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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Cash flows from operating activities:    
Consolidated net income $ 215,954 $ 241,930
Adjustments to reconcile consolidated net income to net cash provided by (used for) operations:    
Depreciation and amortization 74,522 81,322
Amortization of stock-based compensation 21,391 19,275
Equity in earnings of affiliated companies (1,649) (4,083)
Loss on extinguishment of debt 58,759 0
Deferred income taxes 11,825 27,669
Other 5,208 2,954
Change in assets and liabilities, net of effects of acquired businesses:    
Accounts receivable 397,953 529,246
Inventories (149,945) (22,490)
Accounts payable (601,708) (606,678)
Accrued expenses (90,101) (114,741)
Other assets and liabilities (75,319) (39,320)
Net cash provided by (used for) operating activities (133,110) 115,084
Cash flows from investing activities:    
Cash consideration paid for acquired businesses (2,534) (45,473)
Acquisition of property, plant, and equipment (101,906) (88,336)
Proceeds from sale of property, plant, and equipment 24,433 0
Other (3,000) (12,000)
Net cash used for investing activities (83,007) (145,809)
Cash flows from financing activities:    
Change in short-term and other borrowings 40,274 67,611
Proceeds from long-term bank borrowings, net 241,818 233,000
Net proceeds from note offering 494,625 0
Redemption of notes (558,100) 0
Proceeds from exercise of stock options 20,697 14,844
Repurchases of common stock (123,663) (46,833)
Purchase of shares from noncontrolling interest (23,350) 0
Other (945) (1,817)
Net cash provided by financing activities 91,356 266,805
Effect of exchange rate changes on cash 10,359 (13,399)
Net increase (decrease) in cash and cash equivalents (114,402) 222,681
Cash and cash equivalents at beginning of period 534,320 273,090
Cash and cash equivalents at end of period $ 419,918 $ 495,771