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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 101,610 $ 86,242
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 9,743 7,687
Amortization 735 532
Share-based compensation 4,850 4,850
Excess tax benefits from share-based compensation (3,203) (4,568)
Equity earnings in unconsolidated investments, net (62) (191)
Other 2,270 1,339
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (187,526) (177,193)
Product inventories (14,481) (7,849)
Prepaid expenses and other assets (1,729) 4
Accounts payable 15,041 487
Accrued expenses and other current liabilities 58,995 32,014
Net cash used in operating activities (13,757) (56,646)
Investing activities    
Acquisition of businesses, net of cash acquired (19,211) (479)
Purchase of property and equipment, net of sale proceeds (25,779) (16,200)
Payments to fund credit agreement (2,232) (5,350)
Collections from credit agreement 2,475 3,407
Other investments, net 17 59
Net cash used in investing activities (44,730) (18,563)
Financing activities    
Proceeds from revolving line of credit 629,351 526,116
Payments on revolving line of credit (604,470) (466,005)
Proceeds from asset-backed financing 145,000 128,400
Payments on asset-backed financing (2,800) (16,000)
Proceeds from short-term borrowings, long-term debt and other long-term liabilities 12,110 4,110
Payments on short-term borrowings, long-term debt and other long term liabilities (6,987) (2,209)
Excess tax benefits from share-based compensation 3,203 4,568
Proceeds from stock issued under share-based compensation plans 5,699 8,372
Payments of cash dividends (23,957) (20,855)
Purchases of treasury stock (80,478) (62,701)
Net cash provided by financing activities 76,671 103,796
Effect of exchange rate changes on cash and cash equivalents (870) (4,473)
Change in cash and cash equivalents 17,314 24,114
Cash and cash equivalents at beginning of period 13,237 14,830
Cash and cash equivalents at end of period $ 30,551 $ 38,944