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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Cash flows from operating activities:    
Net income $ 582,912 $ 544,435
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 116,485 112,740
Foreign currency transaction gain 0 8,585
Accretion of bond discount 0 342
Asset impairment 4,813 0
Gain on property disposals (9,817) (1,112)
Gain on investment securities 0 (49)
Share-based compensation 2,132 3,504
Deferred income tax benefit (7,214) (79,619)
Changes in operating assets and liabilities:    
Trade accounts and other receivables 40,694 (35,785)
Inventories 17,162 (10,339)
Prepaid expenses and other current assets (1,415) (16,694)
Accounts payable, accrued expenses and other current liabilities 92,159 36,686
Income taxes 17,836 239,944
Long-term pension and other postretirement obligations (2,668) (1,764)
Other operating assets and liabilities 3,235 1,534
Cash provided by operating activities 856,314 802,408
Cash flows from investing activities:    
Acquisitions of property, plant and equipment (129,848) (131,349)
Purchase of acquired business, net of cash acquired (373,532) 0
Purchases of investment securities 0 (55,100)
Proceeds from sale or maturity of investment securities 0 152,050
Proceeds from property disposals 13,553 8,422
Cash used in investing activities (489,827) (25,977)
Cash flows from financing activities:    
Proceeds from note payable to bank 5,869 0
Proceeds from revolving line of credit and long-term borrowings 1,680,000 0
Payments on revolving line of credit, long-term borrowings and capital lease obligations (683,742) (410,199)
Tax benefit related to share-based compensation 7,834 0
Sale of subsidiary common stock 0 332
Payment of capitalized loan costs (12,322) 0
Purchase of treasury stock (45,080) 0
Payment of special cash dividends (1,498,470) 0
Cash used in financing activities (545,911) (409,867)
Effect of exchange rate changes on cash and cash equivalents 0 (6,173)
Increase (decrease) in cash and cash equivalents (179,424) 360,391
Cash and cash equivalents, beginning of period 576,143 508,206
Cash and cash equivalents, end of period $ 396,719 $ 868,597