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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 125,645 $ 113,009
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,920 10,749
Amortization 771 1,075
Share-based compensation 7,112 6,854
Excess tax benefits from share-based compensation (4,916) (4,141)
Equity earnings in unconsolidated investments (259) (209)
Other 2,314 2,495
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (78,662) (79,891)
Product inventories 52,463 19,262
Prepaid expenses and other assets 296 (1,212)
Accounts payable (66,035) (61,544)
Accrued expenses and other current liabilities 27,334 30,773
Net cash provided by operating activities 77,983 37,220
Investing activities    
Acquisition of businesses, net of cash acquired (602) (9,381)
Purchase of property and equipment, net of sale proceeds (21,299) (14,687)
Payments to fund credit agreement (6,300) 0
Collections from credit agreement 4,557 0
Other investments, net 75 133
Net cash used in investing activities (23,569) (23,935)
Financing activities    
Proceeds from revolving line of credit 721,835 658,720
Payments on revolving line of credit (690,677) (542,018)
Proceeds from asset-backed financing 128,400 121,600
Payments on asset-backed financing (85,800) (93,600)
Proceeds from short-term borrowings, long-term debt and other long-term liabilities 4,948 1,621
Payments on short-term borrowings, long-term debt and other long term liabilities (4,678) 0
Payments of deferred financing costs 0 (7)
Excess tax benefits from share-based compensation 4,916 4,141
Proceeds from stock issued under share-based compensation plans 10,906 8,090
Payments of cash dividends (32,008) (28,075)
Purchases of treasury stock (90,306) (135,155)
Net cash used in financing activities (32,464) (4,683)
Effect of exchange rate changes on cash and cash equivalents (7,276) (2,153)
Change in cash and cash equivalents 14,674 6,449
Cash and cash equivalents at beginning of period 14,830 8,006
Cash and cash equivalents at end of period $ 29,504 $ 14,455