| 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 | |||||||||||
343,853 | 341,054 | 252,412 | 40,674 | 345,713 | 225,573 | 210,822 | 149,126 | 142,328 | 102,840 | 48,967 | 120,879 |
Adjustments to reconcile net earnings to net cash provided by operating activities | |||||||||||
Impairment | |||||||||||
- | - | - | 192,020 | 0 | 0 | - | - | - | - | - | - |
Depreciation and amortization | |||||||||||
48,911 | 47,754 | 45,583 | 48,290 | 44,607 | 35,515 | 37,316 | 38,762 | 32,483 | 33,973 | 35,140 | 35,495 |
Deferred income taxes | |||||||||||
-6,411 | 15,405 | 34,446 | -35,561 | -11,585 | 329 | -1,715 | -10,786 | -1,814 | -4,248 | -69 | -160 |
Share-based compensation | |||||||||||
26,669 | 25,565 | 23,652 | 21,134 | 19,224 | 17,249 | 16,545 | 12,409 | 10,994 | 10,024 | 9,369 | 9,051 |
Excess tax benefit related to share-based payment arrangements | |||||||||||
- | - | - | - | - | 6,634 | 8,347 | 4,217 | 2,195 | 1,988 | 375 | 2,873 |
(Gain) loss on sale of business | |||||||||||
- | - | - | - | 149,894 | 0 | 0 | - | - | - | - | - |
Change in | |||||||||||
Accounts receivable | |||||||||||
-8,934 | 12,402 | 37,669 | -4,506 | 18,276 | 26,557 | 11,880 | 2,752 | 26,767 | 23,285 | -28,420 | -14,965 |
Inventories | |||||||||||
-12,435 | 30,719 | 32,011 | 693 | 34,109 | 15,079 | 10,186 | -5,941 | 13,440 | 32,997 | -32,663 | 9,937 |
Trade accounts payable | |||||||||||
-539 | -1,976 | 4,588 | 553 | 4,305 | 450 | 2,436 | -952 | 5,974 | 1,670 | -701 | -6,806 |
Salaries and incentives | |||||||||||
-14,069 | 2,336 | 11,431 | -6,809 | -1,385 | 1,520 | 2,022 | -4,251 | -3,469 | 20,453 | -2,893 | -3,169 |
Retirement benefits and deferred compensation | |||||||||||
13,264 | -27,237 | 6,920 | 10,995 | 11,870 | 5,052 | 3,629 | 3,209 | 7,228 | -1,428 | -848 | -2,672 |
Other accrued liabilities | |||||||||||
-11,510 | 7,517 | 35,321 | 3,298 | 1,645 | 6,151 | 5,556 | 3,288 | 8,148 | -18 | -2,838 | 5,658 |
Other | |||||||||||
2,803 | -688 | 6,809 | 2,401 | 20,701 | 2,314 | 3,143 | 95 | -2,574 | 3,873 | 303 | -2,047 |
Net cash provided by operating activities | |||||||||||
418,734 | 367,985 | 337,864 | 276,006 | 191,414 | 241,255 | 243,055 | 189,682 | 162,044 | 101,123 | 146,532 | 162,478 |
Cash Flows From Investing Activities | |||||||||||
Property, plant and equipment additions | |||||||||||
127,953 | 53,854 | 40,194 | 42,113 | 41,749 | 30,636 | 23,319 | 18,234 | 23,854 | 16,620 | 11,463 | 29,102 |
Proceeds from sale of property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 770 | 1,768 |
Acquisition of businesses, net of cash acquired | |||||||||||
26,577 | 10,769 | 27,905 | 48,946 | 189,017 | 185,462 | 11,560 | 240,068 | 2,139 | 0 | 0 | 55,186 |
Proceeds from sale of assets | |||||||||||
- | - | - | - | 610,162 | 0 | 1,600 | 0 | 0 | - | - | - |
Change in restricted assets | |||||||||||
- | - | - | - | 9,518 | 0 | 0 | - | - | - | - | - |
Investment in businesses held separate | |||||||||||
- | - | - | - | - | -530 | -4,516 | 426,813 | 0 | 0 | - | - |
Other | |||||||||||
939 | 1,624 | 348 | 164 | -61 | 1,163 | 2,475 | 9,405 | 2,004 | 2,149 | - | - |
Investment in life insurance | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,499 | 1,499 |
Capitalized software and other intangible asset additions | |||||||||||
- | - | - | - | - | - | - | - | - | - | 602 | 1,327 |
Net cash provided by (used in) investing activities | |||||||||||
-155,469 | -66,247 | -68,447 | -91,223 | 369,939 | -216,731 | -31,238 | -694,520 | -27,997 | -18,769 | -12,794 | -85,346 |
Cash Flows From Financing Activities | |||||||||||
Borrowings (payments) on short-term lines of credit, net | |||||||||||
-3,341 | 4,931 | -3,026 | -5,995 | 11,216 | -4,459 | 1,280 | -619 | 497 | -3,205 | - | - |
Borrowings on short-term lines of credit | |||||||||||
- | - | - | - | - | - | - | - | - | - | 10,824 | 12,431 |
Payments on short-term lines of credit | |||||||||||
- | - | - | - | - | - | - | - | - | - | 17,209 | 13,760 |
Borrowings on long-term lines of credit | |||||||||||
105,423 | 620,746 | 315,920 | 648,134 | 720,605 | 717,845 | 419,905 | 649,325 | 402,175 | 140,540 | 270,715 | 450,470 |
Payments on long-term debt and lines of credit | |||||||||||
207,191 | 583,212 | 395,570 | 735,144 | 942,910 | 511,215 | 568,122 | 392,845 | 172,430 | 156,545 | 364,455 | 377,530 |
Payments of debt issuance costs | |||||||||||
- | - | - | 860 | 0 | 890 | 0 | 1,921 | 1,131 | 0 | 0 | - |
Excess tax benefit related to share-based payment arrangements | |||||||||||
- | - | - | - | - | 6,634 | 8,347 | 4,217 | 2,195 | 1,988 | 375 | 2,873 |
Common stock issued | |||||||||||
48,250 | 24,634 | 60,685 | 35,796 | 20,165 | 30,199 | 41,664 | 30,194 | 22,231 | 12,794 | 6,571 | 13,701 |
Common stock repurchased | |||||||||||
9,482 | 244,814 | 90,160 | 50,497 | 274,503 | 195,326 | 67,827 | 1,378 | 43,250 | 24,218 | 187 | 114,836 |
Payment, Tax Withholding, Share-based Payment Arrangement | |||||||||||
1,268 | 16,151 | 24,448 | 3,165 | 1,330 | - | - | - | - | - | - | - |
Cash dividends paid | |||||||||||
106,443 | 88,845 | 80,477 | 73,434 | 69,429 | 66,362 | 61,139 | 54,302 | 50,646 | 48,146 | 45,444 | 44,702 |
Net cash provided by (used in) financing activities | |||||||||||
-174,052 | -282,711 | -217,076 | -185,165 | -536,186 | -23,574 | -225,892 | 232,671 | 159,641 | -76,792 | -138,810 | -71,353 |
Effect of exchange rate changes on cash | |||||||||||
-358 | 187 | -1,032 | 164 | 3,472 | 2,950 | 2,711 | 137 | -129 | -1,383 | -1,635 | 1,418 |
Net increase (decrease) in cash and cash equivalents | |||||||||||
88,855 | 19,214 | 51,309 | -218 | 28,639 | 3,900 | -11,364 | -272,030 | 293,559 | 4,179 | -6,707 | 7,197 |