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Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 225,559 $ 235,337
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 55,805 49,743
Deferred income taxes 1,505 16,543
Gain on disposal of assets (89) (2,910)
Stock-based compensation 12,893 13,774
Pension contributions (31,557) (39,510)
Litigation settlement (56,000) 0
Foreign currency gain on liquidation of entity (12,214) 0
Changes in assets and liabilities, net of acquisitions:    
Trade receivables (77,580) (70,361)
Inventories (4,228) (7,271)
Accounts payable (23,479) (29,167)
Accruals for incentive compensation (12,316) (2,001)
Other current payables and accrued expenses (3,099) 13,400
Other assets 18,007 4,054
Other liabilities (35,286) (9,335)
Net cash provided by operating activities 57,921 172,296
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash received (191,304) 0
Additions to property, plant and equipment (46,153) (43,236)
Proceeds from life insurance contracts 1,941 0
Maturity of net investment hedges 3,016 (641)
Proceeds from disposal of assets 473 3,630
Net cash used in investing activities (232,027) (40,247)
Cash flows from financing activities:    
Cash dividends paid to shareholders (101,184) (89,463)
Increase (decrease) in revolving credit facility borrowings and overdrafts 21,595 (138,142)
Deferred financing costs (5,373) (4,796)
Proceeds from issuance of long-term debt 498,250 555,559
Loss on pre-issuance hedges (5,310) (3,244)
Proceeds from issuance of stock under stock plans 329 494
Employee withholding taxes paid (11,485) (13,315)
Purchase of treasury stock (53,211) (71,714)
Net cash provided by financing activities 343,611 235,379
Effect of exchange rate changes on cash and cash equivalents (2,111) (9,424)
Net change in cash and cash equivalents 167,394 358,004
Cash and cash equivalents at beginning of year 323,992 181,988
Cash and cash equivalents at end of period 491,386 539,992
Interest paid, net of amounts capitalized 21,817 24,971
Income taxes paid $ 50,962 $ 52,719