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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH PROVIDED BY OPERATING ACTIVITIES:    
Net earnings $ 107,866 $ 110,758
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 48,915 33,055
Stock-based compensation arrangements 17,278 14,400
Deferred income taxes 2,187 3,189
Other, net (3,620) (6,844)
(Decrease) increase in cash, net of acquisitions, resulting from changes in:    
Accounts receivable (19,128) 49,623
Inventories (23,604) (13,640)
Prepaid expenses and other current assets (11,487) 1,645
Other assets 3,612 (1,717)
Accounts payable 26,446 (11,093)
Deferred revenue 1,863 2,731
Accrued payroll and other liabilities (13,273) (11,123)
Accrued income taxes (7,885) (33,078)
Pension and other long-term liabilities (5,869) 15,438
Net cash provided by operating activities 123,301 153,344
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment, net (17,781) (13,435)
Proceeds from sale of assets 2,973  
Proceeds from sale of business 0 25,920
Business acquisitions, net of cash acquired (602,456) (14,195)
Other investments (5,000) (9,500)
Net cash (used) provided by investing activities (622,264) (11,210)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from credit facility and long-term debt, including current portion 723,054 0
Repayments of credit facility 378,095 0
Repurchase of common stock (49,996) (99,957)
Dividends paid (46,064) (44,330)
Proceeds from shares issued pursuant to stock-based compensation plans 17,350 16,890
Payments Related to Tax Withholding for Share-based Compensation (10,346) (12,113)
Other financing activities (522) (11)
Net cash provided (used) by financing activities 255,381 (139,521)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 323 (13,761)
Net decrease in cash and cash equivalents (243,259) (11,148)
Cash, cash equivalents and restricted cash, beginning of year 512,144 519,090
Cash, cash equivalents and restricted cash, end of period $ 268,885 $ 507,942