||||||
- | - | - | - | - | 24,675 | - | - | - | - | - | - |
Investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 9,281 |
Acquisitions, net of cash acquired | |||||||||||
0 | 0 | 240,740 | - | - | 23,075 | 19,337 | 27,326 | - | - | 12,496 | - |
Deconsolidation of variable interest entity | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 17,190 |
Other items | |||||||||||
329 | 6,481 | -6,460 | -17,461 | -5,514 | -12,558 | 9,677 | -5,768 | -2,646 | -2,496 | 2,031 | 3,875 |
Cash provided (utilized) by investing activities | |||||||||||
1,383 | -484,278 | -741,351 | -66,507 | -199,115 | -234,610 | -13,740 | -436,424 | 218,430 | -818,059 | 22,533 | -793,432 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||
Repurchase of common stock | |||||||||||
50,022 | 0 | 9,718 | 509,658 | 906,083 | 200,052 | 389,233 | 639,556 | 175,058 | 125,419 | 374 | 287 |
Dividends paid | |||||||||||
118,734 | 117,995 | 117,995 | 125,204 | 126,218 | 78,716 | 128,650 | 87,678 | 90,093 | 90,692 | 89,928 | 70,399 |
Proceeds from issuance of 4.250% Senior Notes | |||||||||||
598,722 | 0 | 552,958 | - | - | - | - | 495,595 | - | - | - | - |
Repayment of 3.375% Senior Notes | |||||||||||
503,285 | 0 | 333,654 | - | - | - | - | - | - | - | - | - |
Proceeds from Long-term Lines of Credit | |||||||||||
0 | 0 | 882,142 | - | - | - | - | - | - | - | - | - |
Repayment of borrowings under revolving lines of credit | |||||||||||
0 | 53,455 | 917,027 | - | - | - | - | - | - | - | - | - |
Debt issuance costs | |||||||||||
5,061 | 0 | 3,513 | - | 7,685 | - | 3,241 | 4,066 | - | - | - | - |
Settlement of U.S. Treasury rate lock agreements | |||||||||||
- | - | - | - | - | - | - | 16,778 | - | - | - | - |
Repayment of debt | |||||||||||
- | - | - | - | - | - | - | - | 13,097 | 23,789 | 173,644 | 22,777 |
Distributions paid to noncontrolling interests | |||||||||||
63,523 | 47,000 | 57,904 | 58,986 | 138,041 | 124,853 | 100,623 | 103,659 | 83,656 | 75,727 | 23,515 | -16,550 |
Capital contributions by noncontrolling interests | |||||||||||
5,000 | 6,397 | 9,000 | 5,254 | 3,336 | 1,697 | 2,665 | 22,789 | 1,000 | - | 3,784 | - |
Taxes paid on vested restricted stock | |||||||||||
5,686 | 6,186 | 7,007 | 8,400 | 11,475 | 11,404 | 11,744 | 18,693 | 6,899 | 5,700 | 16,970 | 12,243 |
Repayment of corporate-owned life insurance loans | |||||||||||
- | - | - | - | - | - | - | - | 32,163 | - | - | - |
Capital contribution from joint venture partners | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 35,143 |
Stock options exercised | |||||||||||
7,258 | 9,380 | 3,658 | 1,780 | 24,189 | 52,838 | 11,592 | 25,410 | 14,040 | 2,671 | 13,377 | 12,537 |
Excess tax benefit from stock-based plans | |||||||||||
- | - | - | - | 4,089 | 6,668 | 4,356 | 12,737 | 893 | 1,294 | 17,104 | 20,257 |
Repayment of non-recourse project financing | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 23,376 |
Repayment of equity bridge loan | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 19,126 |
Proceeds from issuance of non-recourse project financing | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 101,665 |
Other items | |||||||||||
-5,288 | -6,428 | -11,362 | -4,591 | -3,049 | 10,688 | 5,766 | -4,692 | -4,839 | -5,635 | -2 | 86 |
Cash utilized by financing activities | |||||||||||
-140,491 | -215,502 | -10,350 | -728,230 | -666,416 | -369,569 | -616,626 | -395,825 | -389,872 | -322,997 | -270,168 | 17,173 |
Effect of exchange rate changes on cash | |||||||||||
-62,385 | 51,448 | -53,668 | -97,634 | -67,500 | -55,686 | 19,725 | -31,106 | 68,497 | 88,748 | -84,779 | 53,761 |
Increase (decrease) in cash and cash equivalents | |||||||||||
-39,329 | -46,361 | -99,450 | -43,239 | -290,457 | 129,041 | -6,870 | 26,414 | 447,969 | -147,296 | 659,180 | 199,094 |