XML 67 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net Income $ 958,594 $ 80,817
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 159,917 191,388
Amortization of intangible assets 13,847 9,867
Intangible assets impairment charge 7,774 0
Net pension (benefit) expense (51,637) 11,425
Early retirement program expense 8,374 22,700
Stock-based compensation expense, net 13,123 34,429
Foreign exchange loss 2,618 9,350
Net (gain) loss on sales and disposition of businesses (354,612) 70
Net gain on disposition or write-downs of marketable equity securities and cost method investments (266,173) (714)
Equity in earnings of affiliates, net of certain distributions (96,315) (13,168)
Provision (benefit) for deferred income taxes 8,329 (8,802)
Net (gain) loss on sale or write-down of property, plant and equipment (119,158) 1,476
Net gain on sale of intangible assets (75,249) 0
Change in assets and liabilities:    
Decrease (increase) in restricted cash 45,174 (18,667)
Increase in accounts receivable, net (12,867) (32,717)
(Increase) decrease in inventories (1,978) 1,138
(Decrease) increase in accounts payable and accrued liabilities (56,666) 8,587
Increase in deferred revenue 70,011 31,885
Increase in income taxes payable 68,081 21,884
Decrease (increase) in other assets and other liabilities, net 17,278 (4,662)
Other (1,588) 1,340
Net Cash Provided by Operating Activities 336,877 347,626
Cash Flows from Investing Activities    
Investments in commercial paper (399,758) 0
Proceeds from maturities of commercial paper 349,793 0
Net proceeds from sales of businesses, property, plant and equipment and other assets 248,938 5,800
Investments in certain businesses, net of cash acquired (200,793) (19,927)
Purchases of property, plant and equipment (162,441) (143,298)
Net distribution from equity affiliate 93,481 0
Purchases of equity affiliates and cost method investments (8,388) (12,029)
Other (5,097) (3)
Net Cash Used in Investing Activities (84,265) (169,457)
Cash Flows from Financing Activities    
Common shares repurchased, including the Berkshire Exchange transaction (327,718) (4,196)
Dividends paid (53,131) (649)
Repayments of short-term borrowing (1,315) (240,303)
Other 6,028 (2,397)
Net Cash Used in Financing Activities (376,136) (247,545)
Effect of Currency Exchange Rate Change (2,936) (1,396)
Net Decrease in Cash and Cash Equivalents (126,460) (70,772)
Beginning Cash and Cash Equivalents 569,719 512,431
Ending Cash and Cash Equivalents 441,786 441,659
Ending Cash and Cash Equivalents, Including Cash of Discontinued Operations $ 443,259