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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income $ 160,250 $ 176,576
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 61,977 58,363
Share-based compensation 6,010 3,686
Excess tax benefits from share-based compensation (3,812) (2,517)
Realized currency losses on divestiture 27,037 0
Changes in operating assets and liabilities (189,732) (97,741)
Net cash provided by operating activities 61,730 138,367
Investing activities:    
Purchases of property, plant and equipment (45,621) (31,633)
Acquisition of businesses and other investing activities (138,417) (38,588)
Net cash used in investing activities (184,038) (70,221)
Financing activities:    
Proceeds from debt 1,350,002 1,201,441
Payments on debt (1,092,115) (1,153,750)
Share-based awards exercised (6,839) (4,176)
Dividends paid (105,369) (99,000)
Net cash provided by (used in) financing activities 145,679 (55,485)
Effect of exchange rate changes on cash and cash equivalents 7 (1,587)
Net increase in cash and cash equivalents 23,378 11,074
Cash and cash equivalents at beginning of period 333,547 314,899
Cash and cash equivalents at end of period $ 356,925 $ 325,973