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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net earnings $ 864,855 $ 974,692 $ 933,566
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Restructuring 58,991 37,085 38,463
Intangible asset impairment 0 0 47,905
Depreciation and amortization 521,765 446,672 409,467
Deferred income taxes 88,456 (75,591) (34,009)
Loss on disposal of property, plant and equipment (205) 4,303 3,932
Stock-based compensation expense 31,382 36,322 35,059
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables, net 13,856 (60,566) (158,888)
Inventories (255,391) (153,245) (81,923)
Accounts payable and accrued expenses (69,847) 25,365 85,572
Other assets and prepaid expenses (79,482) (52,115) 54,267
Other liabilities 6,964 10,673 11,878
Net cash provided by operating activities 1,181,344 1,193,595 1,345,289
Cash flows from investing activities:      
Additions to property, plant and equipment (794,110) (905,998) (672,125)
Acquisitions, net of cash acquired (568,960) (250,799) 0
Purchases of short-term investments (664,133) (83,904) 0
Redemption of short-term investments 695,000 0 0
Net cash used in investing activities (1,332,203) (1,240,701) (672,125)
Cash flows from financing activities:      
Payments on Senior Credit Facilities (813,182) (454,637) (707,129)
Proceeds from Senior Credit Facilities 809,287 447,884 631,807
Payments on Commercial Paper (16,756,404) (15,584,017) (20,210,585)
Proceeds from Commercial Paper 16,988,398 15,761,954 20,301,372
Proceeds from Floating Rate Notes 353,649 357,569 0
Repayment of senior notes 0 0 (645,555)
Payments on asset securitization borrowings 0 (500,000) 0
Payments on acquired debt and other financings (69,571) (18,811) 0
Debt issuance costs (890) (1,478) (1,336)
Purchase of redeemable non-controlling and non-controlling interest (34,944) 0 0
Repurchases of common stock (274,144) 0 0
Change in outstanding checks in excess of cash 5,753 (3,402) (1,754)
Shares redeemed for taxes (9,925) (13,902) (13,039)
Proceeds and net tax benefit from stock transactions 2 1,845 4,583
Net cash (used in) provided by financing activities 198,029 (6,995) (641,636)
Effect of exchange rate changes on cash and cash equivalents (13,004) 17,320 8,445
Net change in cash and cash equivalents 34,166 (36,781) 39,973
Cash and cash equivalents, beginning of year 84,884 121,665 81,692
Cash and cash equivalents, end of year $ 119,050 $ 84,884 $ 121,665