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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating activities:        
Net income $ 58,867 $ 87,657 $ 111,146 $ 187,696
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 74,211 65,957 221,306 181,966
Equity-based compensation 5,332 5,104 20,232 15,572
Deferred income taxes 13,130 (3,417) 46,214 (7,788)
(Gain) loss on disposal of property, plant and equipment 655 (662) 6,638 5,435
Changes in certain assets and liabilities:        
Accounts receivable 36,361 30,955 122,296 (157,691)
Inventories (8,763) 27,212 317,410 21,088
Other assets (3,100) (4,928) 8,794 2,776
Accounts payable (62,757) 9,690 (127,075) 28,116
Income taxes receivable/payable 19,888 8,062 29,309 22,491
Accrued expenses and liabilities 30,554 23,594 (47,973) (1,670)
Net cash provided by operating activities 164,378 249,224 708,297 297,991
Investing activities:        
Purchases of property, plant and equipment (30,286) (24,531) (86,458) (82,906)
Acquisition of business, net of cash acquired (45,000) (1,647,463) (45,000) (1,647,463)
Other investing activities 3,715 2,959 6,184 34,157
Net cash used in investing activities (71,571) (1,669,035) (125,274) (1,696,212)
Financing activities:        
Issuance of current and long-term debt 67,999 1,394,497 179,033 1,501,895
Repayments of current and long-term debt (73,420) (138,533) (561,428) (271,191)
Exercise of stock options proceeds, including related tax effect 302 11,576 7,261 22,997
Contributions from noncontrolling investors, net (17) (52) (1,181) 4,712
Dividends paid (33,282) (27,556) (94,281) (77,737)
Debt issuance costs   (18,020)   (18,020)
Net cash provided by (used in) financing activities (38,418) 1,221,912 (470,596) 1,162,656
Increase (decrease) in cash and equivalents 54,389 (197,899) 112,427 (235,565)
Cash and equivalents at beginning of period 419,401 357,490 361,363 395,156
Cash and equivalents at end of period 473,790 159,591 473,790 159,591
Supplemental disclosure information:        
Cash paid for interest 26,701 40,022 115,345 100,523
Cash paid (received) for federal and state income taxes, net $ 1,172 $ 41,267 $ (10,321) $ 86,418