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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Cash Flows From Operating Activities:      
Net income $ 228,328 $ 305,984 $ 109,851
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 62,188 58,543 55,715
Amortization 36,988 31,526 30,621
Reversal of contingent consideration obligations (29,665)    
Impairment on investment in Kemrock     51,092
Loss Contingency     65,134
Asset impairment charge 818   7,416
Other-than-temporary impairments on marketable securities 22 161 14,279
Deferred income taxes 97,502 6,572 (40,991)
Stock-based compensation expense 31,741 23,568 17,145
Other (1,954) (1,833) (2,190)
Changes in assets and liabilities, net of effect from purchases and sales of businesses:      
(Increase) in receivables (90,230) (79,080) (6,853)
(Increase) in inventory (31,348) (59,001) (40,079)
(Increase) decrease in prepaid expenses and other current and long-term assets (4,590) (12,586) 2,236
(Decrease) increase in accounts payable (16,249) 42,216 70,803
(Decrease) increase in accrued compensation and benefits (1,297) 19,193 (8,399)
(Decrease) in accrued loss reserves (7,218) (146) (1,847)
Increase in other accrued liabilities 57,385 14,855 61,035
(Decrease) in contingent payment   (63,014)  
Other (1,973) (8,809) (16,514)
Cash From Operating Activities 330,448 278,149 368,454
Cash Flows From Investing Activities:      
Capital expenditures (85,363) (93,792) (91,367)
Acquisition of businesses, net of cash acquired (467,573) (39,248) (397,425)
Purchase of marketable securities (61,511) (83,536) (106,301)
Proceeds from sales of marketable securities 40,279 62,896 106,509
Proceeds from sales of assets and businesses 4,079 2,794 128
Other 10,636 1,175 11,052
Cash (Used For) Investing Activities (559,453) (149,711) (477,404)
Cash Flows From Financing Activities:      
Additions to long-term and short-term debt 460,560 208,532 300,902
Reductions of long-term and short-term debt (162,318) (215,011) (49,376)
Cash dividends (136,179) (125,743) (117,647)
Repurchase of stock (39,528) (12,906) (3,014)
Payments of acquisition-related contingent consideration, less fair value adjustments (22,179) (5,000)  
Exercise of stock options and awards, including tax benefit 8,560 11,934 7,285
Other 1,277 951  
Cash From (Used For) Financing Activities 110,193 (137,243) 138,150
Effect of Exchange Rate Changes on Cash and Cash Equivalents (39,345) (1,881) (1,614)
Net Change in Cash and Cash Equivalents (158,157) (10,686) 27,586
Cash and Cash Equivalents at Beginning of Period 332,868 343,554 315,968
Cash and Cash Equivalents at End of Period 174,711 332,868 343,554
Cash paid during the year for:      
Interest 79,371 81,505 77,869
Income taxes $ 27,486 $ 103,338 106,043
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Debt from business combinations     $ 1,377