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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 205,456 $ 195,327
Non-controlling interests in subsidiaries’ loss (1,834) (77)
Net income including non-controlling interests 203,622 195,250
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:    
Rationalization and asset impairment charges 5,049 357
Depreciation and amortization 51,881 48,220
Equity earnings in affiliates, net (1,313) (1,449)
Deferred income taxes 21,023 (288)
Stock-based compensation 7,511 6,711
Pension expense 22,261 26,590
Pension contributions and payments (84,417) (57,814)
Other, net 1,223 (512)
Changes in operating assets and liabilities, net of effects from acquisitions:    
(Increase) decrease in accounts receivable (17,982) 13,750
Increase in inventories (9,889) (6,832)
Decrease (increase) in other current assets 10,860 (12,180)
Decrease in trade accounts payable (32,703) (1,182)
Increase in other current liabilities 64,767 85,593
Net change in other long-term assets and liabilities 198 (52,873)
NET CASH PROVIDED BY OPERATING ACTIVITIES 242,091 243,341
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (59,691) (39,307)
Acquisition of businesses, net of cash acquired (4,936) (52,851)
Proceeds from sale of property, plant and equipment 796 538
Other Investing Activities (4,217) (1,541)
NET CASH USED BY INVESTING ACTIVITIES (68,048) (93,161)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 788 2,291
Payments on short-term borrowings (1,732) (3,813)
Amounts due banks, net (1,110) (1,858)
Proceeds from long-term borrowings 0 914
Payments on long-term borrowings (297) (85,535)
Proceeds from exercise of stock options 16,077 12,695
Excess tax benefits from stock-based compensation 6,973 5,594
Purchase of shares for treasury (113,641) (60,155)
Cash dividends paid to shareholders (32,987) (42,510)
Other Financing Activities (2,809) 0
NET CASH USED BY FINANCING ACTIVITIES (128,738) (172,377)
Effect of exchange rate changes on Cash and cash equivalents (1,460) 1,771
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 43,845 (20,426)
Cash and cash equivalents at beginning of period 286,464 361,101
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 330,309 $ 340,675