XML 54 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 10, 2015
Oct. 04, 2014
CASH FLOWS PROVIDED BY (DISBURSED FOR) OPERATING ACTIVITIES:    
Net income $ 156,945 $ 147,729
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of assets 2,275 4,489
Stock-based compensation 13,291 14,186
Loss reclassified from accumulated other comprehensive income to net income 6,205 3,658
Depreciation and amortization 99,704 98,686
Deferred income taxes 11,029 8,244
Provision for inventory obsolescence 839 1,026
Allowances for accounts receivable 2,340 3,206
Pension and postretirement plans income (4,677) (7,730)
Other (1,913) (4,122)
Qualified pension plan contributions (10,000) (12,999)
Changes in operating assets and liabilities, net of acquisitions and disposals:    
Accounts and notes receivable, net (19,710) (6,873)
Inventories, net (10,461) 1,971
Hedging activities, net (8,387) (16,286)
Other assets (2,377) (12,088)
Accounts payable 31,214 (3,798)
Other accrued liabilities 14,225 943
NET CASH PROVIDED BY OPERATING ACTIVITIES 280,542 220,242
CASH FLOWS PROVIDED BY (DISBURSED FOR) INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (61,258) (58,564)
Proceeds from sale of property, plant and equipment 10,347 18,164
Repurchase of independent distributor territories (16,255) (14,845)
Principal payments from notes receivable 19,916 17,436
Contingently refundable consideration   7,500
Acquisition of business, net of cash acquired (280,848)  
Acquisition of intangible assets (5,000)  
NET CASH DISBURSED FOR INVESTING ACTIVITIES (333,098) (30,309)
CASH FLOWS PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES:    
Dividends paid, including dividends on share-based payment awards (89,672) (74,493)
Exercise of stock options 18,571 17,096
Excess windfall tax benefit related to share-based payment awards 8,742 7,139
Payments for financing fees (602) (577)
Stock repurchases (6,858) (19,791)
Change in bank overdrafts (10,868) (3,002)
Proceeds from debt borrowings 710,500 942,900
Debt and capital lease obligation payments (576,000) (1,059,660)
NET CASH PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES 53,813 (190,388)
Net increase (decrease) in cash and cash equivalents 1,257 (455)
Cash and cash equivalents at beginning of period 7,523 8,530
Cash and cash equivalents at end of period $ 8,780 $ 8,075