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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 310,629 $ 287,192
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 129,504 106,606
Stock-based compensation expense 11,844 12,443
Loss on sale of business   8,580
Other 4,356 (4,740)
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:    
Receivables, net (112,178) (98,362)
Inventories (12,777) (20,378)
Prepaid income taxes/income taxes payable 6,090 4,418
Accounts payable (25,380) 63,589
Other operating assets and liabilities 16,581 2,749
Net cash provided by operating activities 328,669 362,097
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (115,421) (91,545)
Acquisitions, net of cash acquired (1,135,970) (100,728)
Proceeds from disposals of business/investment   301,297
Other investing activities, net 2,174 4,712
Net cash (used in) provided by investing activities (1,249,217) 113,736
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 2,922 5,151
Taxes paid related to net share settlements of stock-based compensation awards (3,834) (3,955)
Debt issuance costs (16,759)  
Proceeds from issuance of Euro Notes (2026/28) 1,232,100  
Borrowings under revolving credit facilities 613,658 162,794
Repayments under revolving credit facilities (766,597) (585,454)
Repayments under term loans (8,810) (18,590)
Borrowings under receivables securitization facility   150
Repayments under receivables securitization facility   (5,000)
(Repayments) borrowings of other debt, net (2,444) 19,591
Payments of other obligations   (2,079)
Other financing activities, net 4,107 4,316
Net cash provided by (used in) financing activities 1,054,343 (423,076)
Effect of exchange rate changes on cash and cash equivalents (68,359) 16,271
Net increase in cash and cash equivalents 65,436 69,028
Cash and cash equivalents of continuing operations, beginning of period 279,766 227,400
Add: Cash and cash equivalents of discontinued operations, beginning of period   7,116
Cash and cash equivalents of continuing and discontinued operations, beginning of period 279,766 234,516
Cash and cash equivalents, end of period 345,202 303,544
Supplemental disclosure of cash paid for:    
Income taxes, net of refunds 110,745 150,555
Interest 55,768 46,606
Supplemental disclosure of noncash investing and financing activities:    
Stock issued in acquisitions 251,334  
Contingent consideration liabilities 34 4,279
Notes payable and other financing obligations, including notes issued and debt assumed in connection with business acquisitions 65,460 5,965
Noncash property, plant and equipment additions $ 7,004 4,185
Notes and other financing receivables in connection with disposals of business/investment   $ 5,848