XML 110 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash and cash equivalents at beginning of year $ 477,696 $ 469,416
Cash flows from operating activities:    
Net income 180,644 172,228
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 51,817 49,449
Non-cash charges associated with restructuring and other, net   70,587
Stock-based compensation 4,529 10,730
Excess tax benefits realized from stock-based compensation arrangements (2,519) (12,329)
Equity in net income of unconsolidated investments (net of tax) (19,970) (21,298)
Dividends received from unconsolidated investments and nonmarketable securities 13,599 16,769
Pension and postretirement expense (benefit) 3,152 (10,203)
Pension and postretirement contributions (4,246) (4,612)
Unrealized gain on investments in marketable securities (1,912) (470)
Deferred income taxes 4,911 4,871
Working capital changes (53,018) (102,518)
Other, net 1,867 11,705
Net cash provided by operating activities 178,854 184,909
Cash flows from investing activities:    
Capital expenditures (103,168) (126,623)
Cash payments related to acquisitions and other (250) (2,384)
Sales of (investments in) marketable securities, net 768 (1,235)
Long-term advances to joint venture   (10,000)
Net cash used in investing activities (102,650) (140,242)
Cash flows from financing activities:    
Repayments of long-term debt (6,380) (11,754)
Proceeds from borrowings of long-term debt 117,000 2,978
Proceeds from other borrowings, net 266,248 7
Dividends paid to shareholders (39,049) (33,399)
Dividends paid to noncontrolling interests   (7,628)
Repurchases of common stock (582,298) (13,695)
Proceeds from exercise of stock options 3,917 13,430
Excess tax benefits realized from stock-based compensation arrangements 2,519 12,329
Withholding taxes paid on stock-based compensation award distributions (5,777) (8,998)
Debt financing costs (133)  
Net cash used in financing activities (243,953) (46,730)
Net effect of foreign exchange on cash and cash equivalents 4,712 (5,602)
Decrease in cash and cash equivalents (163,037) (7,665)
Cash and cash equivalents at end of period $ 314,659 $ 461,751