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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Document Period End Date Sep. 29, 2018  
Cash flows from operating activities:    
Consolidated net income $ 489,083 $ 351,875
Adjustments to reconcile consolidated net income to net cash provided by operations:    
Depreciation and amortization 139,201 113,096
Amortization of stock-based compensation 38,104 30,301
Equity in (earnings) losses of affiliated companies 808 (2,865)
Loss on extinguishment of debt 0 59,545
Deferred income taxes 17,769 13,262
Loss on investments, net 3,945 9,504
Other 9,660 7,415
Change in assets and liabilities, net of effects of acquired and disposed businesses:    
Accounts receivable (254,417) (26,286)
Inventories (456,050) (261,126)
Accounts payable 171,697 (113,804)
Accrued expenses 15,177 (42,267)
Other assets and liabilities (165,421) (136,871)
Net cash provided by operating activities 9,556 1,779
Cash flows from investing activities:    
Cash consideration paid for acquired businesses, net of cash acquired (331,563) (3,628)
Proceeds from disposition of businesses 32,013 0
Acquisition of property, plant, and equipment (104,897) (149,597)
Proceeds from sale of property, plant, and equipment 0 24,433
Other (11,000) (2,467)
Net cash used for investing activities (415,447) (131,259)
Cash flows from financing activities:    
Change in short-term and other borrowings 104,158 (14,423)
Proceeds from (repayments of) long-term bank borrowings, net 420,755 (82,766)
Proceeds from note offerings, net 0 987,144
Redemption of notes (300,000) (555,886)
Proceeds from exercise of stock options 7,919 21,423
Repurchases of common stock (93,173) (149,125)
Purchase of shares from noncontrolling interest 0 (23,350)
Other (1,174) (1,620)
Net cash provided by financing activities 138,485 181,397
Effect of exchange rate changes on cash 11,514 (1,898)
Net increase (decrease) in cash and cash equivalents (255,892) 50,019
Cash and cash equivalents at beginning of period 730,083 534,320
Cash and cash equivalents at end of period $ 474,191 $ 584,339