XML 59 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement Of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 27, 2013
Sep. 28, 2012
Cash flows from operating activities:    
Net income $ 124.8 $ 50.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 156.5 182.7
Gain on sale or disposal of fixed assets (7.6) (4.7)
Loss on debt exchange 3.1 7.8
Amortization of debt issuance costs 0.9 1.7
Provision for excess inventories 45.7 30.6
Non-cash share-based compensation expense 23.4 14.7
Non-cash interest 8.5 18.7
Impairment 3.5 2.1
Non-cash foreign currency translation gain (21.0) 0
Deferred income taxes (5.7) 3.4
Other 0 (1.4)
Changes in assets and liabilities (exclusive of the impact of acquisitions):    
Receivables (69.1) 43.5
Inventories (64.8) (36.3)
Other assets 18.1 (19.2)
Accounts payable 1.0 (128.8)
Accrued expenses (8.0) 3.8
Income taxes payable (2.7) (1.4)
Accrued interest 4.4 3.4
Deferred income on sales to distributors 10.7 (22.1)
Other long-term liabilities (21.4) (9.7)
Net cash provided by operating activities 200.3 139.4
Cash flows from investing activities:    
Purchases of property, plant and equipment (135.1) (198.8)
Proceeds from sales of property, plant and equipment 8.6 5.1
Deposits (made) utilized for purchases of property, plant and equipment (1.6) 1.6
Recovery from insurance on property, plant and equipment 0 11.5
Proceeds from held-to-maturity securities 155.7 288.7
Purchase of held-to-maturity securities (195.0) (261.7)
Net cash used in investing activities (167.4) (153.6)
Cash flows from financing activities:    
Proceeds from issuance of common stock under the employee stock purchase plan 4.1 4.3
Proceeds from exercise of stock options 9.5 6.0
Payments of tax withholding for restricted shares (2.8) (8.8)
Repurchase of common stock (35.8) (22.5)
Proceeds from debt issuance 46.2 11.1
Payment of capital lease obligations (31.3) (30.6)
Repayment of long-term debt (130.3) (175.6)
Net cash used in financing activities (140.4) (216.1)
Effect of exchange rate changes on cash and cash equivalents (9.9) (1.2)
Net decrease in cash and cash equivalents (117.4) (231.5)
Cash and cash equivalents, beginning of period 486.9 652.9
Cash and cash equivalents, end of period $ 369.5 $ 421.4