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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Consolidated net income $ 407,162 $ 524,723 $ 500,486
Adjustments to reconcile consolidated net income to net cash provided by operations:      
Depreciation and amortization 153,599 159,195 155,754
Amortization of stock-based compensation 39,122 39,825 47,274
Equity in earnings of affiliated companies (3,424) (7,573) (7,037)
Loss on extinguishment of debt 59,545 0 2,943
Deferred income taxes 38,412 28,130 5,833
Loss on investment, net 14,231 0 992
Impairment of assets held for sale 21,000 0 0
Impairment of property, plant and equipment 4,761 0 0
Other 5,704 5,972 4,951
Change in assets and liabilities, net of effects of acquired businesses:      
Accounts receivable (1,122,598) (636,944) (68,990)
Inventories (379,835) (403,980) (42,790)
Accounts payable 816,602 582,165 33,398
Accrued expenses (3,838) 47,020 56,139
Other assets and liabilities 74,114 21,139 (28,945)
Net cash provided by operating activities 124,557 359,672 660,008
Cash flows from investing activities:      
Cash consideration paid for acquired businesses (3,628) (64,751) (514,731)
Acquisition of property, plant, and equipment (203,949) (164,695) (154,800)
Proceeds from sale of property, plant, and equipment 24,433 0 3,496
Proceeds from sale of investment 0 0 2,008
Other (5,614) (12,000) 0
Net cash used for investing activities (188,758) (241,446) (664,027)
Cash flows from financing activities:      
Change in short-term and other borrowings (41,316) 48,684 (46,645)
Proceeds from (repayment of) long-term bank borrowings, net 47,760 313,000 (128,000)
Proceeds from note offering, net 986,203 0 688,162
Redemption of notes (558,887) 0 (254,313)
Proceeds from exercise of stock options 22,195 18,967 14,900
Repurchases of common stock (174,239) (216,446) (356,434)
Purchase of shares from non-controlling interest (23,350) 0 (4,675)
Other (1,620) (2,007) (2,111)
Net cash provided by (used for) financing activities 256,746 162,198 (89,116)
Effect of exchange rate changes on cash 3,218 (19,194) (34,130)
Net increase (decrease) in cash and cash equivalents 195,763 261,230 (127,265)
Cash and cash equivalents at beginning of year 534,320 273,090 400,355
Cash and cash equivalents at end of year $ 730,083 $ 534,320 $ 273,090