XML 31 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flow from operating activities:    
Net income $ 336,219 $ 308,481
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 77,618 66,762
Stock-based compensation expense 19,249 17,175
Excess tax benefits from stock-based compensation payment arrangements (18,103) (16,023)
Net change in components of working capital (41,254) (26,727)
Net change in other long-term assets and liabilities 9,611 11,138
Net cash provided by operating activities 383,340 360,806
Cash from investing activities:    
Additions to property, plant and equipment (105,910) (66,037)
Proceeds from disposal of fixed assets 1,351 1,412
Purchases of short-term investments (356,032) (408,845)
Sales and maturities of short-term investments 293,405 241,605
Acquisitions, net of cash acquired (19,467) (44,036)
Net cash used in investing activities (186,653) (275,901)
Cash from financing activities:    
Issuance of senior notes 748,846  
Borrowings under credit facilities 398,100 302,583
Repayments under credit facilities (936,593) (225,842)
Payments of fees and expenses related to debt financing (5,751)  
Proceeds from exercise of stock options 58,286 64,204
Excess tax benefits from stock-based compensation payment arrangements 18,103 16,023
Payments to shareholders of non-controlling interests (1,729) (1,736)
Purchase and retirement of treasury stock (250,159) (181,108)
Dividend payments (31,418) (16,756)
Net cash used in financing activities (2,315) (42,632)
Effect of exchange rate changes on cash and cash equivalents (1,127) (9,464)
Net change in cash and cash equivalents 193,245 32,809
Cash and cash equivalents balance, beginning of period 886,838 690,850
Cash and cash equivalents balance, end of period 1,080,083 723,659
Cash paid for:    
Interest 29,737 29,737
Income taxes $ 119,332 $ 82,639