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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities of Continuing Operations    
Net earnings $ 99,356 $ 209,510
Adjustments to reconcile net earnings to cash from operating activities:    
Earnings from discontinued operations, net 0 (92,320)
Depreciation and amortization 88,604 80,182
Stock-based compensation 11,387 13,387
Gain on Disposition of Business (11,228) 0
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):    
Accounts receivable 20,103 27,737
Inventories (29,478) (18,861)
Prepaid expenses and other assets (1,522) (2,297)
Accounts payable (14,299) (18,876)
Accrued compensation and employee benefits (65,887) (98,493)
Accrued expenses and other liabilities 3,202 (14,198)
Increase (Decrease) in Income Taxes Payable 45,654 55,843
Other, net (12,479) (10,282)
Net cash provided by operating activities of continuing operations 133,413 131,332
Investing Activities of Continuing Operations    
Additions to property, plant and equipment (37,230) (27,956)
Acquisitions (net of cash and cash equivalents acquired) (436,058) (6,500)
Proceeds from the sale of property, plant and equipment 619 6,041
Proceeds from the sale of businesses 47,300 185,000
Other (488) 0
Net cash (used in) provided by investing activities of continuing operations (425,857) 156,585
Financing Activities of Continuing Operations    
Purchase of common stock 0 (200,055)
Net proceeds from exercise of stock options and SARs, including tax benefits 2,181 2,786
Change in commercial paper and notes payable, net 247,099 (152,500)
Dividends paid to stockholders (65,940) (64,442)
Payments to settle employee tax obligations on exercise of share-based awards (4,833) (2,361)
Reduction of long-term debt 0 (31)
Net cash provided by (used in) financing activities 178,507 (416,603)
Cash Flows from Discontinued Operations    
Net cash provided by operating activities of discontinued operations 0 2,717
Net cash provided by investing activities of discontinued operations 0 800
Net cash provided by discontinued operations 0 3,517
Effect of exchange rate changes on cash and cash equivalents (4,528) (17,926)
Net decrease in cash and cash equivalents (118,465) (143,095)
Cash and cash equivalents at beginning of period 362,185 681,581
Cash and cash equivalents at end of period $ 243,720 $ 538,486