XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 129,416 $ 115,764
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 33,384 26,802
Deferred income taxes 18,404 (3,766)
Gain on disposal of assets (69) (21)
Stock-based compensation 7,620 5,819
Pension contributions (4,387) (25,263)
Product recall claim settlement (12,969) 0
Foreign currency gain on liquidation of entity 0 (12,214)
Changes in assets and liabilities, net of acquisitions:    
Trade receivables (61,301) (60,858)
Inventories (30,185) (109)
Accounts payable (8,435) (1,978)
Accruals for incentive compensation (36,583) (23,485)
Other current payables and accrued expenses (18,540) (7,586)
Other assets (26,035) 30,284
Other liabilities (1,715) (24,894)
Net cash (used in) provided by operating activities (11,395) 18,495
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash received (22) (138,093)
Additions to property, plant and equipment (33,105) (26,662)
Maturity of net investment hedges (2,405) 1,948
Proceeds from disposal of assets 293 619
Net cash used in investing activities (35,239) (162,188)
Cash flows from financing activities:    
Cash dividends paid to shareholders (54,420) (50,677)
Increase in revolving credit facility borrowings and overdrafts 23,762 100,481
Increase in commercial paper 29,926 107,441
Loss on pre-issuance hedges 0 300
Employee withholding taxes paid (3,266) (3,000)
Purchase of treasury stock (10,617) (37,612)
Net cash (used in) provided by financing activities (14,615) 116,933
Effect of exchange rate changes on cash and cash equivalents (1,521) 2,835
Net change in cash and cash equivalents (62,770) (23,925)
Cash and cash equivalents at beginning of year 368,046 323,992
Cash and cash equivalents at end of period 305,276 300,067
Interest paid, net of amounts capitalized 20,236 25,590
Income taxes paid 24,939 20,043
Accrued capital expenditures $ 18,868 $ 5,433