XML 95 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 187,323 $ 211,466 $ 152,510
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 220,324 209,667 159,274
Excess tax benefit from share-based payment arrangements (1,381) (3,921) (509)
Share-based compensation 16,349 18,395 19,020
Deferred income taxes 23,506 8,092 4,956
Income of unconsolidated affiliated company (2,515) (2,121) (2,163)
Cash dividends received from unconsolidated affiliated company 4,338    
Loss (gain) on sale of property and equipment 3,272 721 (1,149)
Non-cash facility consolidation and other activities 35,043    
Changes in operating assets and liabilities, excluding effect of acquisitions:      
Accounts receivable (44,732) (18,510) 16,704
Inventories 15,383 (92,060) 67,508
Prepaid expenses and other current assets (36,112) (22,183) 10,632
Accounts payable (20,348) 22,550 15,034
Accrued salaries and wages (5,738) 1,396 21,087
Accrued income and other taxes 1,375 3,900 14,854
Other current liabilities - discontinued operations   7,119  
Changes in other liabilities and deferred credits (1,588) 17,008 (21,488)
Changes in deferred charges and other assets 26,388 6,463 19,543
Net cash provided by operating activities 420,887 367,982 475,813
Cash flows from investing activities:      
Additions to property and equipment (135,238) (113,208) (89,154)
Business acquisitions and adjustments, net of cash acquired (152,783) (1,179,667) (30,343)
Proceeds from sales of property and equipment 3,928 2,287 10,921
Net proceeds from sale of discontinued operations   75,192  
Net cash used in investing activities (284,093) (1,215,396) (108,576)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 400,860 17,868 823,088
Repayment of long-term debt (11,843) (51,601) (24,154)
Net borrowing (repayment) of commercial paper (114,707) 63,619 (240,295)
Net borrowing (repayment) of short-term debt 1,953 (8,797) (10,894)
Cash dividends paid to shareholders (101,834) (101,884) (96,595)
Proceeds from issuance of common stock     202,809
Common stock purchased for the treasury (161,081) (45,759)  
Purchase of subsidiary shares of noncontrolling interests (89,713) (15,879)  
Excess tax benefit from share-based payment arrangements 1,381 3,921 509
Stock incentive programs and related withholdings (5,008) (14,881) (3,186)
Net cash provided by (used in) financing activities (79,992) (153,393) 651,282
Effect of exchange rates on cash and cash equivalents (7,410) (4,476) 3,714
Net increase (decrease) in cash and cash equivalents 49,392 (1,005,283) 1,022,233
Cash and cash equivalents balance at beginning of year 60,404 1,065,687 43,454
Cash and cash equivalents balance at end of year 109,796 60,404 1,065,687
Business acquisitions, net of cash:      
Working capital acquired, net 25,734 188,492 (48)
Goodwill and intangible assets acquired 113,658 484,455 1,048
Fixed and other long-term assets 29,490 541,562 29,454
Deferred taxes and other liabilities (16,099) (34,842) (111)
Cash used for acquisitions 152,783 1,179,667 30,343
Interest paid during the year 69,435 72,381 19,990
Income taxes paid during the year $ 91,811 $ 107,680 $ 65,286