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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income $ 384,680 $ 403,548
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 128,131 116,814
Share-based compensation 13,081 9,035
Excess tax benefits from share-based compensation (3,986) (2,599)
Realized currency losses on divestiture 27,037 0
Changes in operating assets and liabilities (247,568) (71,723)
Net cash provided by operating activities 301,375 455,075
Investing activities:    
Purchases of property, plant and equipment (106,712) (65,146)
Acquisitions of businesses and other investing activities (357,286) (82,545)
Net cash used in investing activities (463,998) (147,691)
Financing activities:    
Proceeds from debt 2,973,236 2,320,906
Payments on debt (2,359,975) (2,367,284)
Share-based awards exercised (7,371) (4,851)
Dividends paid (216,724) (204,649)
Net cash provided by (used in) financing activities 389,166 (255,878)
Effect of exchange rate changes on cash and cash equivalents 2,461 (11,264)
Net increase in cash and cash equivalents 229,004 40,242
Cash and cash equivalents at beginning of period 333,547 314,899
Cash and cash equivalents at end of period $ 562,551 $ 355,141