 |
 |
 |
|
| |
| Year
Ended October 31, |
|
2000 |
|
|
1999 |
|
|
1998 |
|
| (in
thousands) |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Cash
Flows From Operating Activities |
|
|
|
|
|
|
|
|
| Net
earnings |
$ |
123,949 |
|
$ |
104,187 |
|
$ |
235,344 |
| Adjustments
to reconcile net earnings to cash provided by operating
activities: |
|
|
|
|
|
|
|
|
| --Depreciation,
depletion and amortization |
|
311,688 |
|
|
318,204 |
|
|
288,870 |
| --Deferred
taxes |
|
(2,651) |
|
|
29,268 |
|
|
28,780 |
| --Special
provision, net of cash payments |
|
(36,619) |
|
|
85,410 |
|
|
— |
| --Provision
for impairment/abandonment of joint ventures and investments |
|
42,793 |
|
|
— |
|
|
— |
| --Provision
for spin-off transaction expenses, net of cash payments |
|
21,762 |
|
|
— |
|
|
— |
| --Changes
in operating assets and liabilties,excluding effects of
business acquisitions/dispositions |
|
(339,514) |
|
|
(22,551) |
|
|
168,576 |
| --Equity
in (earnings) losses of investees |
|
14,800 |
|
|
(44,651) |
|
|
(12,035) |
| --Other,
net |
|
5,592 |
|
|
(4,991) |
|
|
(7,016) |
|
| Cash
provided by operating activities |
|
141,800 |
|
|
464,876 |
|
|
702,519 |
|
| |
|
|
|
|
|
|
|
|
| Cash
Flows From Investing Activities |
|
|
|
|
|
|
|
|
| Capital
expenditures – continuing operations |
|
(284,079) |
|
|
(277,033) |
|
|
(304,533) |
| Capital
expenditures and acquisitions – Coal segment |
|
(211,487) |
|
|
(227,301) |
|
|
(308,404) |
| Proceeds
from sales and maturities of marketable securities |
|
— |
|
|
— |
|
|
10,089 |
| Investments,
net |
|
28,384 |
|
|
(4,688) |
|
|
(20,745) |
| Proceeds
from sale of property, plant and equipment |
|
92,966 |
|
|
105,154 |
|
|
125,493 |
| Contributions
to deferred compensation trusts |
|
— |
|
|
(8,160) |
|
|
(21,365) |
| Net
assets held for sale, including cash |
|
— |
|
|
36,300 |
|
|
(26,375) |
| Other,
net |
|
(12,681) |
|
|
549 |
|
|
(17,477) |
|
| Cash
utilized by investing activities |
|
(386,897) |
|
|
(375,179) |
|
|
(563,317) |
|
| |
|
|
|
|
|
|
|
|
| Cash
Flows From Financing Activities |
|
|
|
|
|
|
|
|
| Cash
dividends paid |
|
(75,983) |
|
|
(60,692) |
|
|
(63,497) |
| Increase
(decrease) in short-term borrowings, net |
|
150,116 |
|
|
(299,212) |
|
|
341,809 |
| Proceeds
from issuance of note payable to affiliate |
|
51,433 |
|
|
113,379 |
|
|
— |
| Proceeds
from (payments on) long-term debt, net |
|
— |
|
|
16,951 |
|
|
(285) |
| Stock
options exercised |
|
5,829 |
|
|
10,760 |
|
|
9,935 |
| Purchases
of common stock |
|
(23,003) |
|
|
— |
|
|
(378,979) |
| Other,
net |
|
(3,483) |
|
|
(1,813) |
|
|
(6,965) |
|
| Cash
provided (utilized) by financing activities |
|
104,909 |
|
|
(220,627) |
|
|
(97,982) |
|
| (Decrease)
increase in cash and cash equivalents |
|
(140,188) |
|
|
(130,930) |
|
|
41,220 |
| Cash
and cash equivalents at beginning of year |
|
209,614 |
|
|
340,544 |
|
|
299,324 |
|
| Cash
and cash equivalents at end of year |
$ |
69,426 |
|
$ |
209,614 |
|
$ |
340,544 |
| |
|
| |
| |
| See
Notes to Consolidated Financial Statements. |
| |
|
|
|
|
