| 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 (loss) | |||||||||||
143,019 | 79,078 | 313,903 | 142,804 | 227,970 | 284,608 | 256,299 | 212,619 | 185,492 | 117,382 | 127,538 | 158,473 |
Adjustments to reconcile net earnings (loss) to net cash provided by operations: | |||||||||||
Depreciation and amortization | |||||||||||
219,632 | 224,972 | 202,881 | 200,917 | 192,240 | 169,312 | 164,437 | 145,147 | 126,029 | 95,296 | 93,968 | 91,199 |
Provision (credit) for doubtful accounts | |||||||||||
-873 | 1,289 | 224 | -467 | 1,426 | 3,577 | 1,260 | -42 | 266 | 15 | 1,104 | 7,799 |
Provision (benefit) for deferred income taxes | |||||||||||
46,839 | 34,881 | -256,263 | 51,296 | 62,755 | 77,976 | 103,056 | 77,005 | 70,004 | 34,439 | 42,424 | 34,280 |
Gain (loss) on disposition of assets | |||||||||||
8,152 | 1,968 | -4,487 | -127 | 1,672 | 781 | 888 | -14 | 40 | -78 | 1,079 | 142 |
Equity in earnings of affiliates, net of distributions and contributions | |||||||||||
-471 | 355 | -732 | 532 | -449 | 384 | 348 | -1,874 | 347 | 283 | 874 | 134 |
Impairments and other charges | |||||||||||
35,525 | 85,407 | 105,712 | - | - | - | - | - | - | - | - | - |
Impairment of goodwill | |||||||||||
- | - | - | 0 | - | - | - | - | - | - | 1,901 | - |
Amortization of unearned share-based compensation | |||||||||||
13,612 | 19,104 | 11,460 | 11,675 | 11,104 | 11,591 | 11,621 | 9,796 | 9,228 | 10,867 | 9,855 | 9,258 |
Amount of amortization expense attributable to right-of-use asset from operating lease. | |||||||||||
-490 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. | |||||||||||
23,962 | 20,760 | 21,207 | 19,869 | 22,126 | -16,409 | -9,029 | - | - | - | - | - |
Amortization of debt issuance costs | |||||||||||
1,702 | 1,218 | 986 | 801 | 1,377 | 2,362 | - | - | - | - | - | - |
Impairment of long-lived assets | |||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - | - |
Other | |||||||||||
- | - | - | - | - | - | - | -3,924 | -901 | 0 | -104 | 65 |
Increase (decrease) in cash flows resulting from changes in: | |||||||||||
Accounts receivable | |||||||||||
-43,078 | -12,511 | 60,405 | 12,750 | -129,908 | 176,544 | -2,235 | 8,744 | 58,351 | 17,563 | -59,083 | 21,277 |
Inventory | |||||||||||
-122,773 | 144,685 | -19,673 | -3,182 | 7,320 | 56,468 | -43,275 | 46,372 | 26,355 | -973 | -8,724 | -6,208 |
Other assets | |||||||||||
25,470 | 38,090 | 17,049 | 30,853 | 15,551 | 14,145 | 47,526 | 5,180 | 7,247 | 2,511 | 1,585 | -7,053 |
Income taxes payable | |||||||||||
-2,503 | -457 | -11,823 | 15,413 | 477 | -4,544 | 313 | -4,347 | 3,026 | -13,284 | 3,557 | -7,530 |
Accounts payable | |||||||||||
-57,405 | 22,622 | 20,758 | -1,739 | -81,808 | 44,645 | 23,088 | -10,484 | 21,492 | 19,262 | -25,929 | -22,888 |
Accrued and other liabilities | |||||||||||
-43,907 | 30,712 | -3,105 | 16,051 | -19,201 | 81,295 | 35,181 | -49,480 | -12,183 | 605 | 3,510 | -16,417 |
Net cash provided by operating activities | |||||||||||
511,813 | 346,999 | 353,378 | 415,794 | 524,280 | 438,909 | 601,032 | 325,730 | 311,995 | 245,246 | 319,885 | 245,947 |
Cash flows from investing activities: | |||||||||||
Capital expenditures | |||||||||||
248,164 | 301,861 | 177,222 | 231,066 | 345,475 | 355,144 | 253,227 | 312,167 | 226,238 | 136,841 | 192,660 | 173,019 |
Acquisitions of businesses and marine equipment | |||||||||||
262,491 | 533,897 | 470,101 | 137,072 | 41,250 | 31,800 | 3,643 | 380,925 | 859,512 | 0 | 0 | 5,480 |
Proceeds from disposition of assets | |||||||||||
57,657 | 53,392 | 54,229 | 18,617 | 24,429 | 10,393 | 33,982 | 19,651 | 11,821 | 9,725 | 7,388 | 1,978 |
Retirement of interest rate swaps assumed in acquisition | |||||||||||
- | - | - | - | - | - | - | - | 14,803 | 0 | - | - |
Other | |||||||||||
0 | 250 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||||
-452,998 | -782,616 | -593,094 | -349,521 | -362,296 | -376,551 | -222,888 | -673,441 | -1,088,732 | -127,116 | -185,272 | -176,521 |
Borrowings (payments) on bank credit facilities, net | |||||||||||
-417,376 | -78,455 | 269,859 | -52,848 | 160,784 | 75,550 | -150,960 | 97,110 | 95,000 | 0 | -46,000 | 49,050 |
Borrowings on long-term debt | |||||||||||
500,000 | 499,295 | 0 | 0 | - | - | 225,000 | 275,000 | 531,646 | 0 | - | - |
Payments on long-term debt | |||||||||||
125,000 | 0 | 13,721 | - | 100,000 | 108,000 | 460,000 | 39,005 | 33,128 | 105 | 1,087 | 1,091 |
Payments of debt issue costs | |||||||||||
2,397 | 4,276 | 1,243 | 0 | - | - | - | - | - | - | - | - |
Amount payment to noncontrolling interest for return of investment during the period. | |||||||||||
817 | 915 | 862 | 1,976 | 1,778 | 3,192 | - | - | - | - | - | - |
Proceeds from noncontrolling interest investments | |||||||||||
- | - | - | - | - | - | - | - | 268 | 69 | 315 | 113 |
Proceeds from exercise of stock options | |||||||||||
5,743 | 13,264 | 3,039 | 321 | 3,712 | 7,519 | 6,635 | 8,932 | 4,367 | 4,884 | 2,774 | 12,888 |
Purchase of treasury stock | |||||||||||
0 | 776 | 0 | 1,827 | 241,105 | 15,321 | 0 | 0 | - | 23,793 | 657 | 33,377 |
Payments related to tax withholding for share-based compensation | |||||||||||
2,031 | 4,822 | 2,881 | 1,756 | 2,975 | - | - | - | - | - | - | - |
Payment of contingent liability | |||||||||||
- | - | - | - | - | 4,756 | 5,000 | 0 | 0 | - | - | - |
Acquisitions of noncontrolling interest | |||||||||||
0 | 0 | 7 | 8,438 | 0 | 0 | 3,857 | 2,728 | 2,115 | 1,794 | 1,782 | 894 |
Excess tax benefit from equity compensation plans | |||||||||||
- | - | - | - | 964 | 6,119 | 3,001 | 3,212 | 1,348 | 373 | 1,013 | 5,515 |
Net cash provided by (used in) financing activities | |||||||||||
-41,878 | 423,315 | 254,184 | -66,524 | -180,398 | -42,081 | -385,181 | 342,521 | 597,386 | -20,366 | -45,424 | -65,896 |
Increase (decrease) in cash and cash equivalents | |||||||||||
16,937 | -12,302 | 14,468 | -251 | -18,414 | 20,277 | -7,037 | -5,190 | -179,351 | 97,764 | 89,189 | 3,530 |
Supplemental disclosures of cash flow information: | |||||||||||
Cash paid (received) during the period [Abstract] | |||||||||||
Cash paid during the period [Abstract] | |||||||||||
Interest paid | |||||||||||
55,766 | 40,772 | 21,663 | 19,878 | 20,586 | 19,622 | 21,393 | 21,364 | 16,455 | 10,604 | 10,899 | 14,002 |
Income taxes refunded | |||||||||||
2,926 | 640 | 27,196 | 18,162 | 69,584 | 90,460 | 46,136 | 52,105 | 34,926 | 50,743 | 31,005 | 65,180 |
Operating cash outflow from operating leases | |||||||||||
39,376 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Non-cash investing activity: [Abstract] | |||||||||||
Current and future cash outflow to pay for purchases of fixed assets that have occurred. | |||||||||||
13,875 | -16,441 | 5,525 | -2,037 | 2,206 | 0 | 0 | - | - | - | - | - |
Fair value of property transferred in acquisition | |||||||||||
- | - | - | 3,681 | 0 | 0 | - | - | - | - | - | - |
The amount of equity interest of the acquirer issued as consideration in acquiring a business in a noncash (or part noncash) acquisition. | |||||||||||
0 | 0 | 366,554 | 0 | - | - | - | - | - | - | - | - |
Stock issued in acquisition | |||||||||||
- | - | - | - | 0 | - | - | 29,080 | 113,019 | 0 | - | - |
Cash acquired in acquisition | |||||||||||
0 | 2,313 | 98 | 0 | 0 | - | - | 2,301 | 4,044 | 0 | - | - |
Disposition of assets for receivables | |||||||||||
- | - | - | - | - | - | - | - | 682 | 1,569 | 934 | - |
Debt assumed in acquisition | |||||||||||
0 | 0 | 13,724 | 0 | 0 | - | - | - | - | - | - | - |
Right-of-use assets obtained in exchange for lease obligations | |||||||||||
21,195 | 0 | 0 | - | - | - | - | - | - | - | - | - |