CASH FLOWS FROM OPERATING ACTIVITIES: 
Net earnings                            $  418,733   $  514,457 
Adjustments to reconcile net earnings 
to net cash from operating 
activities: 
 
   Depreciation                            124,641      110,563 
   Amortization of intangibles              23,521       21,327 
   Expense associated with share-based 
    and grant compensation 
    arrangements                            38,163       34,899 
   Deferred income taxes                   (15,382)      (5,573) 
   Unrealized gain on investment and 
    other                                   (1,217)      (2,435) 
   Equity in (earnings) loss of 
    investee                                   (89)       2,367 
   Net loss (gain) on sale, 
    disposition and impairment of 
    assets                                     678         (260) 
   Impairment of intangibles                 5,479           -- 
   Gain from reduction of estimated 
    earnout liability                       (2,460)      (3,177) 
   Changes in: 
      Accounts receivable                   47,070       81,659 
      Inventories                            6,356      250,561 
      Accounts payable                      22,394       (3,578) 
      Accrued liabilities and other        (25,316)     (40,920) 
                                         ---------    --------- 
         NET CASH FROM OPERATING 
          ACTIVITIES                       642,571      959,890 
 
CASH FLOWS USED IN INVESTING 
ACTIVITIES: 
Purchases of property, plant, and 
 equipment                                (232,274)    (180,382) 
Proceeds from sale of property, plant 
 and equipment                              11,501        3,291 
Acquisitions, net of cash received and 
 purchase of equity method investment      (29,830)     (52,383) 
Purchases of investments                   (55,397)     (29,806) 
Proceeds from sale of investments           30,844       29,935 
Other                                        4,406      (10,819) 
                                         ---------    --------- 
         NET CASH USED IN INVESTING 
          ACTIVITIES                      (270,750)    (240,164) 
 
CASH FLOWS USED IN FINANCING 
ACTIVITIES: 
Borrowings under revolving credit 
 facilities                                 29,913       28,462 
Repayments under revolving credit 
 facilities                                (32,256)     (30,125) 
Repayments of debt                         (40,000)         (29) 
Repayment of debt on behalf of 
 investee                                   (6,303)          -- 
Contingent consideration payments and 
 other                                      (4,868)      (6,262) 
Proceeds from issuance of common stock       2,811        2,750 
Dividends paid to shareholders             (80,782)     (68,238) 
Distributions to noncontrolling 
 interest                                  (11,848)      (7,355) 
Purchase of remaining noncontrolling 
 interest of subsidiary                     (4,902)          -- 
Payments to taxing authorities in 
 connection with shares directly 
 withheld from employees                   (17,838)          -- 
Repurchase of common stock                (141,120)     (82,149) 
Other                                           73           86 
                                         ---------    --------- 
         NET CASH USED IN FINANCING 
          ACTIVITIES                      (307,120)    (162,860) 
 
Effect of exchange rate changes on 
 cash                                       (7,363)       5,767 
                                         ---------    --------- 
NET CHANGE IN CASH AND CASH 
 EQUIVALENTS                                57,338      562,633 
 
ALL CASH AND CASH EQUIVALENTS, 
 BEGINNING OF PERIOD                     1,122,256      559,623 
                                         ---------    --------- 
 
ALL CASH AND CASH EQUIVALENTS, END OF 
 PERIOD                                 $1,179,594   $1,122,256 
                                         =========    ========= 
 
Reconciliation of cash and cash 
equivalents and restricted cash: 
Cash and cash equivalents, beginning 
 of period                              $1,118,329   $  559,397 
Restricted cash, beginning of period         3,927          226 
                                         ---------    --------- 
All cash and cash equivalents, 
 beginning of period                    $1,122,256   $  559,623 
 
Cash and cash equivalents, end of 
 period                                 $1,171,828   $1,118,329 
Restricted cash, end of period               7,766        3,927 
                                         ---------    --------- 
All cash and cash equivalents, end of 
 period                                 $1,179,594   $1,122,256 
                                         =========    ========= 
 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250217034441/en/

 
    CONTACT:    Stanley Elliott 

Director of Investor Relations

(804) 337-8217

(END) Dow Jones Newswires

February 17, 2025 16:05 ET (21:05 GMT)