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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 621,085 $ 810,474 $ 616,757
Net (loss) income from discontinued operations (25,390) 60,940 52,974
Net income from continuing operations 646,475 749,534 563,783
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 257,263 227,584 152,808
Excess tax benefits from share-based compensation (4,920) (4,232) (3,134)
Deferred income taxes (55,939) 1,593 69,018
Share-based compensation 28,703 17,737 14,031
Realized currency and other divestiture losses 34,701 0 0
Gain on equity investment (38,663) 0 0
Other operating activities (17,589) 1,648 (18,097)
Changes in operating assets and liabilities:      
Trade accounts receivable, net (134,163) (62,103) (22,722)
Merchandise inventories, net (54,765) (74,148) (19,813)
Trade accounts payable 82,739 357,097 89,543
Other short-term assets and liabilities 11,740 (100,616) (12,713)
Other long-term assets and liabilities 76,937 (57,372) (58,139)
Net cash provided by operating activities from continuing operations 832,519 1,056,722 754,565
Investing activities      
Purchases of property, plant and equipment (277,873) (226,506) (148,726)
Proceeds from sale of property, plant and equipment 24,387 14,391 18,346
Proceeds from divestitures of businesses 434,609 0 0
Acquisitions of businesses and other investing activities (724,718) (257,823) (1,494,795)
Net cash used in investing activities from continuing operations (543,595) (469,938) (1,625,175)
Financing activities      
Proceeds from debt 5,037,168 5,064,291 6,630,294
Payments on debt (4,897,769) (5,124,265) (4,350,222)
Payments on acquired debt of AAG 0 0 (833,775)
Share-based awards exercised (11,413) (10,227) (5,239)
Dividends paid (438,890) (415,983) (395,475)
Purchase of stock (74,187) (91,983) (173,524)
Other financing activities (871) (30,663) 0
Net cash (used in) provided by financing activities from continuing operations (385,962) (608,830) 872,059
Net cash provided by operating activities from discontinued operations 59,491 88,442 60,478
Net cash used in investing activities from discontinued operations (19,611) (26,186) (5,105)
Net cash provided by financing activities from discontinued operations 0 0 0
Net cash provided by discontinued operations 39,880 62,256 55,373
Effect of exchange rate changes on cash 603 (21,562) 15,198
Net (decrease) increase in cash and cash equivalents (56,555) 18,648 72,020
Cash and cash equivalents at beginning of year 333,547 314,899 242,879
Cash and cash equivalents at end of year 276,992 333,547 314,899
Supplemental disclosures of cash flow information      
Income taxes 303,736 236,536 298,827
Interest $ 95,281 $ 102,131 $ 38,401