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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net income $ 616,757 $ 687,240 $ 705,672
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 167,691 147,487 141,675
Excess tax benefits from share-based compensation (3,134) (12,021) (7,024)
Gain on sale of property, plant, and equipment (3,989) (15,237) (3,189)
Deferred income taxes 65,990 33,226 35,544
Share-based compensation 16,892 19,719 17,717
Foreign exchange gain (14,051) 0 0
Changes in operating assets and liabilities:      
Trade accounts receivable, net (19,273) (53,544) 1,974
Merchandise inventories, net (9,923) (64,214) (21,821)
Trade accounts payable 61,474 240,717 331,419
Other short-term assets and liabilities (1,544) 37,271 967
Other long-term assets and liabilities (61,847) (74,566) (43,561)
Changes in operating assets and liabilities 198,286 258,838 453,701
Net cash provided by operating activities 815,043 946,078 1,159,373
Investing activities      
Purchases of property, plant and equipment (156,760) (160,643) (109,544)
Proceeds from sale of property, plant, and equipment 21,275 28,811 8,618
Acquisition of businesses and other investing activities (1,494,795) (462,167) (162,701)
Net cash used in investing activities (1,630,280) (593,999) (263,627)
Financing activities      
Proceeds from debt 6,630,294 4,350,000 3,862,224
Payments on debt (4,350,222) (4,100,000) (4,005,191)
Payments on acquired debt (833,775) 0 0
Share-based awards exercised, net of taxes paid (5,239) (16,147) (9,572)
Excess tax benefits from share-based compensation 0 12,021 7,024
Dividends paid (395,475) (386,863) (368,284)
Purchase of stock (173,524) (181,417) (292,275)
Net cash provided by (used in) financing activities 872,059 (322,406) (806,074)
Effect of exchange rate changes on cash 15,198 1,575 (15,771)
Net increase in cash and cash equivalents 72,020 31,248 73,901
Cash and cash equivalents at beginning of year 242,879 211,631 137,730
Cash and cash equivalents at end of year 314,899 242,879 211,631
Supplemental disclosures of cash flow information      
Income taxes 298,827 374,865 352,153
Interest $ 38,401 $ 19,043 $ 23,687