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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows — Operating activities:      
Net earnings, including noncontrolling interests $ 273,274 $ 524,885 $ 488,320
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 99,501 93,307 90,695
Amortization of intangible and other assets 27,586 16,970 15,697
Gain on sale of business 0 (13,403) 0
Gain on sale of equity investment in affiliate 0 0 (12,995)
Gain on remeasurement of acquired assets 0 0 (15,315)
Excess tax benefits from stock-based payment arrangements (6,813) (8,587) (10,111)
Stock-based compensation 34,816 42,675 35,757
Foreign currency and other non-cash adjustments 72,888 39,627 (1,462)
Change in assets and liabilities, net of acquisitions:      
Accounts receivable, net 50,441 (79,655) (53,823)
Inventories, net (26,232) (35,519) 28,616
Prepaid expenses and other (121) (9,371) (6,824)
Other assets, net 5,636 (24,509) (18,002)
Accounts payable (113,639) 50,752 (15,642)
Accrued liabilities and income taxes payable 25,523 (22,669) (65,702)
Retirement obligations and other liabilities (24,994) (7,905) (3,145)
Net deferred taxes (774) 4,364 31,695
Net cash flows provided by operating activities 417,092 570,962 487,759
Cash flows — Investing activities:      
Capital expenditures (181,861) (132,619) (139,090)
Payments for acquisitions, net of cash acquired (353,654) 0 (76,801)
Proceeds from disposal of assets 10,220 1,731 1,653
Proceeds from sale of business, net of cash divested 0 46,805 0
Proceeds from equity investments in affiliates 0 0 46,240
Net cash flows used by investing activities (525,295) (84,083) (167,998)
Cash flows — Financing activities:      
Excess tax benefits from stock-based payment arrangements 6,813 8,587 10,111
Payments on long-term debt (45,000) (40,000) (25,000)
Proceeds from issuance of senior notes 526,332 0 298,596
Payments of deferred loan costs (5,108) 0 (3,744)
Proceeds under other financing arrangements 10,436 18,483 10,674
Payments under other financing arrangements (34,949) (20,502) (11,075)
Repurchases of common shares (303,651) (246,504) (458,310)
Payments of dividends (93,650) (85,118) (76,897)
Other 99 (2,604) (179)
Net cash flows provided (used) by financing activities 61,322 (367,658) (255,824)
Effect of exchange rate changes on cash (37,025) (32,675) (4,385)
Net change in cash and cash equivalents (83,906) 86,546 59,552
Cash and cash equivalents at beginning of year 450,350 363,804 304,252
Cash and cash equivalents at end of year 366,444 450,350 363,804
Income taxes paid (net of refunds) 152,536 159,520 195,532
Interest paid $ 57,030 $ 58,269 $ 49,618