XML 52 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net income $ 565,116 $ 475,511 $ 399,575
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 88,936 89,332 90,411
Excess tax (benefits) expense from share-based compensation (5,356) (3,251) 684
Gain on sale of property, plant, and equipment (3,012) (1,685) (3,757)
Deferred income taxes (2,337) 11,994 27,899
Share-based compensation 7,547 7,016 8,578
Changes in operating assets and liabilities:      
Trade accounts receivable, net (85,011) (140,562) 69,258
Merchandise inventories, net (19,624) 44,865 194,743
Trade accounts payable 85,766 280,739 49,947
Other long-term assets (12,943) (48,423) (28,506)
Other, net 5,845 (36,873) 36,466
Changes in operating assets and liabilities 59,811 203,152 445,723
Net cash provided by operating activities 624,927 678,663 845,298
Investing activities      
Purchases of property, plant and equipment (103,469) (85,379) (69,445)
Proceeds from sale of property, plant, and equipment 8,908 3,676 12,042
Acquisition of businesses and other investing activities (136,936) (90,645) (134,203)
Purchase of properties under construction and lease agreement 0 0 (72,814)
Net cash used in investing activities (231,497) (172,348) (264,420)
Financing activities      
Proceeds from debt 250,000 0 795,000
Payments on debt (250,000) 0 (795,000)
Stock options exercised (1,049) 9,085 1,878
Excess tax benefits (expense) from share-based compensation 5,356 3,251 (684)
Dividends paid (276,369) (257,898) (253,558)
Purchase of stock (122,078) (75,007) (26,019)
Changes in cash overdraft position 0 0 (52,000)
Net cash used in financing activities (394,140) (320,569) (330,383)
Effect of exchange rate changes on cash (4,204) 7,419 18,531
Net (decrease) increase in cash and cash equivalents (4,914) 193,165 269,026
Cash and cash equivalents at beginning of year 529,968 336,803 67,777
Cash and cash equivalents at end of year 525,054 529,968 336,803
Cash paid during the year for:      
Income taxes 317,748 275,979 219,888
Interest $ 27,640 $ 28,061 $ 27,626