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Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 118,603 $ 128,258
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 26,697 19,985
Deferred income taxes 4,193 13,932
(Gain) loss on disposal of assets (2,713) 34
Stock-based compensation 5,930 5,387
Pension contributions (7,410) (54,048)
Changes in assets and liabilities:    
Trade receivables (60,655) (62,891)
Inventories 3,256 13,172
Accounts payable (29,375) 4,618
Accruals for incentive compensation (11,598) (27,675)
Other current payables and accrued expenses 10,456 12,585
Other assets/liabilities, net (25,769) (21,881)
Net cash provided by operating activities 31,615 31,476
Cash flows from investing activities:    
Additions to property, plant and equipment (22,512) (19,381)
Proceeds from disposal of assets 1,366 1,450
Net cash used in investing activities (21,146) (17,931)
Cash flows from financing activities:    
Cash dividends paid to shareholders (44,826) (37,971)
Net change in revolving credit facility borrowings and overdrafts (124,602) 265
Deferred financing costs (4,796) 0
Proceeds from issuance of long-term debt 555,559 0
Loss on pre-issuance hedges (3,244) 0
Proceeds from issuance of stock under stock plans 163 227
Excess tax benefits on stock-based payments 1,032 8,597
Purchase of treasury stock (40,007) (10,660)
Net cash provided by (used in) financing activities 339,279 (39,542)
Effect of exchange rate changes on cash and cash equivalents (2,859) (8,887)
Net change in cash and cash equivalents 346,889 (34,884)
Cash and cash equivalents at beginning of year 181,988 478,573
Cash and cash equivalents at end of period 528,877 443,689
Interest paid, net of amounts capitalized 20,729 19,697
Income taxes paid $ 23,884 $ 20,634