XML 21 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operations    
Net Income $ 70,987 $ 66,036
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 35,158 32,082
Deferred income taxes 2,585 (389)
Net gains on disposal of property (1,786) (4,946)
Net income attributable to noncontrolling interests (178) (177)
Changes in assets and liabilities:    
Trade receivables (73,623) (6,696)
Merchandise inventory (83,059) (56,416)
Other current assets 5,632 16,126
Other non-current assets 24,369 3,777
Trade accounts payable 16,571 3,647
Accrued payroll and benefit costs (21,835) (30,948)
Other current liabilities 17,673 (783)
Other non-current liabilities (51,832) (215)
Total adjustments to net income (130,325) (44,938)
Net cash (used) provided by operations (59,338) 21,098
Cash Flows from Investing Activities    
Proceeds from disposal of property 3,301 11,170
Capital expenditures for property (24,820) (62,078)
Acquisition of business, net of cash acquired (59,946) (18,093)
Net cash used by investing activities (81,465) (69,001)
Cash Flows from Financing Activities    
Net increase in short-term borrowings 168,871 74,320
Repayment of long-term debt (1,853) (2,736)
Principal payments under capital leases (4,116) (3,969)
Sale of common stock 15,192 13,621
Purchases of common stock (8,793) (10,656)
Sales of noncontrolling interests’ common stock 0 401
Purchases of noncontrolling interests’ common stock (356) (103)
Dividends paid (14,962) (14,418)
Net cash provided by financing activities 153,983 56,460
Net Increase in Cash 13,180 8,557
Cash, Beginning of Year 37,931 33,758
Cash, End of Period 51,111 42,315
Non-cash Investing and Financing Activities    
Acquisitions of equipment under capital leases $ 314 $ 6,731