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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 720,044 $ 512,951 $ 846,912
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 301,837 244,928 211,532
Stock-based compensation expense 54,785 51,533 54,068
Excess tax benefits from stock-based compensation (22,062) (24,839) (53,497)
Deferred income taxes (38,097) (38,537) 18,796
Goodwill and other intangible asset impairment charges 4,204 280,802 15,900
Loss on early extinguishment of debt 0 28,326 0
Write-down of equity investments 43,482 39,489 0
Settlement of SGM liability (see Note 2) (26,650) 0 0
Other 51,375 28,467 (11,027)
Changes in assets and liabilities, net of business acquisitions and divestitures:      
Accounts receivable—trade, net 21,096 (24,440) (67,464)
Inventories 13,965 52,049 (88,497)
Prepaid expenses and other current assets (42,955) 118,007 (7,245)
Accounts payable and accrued liabilities (72,295) 29,406 (59,102)
Contributions to pension and other benefits plans (41,697) (53,273) (53,110)
Other assets and liabilities 16,443 (30,413) 37,111
Net cash provided by operating activities 983,475 1,214,456 844,377
Investing Activities      
Capital additions (including software) (269,476) (356,810) (370,789)
Proceeds from sales of property, plant and equipment 3,651 1,205 1,612
Proceeds from sale of business 0 32,408 0
Equity investments in tax credit qualifying partnerships (44,255) (30,720) 0
Business acquisitions, net of cash and cash equivalents acquired (285,374) (218,654) (396,265)
Sale (purchase) of short-term investments 0 95,316 (97,131)
Net cash used in investing activities (595,454) (477,255) (862,573)
Financing Activities      
Net increase in short-term debt 275,607 10,720 117,515
Long-term borrowings 792,953 599,031 3,051
Repayment of long-term debt (500,000) (355,446) (1,442)
Payment of SGM liability (see Note 2) (35,762) 0 0
Cash dividends paid (499,475) (476,132) (440,414)
Repurchase of common stock (592,550) (582,623) (576,755)
Exercise of stock options 102,722 72,719 122,306
Excess tax benefits from stock-based compensation 22,062 24,839 53,497
Other 0 (48,270) 2,940
Net cash used in financing activities (434,443) (755,162) (719,302)
Effect of exchange rate changes on cash and cash equivalents (3,140) (10,364) (6,156)
Decrease in cash and cash equivalents (49,562) (28,325) (743,654)
Cash and cash equivalents, beginning of period 346,529 374,854 1,118,508
Cash and cash equivalents, end of period 296,967 346,529 374,854
Supplemental Disclosure      
Interest paid (excluding loss on early extinguishment of debt in 2015) 90,951 88,448 87,801
Income taxes paid $ 425,539 $ 368,926 $ 384,318