XML 18 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income $ 198,666 $ 61,318
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 75,057 73,985
Equity-based compensation 11,303 10,534
Deferred income taxes 7,716 17,087
Other adjustments (104) 180
Changes in certain assets and liabilities:    
Accounts receivable (153,364) (75,596)
Inventories (86,819) 82,567
Other assets 2,113 548
Accounts payable 133,809 112,659
Income taxes receivable/payable 96,319 13,993
Accrued expenses (44,247) (6,247)
Net cash provided by operating activities 240,449 291,028
Investing activities:    
Purchases of property, plant and equipment (41,677) (27,708)
Other investing activities 26,918 3,054
Net cash used in investing activities (14,759) (24,654)
Financing activities:    
Issuance of current and long-term debt   20,452
Repayment of current and long-term debt (1,429) (4,232)
Dividends paid (34,130) (33,425)
Purchases of treasury stock (61,256)  
Other financing activities (3,532) 750
Net cash used in financing activities (100,347) (16,455)
Increase in cash and equivalents 125,343 249,919
Cash and equivalents at beginning of period 841,483 727,032
Cash and equivalents at end of period 966,826 976,951
Supplemental disclosure information:    
Cash paid for interest 12,649 26,286
Cash paid for income taxes, net $ 1,554 $ 699