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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net earnings $ 974,692 $ 933,566 $ 616,986
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Restructuring 37,085 38,463 33,085
Intangible asset impairment 0 47,905 0
Depreciation and amortization 446,672 409,467 362,647
Deferred income taxes (75,591) (34,009) (28,883)
Loss on disposal of property, plant and equipment 4,303 3,932 3,007
Stock-based compensation expense 36,322 35,059 32,552
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables, net (60,566) (158,888) (14,383)
Inventories (153,245) (81,923) 6,400
Accounts payable and accrued expenses 25,365 85,572 6,473
Other assets and prepaid expenses (52,115) 54,267 (75,813)
Other liabilities 10,673 11,878 (12,919)
Net cash provided by operating activities 1,193,595 1,345,289 929,152
Cash flows from investing activities:      
Additions to property, plant and equipment (905,998) (672,125) (503,657)
Acquisitions, net of cash acquired (250,799) 0 (1,370,567)
Purchases of short-term investments (83,904) 0 0
Net cash used in investing activities (1,240,701) (672,125) (1,874,224)
Cash flows from financing activities:      
Payments on Senior Credit Facilities (454,637) (707,129) (1,376,082)
Proceeds from Senior Credit Facilities 447,884 631,807 1,315,930
Payments on Commercial Paper (15,584,017) (20,210,585) (15,934,767)
Proceeds from Commercial Paper 15,761,954 20,301,372 16,402,507
Proceeds from Floating Rate Notes 357,569 0 0
Repayment of senior notes 0 (645,555) 0
Payments on asset securitization borrowings (500,000) 0 0
Proceeds from senior note issuance 0 0 564,653
Payments on other debt 0 0 (9,530)
Payments on acquired debt and other financings (18,811) 0 (7,109)
Debt issuance costs (1,478) (1,336) 0
Change in outstanding checks in excess of cash (3,402) (1,754) (2,052)
Shares redeemed for taxes (13,902) (13,039) (11,589)
Proceeds and net tax benefit from stock transactions 1,845 4,583 4,843
Net cash (used in) provided by financing activities (6,995) (641,636) 946,804
Effect of exchange rate changes on cash and cash equivalents 17,320 8,445 (17,917)
Net change in cash and cash equivalents (36,781) 39,973 (16,185)
Cash and cash equivalents, beginning of year 121,665 81,692 97,877
Cash and cash equivalents, end of year $ 84,884 $ 121,665 $ 81,692