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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 28, 2014
Dec. 29, 2013
Dec. 30, 2012
Operating activities:      
Net income $ 157,778us-gaap_NetIncomeLoss $ 167,212us-gaap_NetIncomeLoss $ 69,940us-gaap_NetIncomeLoss
Less: Loss from discontinued operations and dispositions 3,388us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 7,055us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 1,349us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Income from continuing operations 161,166us-gaap_IncomeLossFromContinuingOperations 174,267us-gaap_IncomeLossFromContinuingOperations 71,289us-gaap_IncomeLossFromContinuingOperations
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations:      
Restructuring and contract termination charges, net 13,390us-gaap_RestructuringCharges 33,892us-gaap_RestructuringCharges 25,051us-gaap_RestructuringCharges
Depreciation and amortization 116,736us-gaap_DepreciationDepletionAndAmortization 126,879us-gaap_DepreciationDepletionAndAmortization 125,126us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation 14,464us-gaap_ShareBasedCompensation 14,053us-gaap_ShareBasedCompensation 20,625us-gaap_ShareBasedCompensation
Pension and other postretirement expense 77,669us-gaap_PensionAndOtherPostretirementBenefitExpense (18,176)us-gaap_PensionAndOtherPostretirementBenefitExpense 35,336us-gaap_PensionAndOtherPostretirementBenefitExpense
Deferred taxes (33,351)us-gaap_DeferredIncomeTaxExpenseBenefit (29,907)us-gaap_DeferredIncomeTaxExpenseBenefit (65,551)us-gaap_DeferredIncomeTaxExpenseBenefit
Contingencies and prior year tax matters (7,605)us-gaap_IncomeTaxReconciliationTaxContingencies (34,455)us-gaap_IncomeTaxReconciliationTaxContingencies 1,382us-gaap_IncomeTaxReconciliationTaxContingencies
Amortization of deferred debt issuance costs, interest rate hedge and accretion of discounts 1,434us-gaap_AmortizationOfFinancingCostsAndDiscounts 6,502us-gaap_AmortizationOfFinancingCostsAndDiscounts 3,517us-gaap_AmortizationOfFinancingCostsAndDiscounts
Losses (gains) on step acquisitions and dispositions, net 108pki_GainsOnStepAcquisitionsAndDispositionsNet (1,566)pki_GainsOnStepAcquisitionsAndDispositionsNet 0pki_GainsOnStepAcquisitionsAndDispositionsNet
Amortization of acquired inventory revaluation 2,425pki_AmortizationOfAcquiredInventoryRevaluation 203pki_AmortizationOfAcquiredInventoryRevaluation 5,214pki_AmortizationOfAcquiredInventoryRevaluation
Asset impairment 0us-gaap_ImpairmentOfIntangibleAssetsFinitelived 158us-gaap_ImpairmentOfIntangibleAssetsFinitelived 74,153us-gaap_ImpairmentOfIntangibleAssetsFinitelived
Changes in assets and liabilities which (used) provided cash, excluding effects from companies purchased and divested:      
Accounts receivable, net (16,989)us-gaap_IncreaseDecreaseInAccountsReceivable (14,071)us-gaap_IncreaseDecreaseInAccountsReceivable (44,878)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories, net (24,642)us-gaap_IncreaseDecreaseInInventories (14,171)us-gaap_IncreaseDecreaseInInventories (7,860)us-gaap_IncreaseDecreaseInInventories
Accounts payable 8,103us-gaap_IncreaseDecreaseInAccountsPayable (1,083)us-gaap_IncreaseDecreaseInAccountsPayable (8,083)us-gaap_IncreaseDecreaseInAccountsPayable
Excess tax benefit from exercise of common stock options 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities 1,767us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Accrued expenses and other (30,640)pki_AccruedExpensesAndOther (85,277)pki_AccruedExpensesAndOther (83,102)pki_AccruedExpensesAndOther
Net cash provided by operating activities of continuing operations 282,268us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 157,248us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 153,986us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Net cash (used in) provided by operating activities of discontinued operations (671)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 1,343us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (1,816)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash provided by operating activities 281,597us-gaap_NetCashProvidedByUsedInOperatingActivities 158,591us-gaap_NetCashProvidedByUsedInOperatingActivities 152,170us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities:      
Capital expenditures (29,072)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (38,981)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (42,401)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from dispositions of property, plant and equipment, net 2,531us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 52,202us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Changes in restricted cash balances 0us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash 487us-gaap_IncreaseDecreaseInRestrictedCash
Proceeds from surrender of life insurance policies 490us-gaap_ProceedsFromLifeInsurancePolicies 783us-gaap_ProceedsFromLifeInsurancePolicies 0us-gaap_ProceedsFromLifeInsurancePolicies
Payments for acquisitions and investments, net of cash and cash equivalents acquired (271,477)pki_PaymentsForAcquisitionsAndInvestmentsNetOfCashAndCashEquivalentsAcquired (15,699)pki_PaymentsForAcquisitionsAndInvestmentsNetOfCashAndCashEquivalentsAcquired (40,858)pki_PaymentsForAcquisitionsAndInvestmentsNetOfCashAndCashEquivalentsAcquired
Net cash used in investing activities of continuing operations (297,528)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (1,695)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (82,772)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Net cash provided by (used in) investing activities of discontinued operations 1,631us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations 484us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations 2,463us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Net cash (used in) provided by investing activities (295,897)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,211)us-gaap_NetCashProvidedByUsedInInvestingActivities (80,309)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities:      
Payments on revolving credit facility (356,000)us-gaap_RepaymentsOfLinesOfCredit (538,000)us-gaap_RepaymentsOfLinesOfCredit (435,850)us-gaap_RepaymentsOfLinesOfCredit
Proceeds from revolving credit facility 475,000us-gaap_ProceedsFromLinesOfCredit 677,000us-gaap_ProceedsFromLinesOfCredit 395,000us-gaap_ProceedsFromLinesOfCredit
Early Repayment of Senior Debt 0us-gaap_EarlyRepaymentOfSeniorDebt (150,000)us-gaap_EarlyRepaymentOfSeniorDebt 0us-gaap_EarlyRepaymentOfSeniorDebt
Payments of Debt Extinguishment Costs 0us-gaap_PaymentsOfDebtExtinguishmentCosts (11,119)us-gaap_PaymentsOfDebtExtinguishmentCosts 0us-gaap_PaymentsOfDebtExtinguishmentCosts
Payments of debt issuance costs (1,845)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts (416)us-gaap_PaymentsOfDebtIssuanceCosts
Proceeds from (payments on) other credit facilities (12,675)us-gaap_ProceedsFromRepaymentsOfDebt 5,281us-gaap_ProceedsFromRepaymentsOfDebt 5,274us-gaap_ProceedsFromRepaymentsOfDebt
Settlement of cash flow hedges 0us-gaap_PaymentsForProceedsFromHedgeFinancingActivities 1,363us-gaap_PaymentsForProceedsFromHedgeFinancingActivities 4,050us-gaap_PaymentsForProceedsFromHedgeFinancingActivities
Payments for acquisition-related contingent consideration (855)pki_PaymentsForAcquisitionRelatedContingentConsideration 0pki_PaymentsForAcquisitionRelatedContingentConsideration (12,459)pki_PaymentsForAcquisitionRelatedContingentConsideration
Excess tax benefit from exercise of common stock options 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,767us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from issuance of common stock under stock plans 24,455us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised 20,313us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised 32,478us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
Purchases of common stock (65,529)us-gaap_PaymentsForRepurchaseOfCommonStock (127,398)us-gaap_PaymentsForRepurchaseOfCommonStock (2,104)us-gaap_PaymentsForRepurchaseOfCommonStock
Dividends paid (31,620)us-gaap_PaymentsOfDividendsCommonStock (31,600)us-gaap_PaymentsOfDividendsCommonStock (31,903)us-gaap_PaymentsOfDividendsCommonStock
Net cash provided by (used in) financing activities 30,931us-gaap_NetCashProvidedByUsedInFinancingActivities (154,160)us-gaap_NetCashProvidedByUsedInFinancingActivities (44,163)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (15,052)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (1,422)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 1,404us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net (decrease) increase in cash and cash equivalents 1,579us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,798us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 29,102us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 173,242us-gaap_CashAndCashEquivalentsAtCarryingValue 171,444us-gaap_CashAndCashEquivalentsAtCarryingValue 142,342us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 174,821us-gaap_CashAndCashEquivalentsAtCarryingValue 173,242us-gaap_CashAndCashEquivalentsAtCarryingValue 171,444us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information      
Interest 30,320us-gaap_InterestPaid 39,904us-gaap_InterestPaid 40,447us-gaap_InterestPaid
Income taxes $ 40,638us-gaap_IncomeTaxesPaid $ 36,675us-gaap_IncomeTaxesPaid $ 53,281us-gaap_IncomeTaxesPaid