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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operations    
Net Income $ 66,036 $ 70,993
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 32,082 29,140
Deferred income taxes (389) (146)
Net gains on disposal of property (4,946) (276)
Net income attributable to noncontrolling interests (177) (164)
Changes in assets and liabilities:    
Trade receivables (6,696) (80,908)
Merchandise inventory (56,416) (38,564)
Other current assets 16,126 (3,692)
Other non-current assets 3,777 1,965
Trade accounts payable 3,647 90,846
Accrued payroll and benefit costs (30,948) (2,216)
Other current liabilities (829) 4,846
Other non-current liabilities (169) (6,725)
Total adjustments to net income (44,938) (5,894)
Net cash provided by operations 21,098 65,099
Cash Flows from Investing Activities    
Proceeds from disposal of property 11,170 390
Capital expenditures for property (62,078) (31,775)
Acquisition of business, net of cash acquired (18,093) 0
Net cash used by investing activities (69,001) (31,385)
Cash Flows from Financing Activities    
Net increase (decrease) in short-term borrowings 74,320 (8,760)
Repayment of long-term debt (2,736) (897)
Principal payments under capital leases (3,969) (2,503)
Sale of common stock 13,621 12,503
Purchases of common stock (10,656) (13,212)
Sales of noncontrolling interests’ common stock 401 0
Purchases of noncontrolling interests’ common stock (103) (288)
Dividends paid (14,418) (14,302)
Net cash provided (used) by financing activities 56,460 (27,459)
Net Increase in Cash 8,557 6,255
Cash, Beginning of Year 33,758 34,665
Cash, End of Period 42,315 40,920
Non-cash Investing and Financing Activities    
Acquisitions of equipment under capital leases 6,731 3,123
Acquisition of software and maintenance under financing arrangement $ 0 $ 7,309