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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 687,240 $ 705,672 $ 711,286
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 147,487 141,675 148,313
Excess tax benefits from share-based compensation (12,021) (7,024) (17,766)
Gain on sale of property, plant, and equipment (15,237) (3,189) (3,719)
Deferred income taxes 33,226 35,544 54,319
Share-based compensation 19,719 17,717 16,239
Changes in operating assets and liabilities:      
Trade accounts receivable, net (53,544) 1,974 (225,178)
Merchandise inventories, net (64,214) (21,821) (100,820)
Trade accounts payable 240,717 331,419 292,257
Other short-term assets and liabilities 37,271 967 15,616
Other long-term assets and liabilities (74,566) (43,561) (100,402)
Changes in operating assets and liabilities 258,838 453,701 78,859
Net cash provided by operating activities 946,078 1,159,373 790,145
Investing activities      
Purchases of property, plant and equipment (160,643) (109,544) (107,681)
Proceeds from sale of property, plant, and equipment 28,811 8,618 8,866
Acquisition of businesses and other investing activities (462,167) (162,701) (287,900)
Net cash used in investing activities (593,999) (263,627) (386,715)
Financing activities      
Proceeds from debt 4,350,000 3,862,224 2,727,924
Payments on debt (4,100,000) (4,005,191) (2,735,862)
Share-based awards exercised, net of taxes paid (16,147) (9,572) (22,051)
Excess tax benefits from share-based compensation 12,021 7,024 17,766
Dividends paid (386,863) (368,284) (347,271)
Purchase of stock (181,417) (292,275) (95,946)
Net cash used in financing activities (322,406) (806,074) (455,440)
Effect of exchange rate changes on cash 1,575 (15,771) (7,153)
Net increase (decrease) in cash and cash equivalents 31,248 73,901 (59,163)
Cash and cash equivalents at beginning of year 211,631 137,730 196,893
Cash and cash equivalents at end of year 242,879 211,631 137,730
Supplemental disclosures of cash flow information      
Income taxes 374,865 352,153 408,604
Interest $ 19,043 $ 23,687 $ 25,155