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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 139,412 $ 130,562
Non-controlling interests in subsidiaries’ (loss) earnings (42) (48)
Net income including non-controlling interests 139,370 130,514
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:    
Rationalization and asset impairment charges 354 0
Depreciation and amortization 34,555 31,785
Equity earnings in affiliates, net (882) (711)
Deferred income taxes 19,704 17,472
Stock-based compensation 4,979 4,465
Amortization of terminated interest rate swaps 0 (430)
Pension expense 14,935 17,690
Pension contributions and payments (81,351) (39,049)
Other, net (347) (1,331)
Changes in operating assets and liabilities, net of effects from acquisitions:    
Increase in accounts receivable (43,367) (21,549)
Increase in inventories (12,308) (20,702)
Decrease (increase) in other current assets 6,209 (10,250)
(Decrease) increase in trade accounts payable (11,840) 16,383
Increase in other current liabilities 19,412 32,734
Net change in other long-term assets and liabilities (2,372) 3,865
NET CASH PROVIDED BY OPERATING ACTIVITIES 87,051 160,886
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (31,048) (26,247)
Acquisition of businesses, net of cash acquired (4,676) (49,335)
Proceeds from sale of property, plant and equipment 592 338
Other Investing Activities (4,217) (1,541)
NET CASH USED BY INVESTING ACTIVITIES (39,349) (76,785)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 514 2,069
Payments on short-term borrowings (1,653) (1,700)
Amounts due banks, net (1,392) (2,428)
Proceeds from long-term borrowings 0 914
Payments on long-term borrowings (224) (84,224)
Proceeds from exercise of stock options 13,204 12,212
Excess tax benefits from stock-based compensation 5,465 5,454
Purchase of shares for treasury (69,677) (40,138)
Cash dividends paid to shareholders (16,580) (28,363)
Other Financing Activities (2,809) 0
NET CASH USED BY FINANCING ACTIVITIES (73,152) (136,204)
Effect of exchange rate changes on Cash and cash equivalents (4,625) (1,035)
DECREASE IN CASH AND CASH EQUIVALENTS (30,075) (53,138)
Cash and cash equivalents at beginning of period 286,464 361,101
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 256,389 $ 307,963