v3.22.2
Condensed Consolidated Cash Flow Statements (Unaudited) - USD ($)
$ in Thousands |
6 Months Ended |
|
|
Cash flows from operating activities: |
|
|
Net income |
$ 94,486
|
$ 72,713
|
Adjustments to reconcile net income to net cash from operating activities: |
|
|
Depreciation and amortization |
42,686
|
43,272
|
Loss on debt extinguishment |
6,392
|
0
|
Share-based compensation |
10,870
|
13,513
|
Asset impairments |
0
|
6,995
|
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes, acquired businesses and disposals: |
|
|
Receivables |
(20,699)
|
(90,810)
|
Inventories |
(47,305)
|
(50,111)
|
Accounts payable |
(23,563)
|
50,158
|
Accrued liabilities |
(58,525)
|
227
|
Income taxes |
163
|
1,474
|
Other assets |
(2,634)
|
(6,924)
|
Other liabilities |
(10,452)
|
(13,853)
|
Net cash provided by (used for) operating activities |
(8,581)
|
26,654
|
Cash flows from investing activities: |
|
|
Proceeds from disposal of businesses, net of cash sold |
338,686
|
10,798
|
Proceeds from disposal of tangible assets |
1,424
|
3,249
|
Capital expenditures |
(31,010)
|
(30,866)
|
Cash used for acquisitions and investments, net of cash acquired |
(104,123)
|
(73,749)
|
Purchase of intangible assets |
0
|
(3,650)
|
Net cash provided by (used for) investing activities |
204,977
|
(94,218)
|
Cash flows from financing activities: |
|
|
Payments under borrowing arrangements |
(230,639)
|
(1,841)
|
Payments under share repurchase program |
(66,559)
|
0
|
Withholding tax payments for share-based payment awards |
(5,167)
|
(2,009)
|
Cash dividends paid |
(4,520)
|
(4,493)
|
Payments under financing lease obligations |
(83)
|
(75)
|
Debt issuance costs paid |
0
|
(1,728)
|
Proceeds from issuance of common stock |
3,717
|
0
|
Net cash used for financing activities |
(303,251)
|
(10,146)
|
Effect of foreign currency exchange rate changes on cash and cash equivalents |
(9,220)
|
(993)
|
Decrease in cash and cash equivalents |
(116,075)
|
(78,703)
|
Cash and cash equivalents, beginning of period |
643,757
|
501,994
|
Cash and cash equivalents, end of period |
$ 527,682
|
$ 423,291
|
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