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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2016
Mar. 28, 2015
Cash flows from operating activities:    
Consolidated net income $ 106,592 $ 106,091
Adjustments to reconcile consolidated net income to net cash used for operations:    
Depreciation and amortization 40,933 37,162
Amortization of stock-based compensation 8,877 9,920
Equity in earnings of affiliated companies (1,856) (1,313)
Deferred income taxes 22,555 12,391
Excess tax benefits from stock-based compensation arrangements (4,132) (5,657)
Other 1,462 1,730
Change in assets and liabilities, net of effects of acquired businesses:    
Accounts receivable 996,738 935,271
Inventories 44,611 48,574
Accounts payable (1,036,094) (1,279,437)
Accrued expenses (160,693) (109,156)
Other assets and liabilities (55,585) 2,828
Net cash used for operating activities (36,592) (241,596)
Cash flows from investing activities:    
Cash consideration paid for acquired businesses (46,490) (133,089)
Acquisition of property, plant, and equipment (49,261) (31,150)
Other 0 2,008
Net cash used for investing activities (95,751) (162,231)
Cash flows from financing activities:    
Change in short-term and other borrowings 470 1,234
Proceeds from (repayment of) long-term bank borrowings, net 265,000 (48,400)
Net proceeds from note offering 0 688,162
Redemption of notes 0 (254,313)
Proceeds from exercise of stock options 5,705 12,576
Excess tax benefits from stock-based compensation arrangements 4,132 5,657
Repurchases of common stock (18,684) (78,561)
Other (3,000) (3,000)
Net cash provided by financing activities 253,623 323,355
Effect of exchange rate changes on cash 285 (14,590)
Net increase (decrease) in cash and cash equivalents 121,565 (95,062)
Cash and cash equivalents at beginning of period 273,090 400,355
Cash and cash equivalents at end of period $ 394,655 $ 305,293