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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 146,031 $ 125,645
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 15,020 11,920
Amortization 1,288 771
Share-based compensation 7,373 7,112
Excess tax benefits from share-based compensation (6,582) (4,916)
Equity earnings in unconsolidated investments, net (113) (259)
Other 3,799 2,314
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables (71,936) (78,662)
Product inventories 23,624 52,463
Prepaid expenses and other assets (1,094) 296
Accounts payable (49,479) (66,035)
Accrued expenses and other current liabilities 75,239 27,334
Net cash provided by operating activities 143,170 77,983
Investing activities    
Acquisition of businesses, net of cash acquired (19,314) (602)
Purchase of property and equipment, net of sale proceeds (30,388) (21,299)
Payments to fund credit agreement (3,852) (6,300)
Collections from credit agreement 3,300 4,557
Other investments, net 21 75
Net cash used in investing activities (50,233) (23,569)
Financing activities    
Proceeds from revolving line of credit 873,854 721,835
Payments on revolving line of credit (866,801) (690,677)
Proceeds from asset-backed financing 145,000 128,400
Payments on asset-backed financing (90,000) (85,800)
Proceeds from short-term borrowings, long-term debt and other long-term liabilities 15,705 4,948
Payments on short-term borrowings, long-term debt and other long term liabilities (16,107) (4,678)
Excess tax benefits from share-based compensation 6,582 4,916
Proceeds from stock issued under share-based compensation plans 10,978 10,906
Payments of cash dividends (37,007) (32,008)
Purchases of treasury stock (117,901) (90,306)
Net cash used in financing activities (75,697) (32,464)
Effect of exchange rate changes on cash and cash equivalents (185) (7,276)
Change in cash and cash equivalents 17,055 14,674
Cash and cash equivalents at beginning of period 13,237 14,830
Cash and cash equivalents at end of period $ 30,292 $ 29,504