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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Cash flows from operating activities:    
Consolidated net income (loss) $ (312,356) $ 489,083
Adjustments to reconcile consolidated net income (loss) to net cash provided by operations:    
Depreciation and amortization 139,739 139,201
Amortization of stock-based compensation 34,749 38,104
Equity in losses of affiliated companies 2,155 808
Deferred income taxes (65,484) 17,769
Impairments 698,246 0
Loss on disposition of businesses, net 15,439 3,604
(Gain) loss on investments, net (7,622) 3,945
Other 10,814 6,056
Change in assets and liabilities, net of effects of acquired and disposed businesses:    
Accounts receivable 916,908 (254,417)
Inventories 342,610 (456,050)
Accounts payable (1,349,189) 171,697
Accrued expenses (71,124) 15,177
Other assets and liabilities 8,308 (165,421)
Net cash provided by operating activities 363,193 9,556
Cash flows from investing activities:    
Cash consideration paid for acquired businesses, net of cash acquired 0 (331,563)
Proceeds from (cash paid on) disposition of businesses (1,325) 32,013
Acquisition of property, plant, and equipment (113,080) (104,897)
Other (5,555) (11,000)
Net cash used for investing activities (119,960) (415,447)
Cash flows from financing activities:    
Change in short-term and other borrowings (93,129) 104,158
Proceeds from (repayments of) long-term bank borrowings, net (96,960) 420,755
Redemption of notes 0 (300,000)
Proceeds from exercise of stock options 11,710 7,919
Repurchases of common stock (304,194) (93,173)
Other (147) (1,174)
Net cash provided by (used for) financing activities (482,720) 138,485
Effect of exchange rate changes on cash (7,586) 11,514
Net decrease in cash and cash equivalents (247,073) (255,892)
Cash and cash equivalents at beginning of period 509,327 730,083
Cash and cash equivalents at end of period $ 262,254 $ 474,191