XML 44 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 186,269 $ 187,164
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 157,326 145,795
Amortization 16,736 15,657
Deferred income taxes (11,705) (6,702)
Gain on sales of plant and equipment (2,365) (1,338)
Stock-based compensation expense 19,572 20,833
Changes in assets and liabilities, excluding effects of business acquisitions:    
Trade receivables, net (5,971) (12,812)
Inventories, net 6,632 (7,226)
Prepaid expenses and other current assets 17,957 (5,395)
Accounts payable, trade (11,732) 6,513
Accrued expenses and other current liabilities 2,923 2,514
Other, net (3,981) (3,085)
Net cash provided by operating activities 371,661 341,918
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (269,982) (220,872)
Proceeds from sales of plant and equipment 10,665 10,634
Business acquisitions and holdback settlements (98,144) (29,834)
Other, net 763 716
Net cash used in investing activities (356,698) (239,356)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in short-term debt 230,667 45,112
Proceeds from borrowings of long-term debt 467,617 306,254
Repayment of long-term debt (259,305) (403,757)
Financing costs (3,044) (2,398)
Purchase of treasury stock (374,706) 0
Proceeds from the exercise of stock options 12,406 19,830
Stock issued for the Employee Stock Purchase Plan 9,614 8,994
Excess tax benefit realized from the exercise of stock options 4,233 5,091
Dividends paid to stockholders (88,515) (81,942)
Change in cash overdraft (6,580) (3,595)
Net cash used in financing activities (7,613) (106,411)
Change in cash 7,350 (3,849)
Cash – Beginning of period 50,724 69,561
Cash – End of period $ 58,074 $ 65,712