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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2016
Sep. 26, 2015
Cash flows from operating activities:    
Consolidated net income $ 359,765 $ 341,078
Adjustments to reconcile consolidated net income to net cash provided by operations:    
Depreciation and amortization 121,516 117,854
Amortization of stock-based compensation 29,783 33,783
Equity in earnings of affiliated companies (5,394) (4,890)
Deferred income taxes 30,191 26,881
Gain on Sale of Investments 0 (2,008)
Excess tax benefits from stock-based compensation arrangements (4,953) (5,863)
Other 4,464 8,057
Change in assets and liabilities, net of effects of acquired businesses:    
Accounts receivable 335,455 1,056,282
Inventories (117,674) (44,890)
Accounts payable (513,365) (1,318,702)
Accrued expenses (102,915) (72,728)
Other assets and liabilities (1,121) (23,910)
Net cash provided by operating activities 135,752 110,944
Cash flows from investing activities:    
Cash consideration paid for acquired businesses (68,946) (512,910)
Acquisition of property, plant, and equipment (126,341) (113,056)
Other (12,000) 2,008
Net cash used for investing activities (207,287) (623,958)
Cash flows from financing activities:    
Change in short-term and other borrowings 31,941 (4,069)
Proceeds from long-term bank borrowings, net 320,000 238,700
Net proceeds from note offering 0 688,162
Redemption of notes 0 (254,313)
Proceeds from exercise of stock options 16,686 14,722
Excess tax benefits from stock-based compensation arrangements 4,953 5,863
Repurchases of common stock (167,178) (206,601)
Other (3,000) (5,831)
Net cash provided by financing activities 203,402 476,633
Effect of exchange rate changes on cash (20,542) (27,230)
Net increase (decrease) in cash and cash equivalents 111,325 (63,611)
Cash and cash equivalents at beginning of period 273,090 400,355
Cash and cash equivalents at end of period $ 384,415 $ 336,744