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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH PROVIDED BY OPERATING ACTIVITIES:    
Net earnings $ 169,913 $ 183,909
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 76,037 49,363
Stock-based compensation arrangements 27,371 24,962
Deferred income taxes (1,197) 1,919
Other, net 39 (4,020)
(Decrease) increase in cash, net of acquisitions, resulting from changes in:    
Accounts receivable 5,460 63,266
Inventories (30,215) (5,050)
Prepaid expenses and other current assets 43 (2,194)
Other assets 11,474 (1,410)
Accounts payable 38,873 (22,166)
Deferred revenue 7,087 5,856
Accrued payroll and other liabilities (4,120) 3,231
Accrued income taxes (19,555) (35,762)
Pension and other long-term liabilities (4,385) 13,939
Net cash provided by operating activities 276,825 275,843
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment, net (32,034) (20,665)
Proceeds from sale of assets 6,365  
Proceeds from sale of business 0 25,920
Business acquisitions, net of cash acquired (601,927) (22,166)
Other investments (5,000) (15,500)
Net cash (used) provided by investing activities (632,596) (32,411)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from credit facility and long-term debt, including current portion 723,054 0
Repayments of credit facility 393,634 0
Repurchase of common stock (124,996) (99,957)
Dividends paid (68,852) (66,451)
Proceeds from shares issued pursuant to stock-based compensation plans 20,776 24,184
Payments Related to Tax Withholding for Share-based Compensation (10,458) (14,663)
Other financing activities (525) (12)
Net cash provided (used) by financing activities 145,365 (156,899)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6,347) (12,288)
Net decrease in cash and cash equivalents (216,753) 74,245
Cash, cash equivalents and restricted cash, beginning of year 512,144 519,090
Cash, cash equivalents and restricted cash, end of period $ 295,391 $ 593,335