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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 377,644 $ 328,163
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 150,370 94,688
Stock-based compensation expense 17,062 16,291
Loss on debt extinguishment 26,650 0
Gains on foreign exchange contracts - acquisition related (18,342)  
Other 6,711 6,580
Changes in operating assets and liabilities, net of effects from acquisitions:    
Receivables, net (46,376) (6,304)
Inventories, net 27,070 22,345
Prepaid income taxes/income taxes payable 4,134 39,639
Accounts payable (12,412) (11,139)
Other operating assets and liabilities (8,360) 14,732
Net cash provided by operating activities 524,151 504,995
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (152,746) (99,573)
Acquisitions, net of cash acquired (1,301,127) (157,357)
Proceeds from foreign exchange contracts 18,342 0
Other investing activities, net 10,841 3,174
Net cash used in investing activities (1,424,690) (253,756)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 7,525 7,534
Taxes paid related to net share settlements of stock-based compensation awards (4,440) (7,423)
Debt issuance costs (16,404) 0
Proceeds from issuance of euro notes 563,450 0
Borrowings under revolving credit facilities 1,961,702 282,421
Repayments under revolving credit facilities (1,239,234) (433,840)
Borrowings under term loans 338,478 0
Repayments under term loans (9,461) (16,875)
Borrowings under receivables securitization facility 100,480 3,858
Repayments under receivables securitization facility (66,500) (8,958)
Borrowings (repayments) of other debt, net (2,362) (50,843)
Repayment of Rhiag Debt and Related payments (543,347) 0
Repayment of Rhiag debt and related payments (1,405) (2,491)
Net cash provided by (used in) financing activities 1,088,482 (226,617)
Effect of exchange rate changes on cash and equivalents (3,489) (2,141)
Net increase in cash and equivalents 184,454 22,481
Cash and equivalents, beginning of period 87,397 114,605
Cash and equivalents, end of period 271,851 137,086
Supplemental disclosure of cash paid for:    
Income taxes, net of refunds 184,719 138,192
Interest 65,888 35,430
Supplemental disclosure of noncash investing and financing activities:    
Notes payable and other financing obligations, including notes issued and debt assumed in connection with business acquisitions 560,955 28,598
Noncash property, plant and equipment additions $ 1,617 $ 4,841