XML 21 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 01, 2016
Jul. 03, 2015
Cash flows from operating activities:    
Net earnings $ 284,911 $ 312,925
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Share-based compensation expense 36,021 36,594
Tax benefits from exercises of share-based payment awards 1,320 12,300
Excess tax benefits from share-based compensation (2,094) (12,303)
Depreciation 46,709 44,893
Amortization of intangible assets 9,662 5,112
Deferred taxes 2,361 15,218
Provision for doubtful accounts receivable 5,203 2,811
Other, net 2,553 1,386
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (94,637) 14,045
Inventories (72,090) (77,288)
Prepaid expenses and other assets (35,396) (32,702)
Accounts payable (5,055) 281
Accrued liabilities and other long-term liabilities 18,765 (39,845)
Deferred revenues and advance payments from customers 6,111 32,740
Net cash provided by operating activities 204,344 316,167
Cash flows from investing activities:    
Purchases of property, plant and equipment (60,950) (57,084)
Issuance of notes receivable (10,301) (5,000)
Sale of notes receivable 8,326 0
Sale of available-for-sale securities 8,638 0
Investment in available-for-sale securities (2,509) (942)
Acquisition of businesses, net of cash acquired (1,244) (11,585)
Net amounts received from (paid to) deferred compensation plan trust account (2,907) 2,507
Other 499 (1,085)
Net cash used in investing activities (60,448) (73,189)
Cash flows from financing activities:    
Repurchases of common stock (374,217) (293,570)
Proceeds from issuance of common stock to employees 36,647 86,536
Excess tax benefits from share-based compensation 2,094 12,303
Employees' taxes withheld and paid for restricted stock and restricted stock units (10,838) (16,200)
Borrowings under credit facility agreement 83,000 125,000
Repayments under credit facility agreement (120,500) (162,500)
Net borrowings under credit facility agreements with maturities less than 90 days 240,000 95,478
Contingent consideration and hold back (5,574) (3,341)
Capital contribution from noncontrolling interest holders 496 2,893
Net cash used in financing activities (148,892) (153,401)
Effects of exchange rate changes on cash and cash equivalents (4,536) 12,585
Net increase (decrease) in cash and cash equivalents (9,532) 102,162
Cash and cash equivalents at beginning of period 845,468 [1] 849,275
Cash and cash equivalents at end of period $ 835,936 $ 951,437
[1] The condensed consolidated balance sheet as of October 2, 2015 was derived from audited financial statements as of that date, but does not include all disclosures required by accounting principles generally accepted in the United States of America.