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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows – Operating activities:    
Net earnings, including noncontrolling interests $ 108,588 $ 98,900
Adjustments to reconcile net earnings to net cash used by operating activities:    
Depreciation 23,058 21,403
Amortization of intangible and other assets 4,305 3,807
Net loss on disposition of assets (74) (236)
Gain on sale of business (13,403) 0
Gain on sale of equity investment in affiliate 0 (12,995)
Gain on remeasurement of acquired assets 0 (15,315)
Excess tax benefits from stock-based compensation arrangements (8,353) (6,818)
Stock-based compensation 9,916 8,035
Net earnings from affiliates, net of dividends received (1,986) (3,066)
Change in assets and liabilities:    
Accounts receivable, net 77,264 40,223
Inventories, net (76,990) (83,502)
Prepaid expenses and other (6,897) (9,831)
Other assets, net 4,025 70
Accounts payable (123,050) (103,881)
Accrued liabilities and income taxes payable (77,552) (55,413)
Retirement obligations and other liabilities (4,437) 10,102
Net deferred taxes 773 (25)
Net cash flows used by operating activities (84,665) (108,070)
Cash flows – Investing activities:    
Capital expenditures (31,663) (34,258)
Proceeds from disposal of assets 301 212
Payments for acquisition, net of cash acquired 0 (10,143)
Proceeds from sale of business, net of cash divested 46,805 0
Proceeds from equity investments in affiliates 0 46,240
Net cash flows provided by investing activities 15,443 2,051
Cash flows – Financing activities:    
Excess tax benefits from stock-based compensation arrangements 8,353 6,818
Payments on long-term debt (10,000) (5,000)
Proceeds from revolving credit facility 0 150,000
Borrowings (payments) under other financing arrangements, net 1,809 (4,013)
Repurchases of common shares (109,605) (155,552)
Payments of dividends (19,387) (17,514)
Other (385) (121)
Net cash flows used by financing activities (129,215) (25,382)
Effect of exchange rate changes on cash (951) (3,414)
Net change in cash and cash equivalents (199,388) (134,815)
Cash and cash equivalents at beginning of period 363,804 304,252
Cash and cash equivalents at end of period $ 164,416 $ 169,437