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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Consolidated net income $ 142,414 $ 139,870
Adjustments to reconcile consolidated net income to net cash used for operations:    
Depreciation and amortization 47,526 47,247
Amortization of stock-based compensation 19,090 13,043
Equity in losses of affiliated companies 1,467 673
Deferred income taxes 6,968 (2,818)
(Gain) loss on investments, net (5,348) 2,452
Other 5,575 3,465
Change in assets and liabilities, net of effects of acquired and disposed businesses:    
Accounts receivable 949,989 789,843
Inventories 134,402 (260,620)
Accounts payable (1,540,008) (691,818)
Accrued expenses (50,292) (22,087)
Other assets and liabilities (40,782) (94,327)
Net cash used for operating activities (328,999) (75,077)
Cash flows from investing activities:    
Cash consideration paid for acquired businesses, net of cash acquired 0 (331,467)
Proceeds from disposition of businesses 0 34,291
Acquisition of property, plant, and equipment (33,815) (34,735)
Other 2,940 (4,500)
Net cash used for investing activities (30,875) (336,411)
Cash flows from financing activities:    
Change in short-term and other borrowings (107,244) (18,387)
Proceeds from long-term bank borrowings, net 335,023 601,386
Redemption of notes 0 (300,000)
Proceeds from exercise of stock options 6,931 4,997
Repurchases of common stock (53,925) (52,513)
Net cash provided by financing activities 180,785 235,483
Effect of exchange rate changes on cash 21,661 (5,434)
Net decrease in cash and cash equivalents (157,428) (181,439)
Cash and cash equivalents at beginning of period 509,327 730,083
Cash and cash equivalents at end of period $ 351,899 $ 548,644