Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
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Oct. 31, 2014
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Oct. 31, 2013
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Oct. 31, 2012
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Cash flows from operating activities: | |||
Net income | $ 271,829us-gaap_ProfitLoss | $ 296,906us-gaap_ProfitLoss | $ 248,644us-gaap_ProfitLoss |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization expense | 138,201us-gaap_DepreciationDepletionAndAmortization | 125,349us-gaap_DepreciationDepletionAndAmortization | 111,214us-gaap_DepreciationDepletionAndAmortization |
Accrued litigation settlements | 0coo_LitigationSettlementChargesNoncash | 0coo_LitigationSettlementChargesNoncash | 1,724coo_LitigationSettlementChargesNoncash |
Share-based compensation expense | 36,515us-gaap_ShareBasedCompensation | 28,538us-gaap_ShareBasedCompensation | 21,540us-gaap_ShareBasedCompensation |
Loss on divestiture of Aime | 0us-gaap_GainLossOnSaleOfBusiness | 21,062us-gaap_GainLossOnSaleOfBusiness | 0us-gaap_GainLossOnSaleOfBusiness |
Loss on disposal of property, plant and equipment | 9,814us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 6,711us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 4,265us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
Loss on extinguishment of debt and other | 0us-gaap_OtherOperatingActivitiesCashFlowStatement | 0us-gaap_OtherOperatingActivitiesCashFlowStatement | 867us-gaap_OtherOperatingActivitiesCashFlowStatement |
Deferred income taxes | (16,005)us-gaap_DeferredIncomeTaxExpenseBenefit | (17,188)us-gaap_DeferredIncomeTaxExpenseBenefit | (6,806)us-gaap_DeferredIncomeTaxExpenseBenefit |
Excess tax benefit from share-based compensation awards | (19,300)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (18,081)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (10,760)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
Provision for doubtful accounts | 764us-gaap_ProvisionForDoubtfulAccounts | 890us-gaap_ProvisionForDoubtfulAccounts | (456)us-gaap_ProvisionForDoubtfulAccounts |
Change in assets and liabilities: | |||
Accounts receivable | (5,167)us-gaap_IncreaseDecreaseInAccountsReceivable | 55us-gaap_IncreaseDecreaseInAccountsReceivable | (4,956)us-gaap_IncreaseDecreaseInAccountsReceivable |
Inventories | (7,582)us-gaap_IncreaseDecreaseInInventories | (22,574)us-gaap_IncreaseDecreaseInInventories | (58,094)us-gaap_IncreaseDecreaseInInventories |
Other assets | (13,468)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (22,870)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (7,924)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
Accounts payable | 1,288us-gaap_IncreaseDecreaseInAccountsPayable | (6,294)us-gaap_IncreaseDecreaseInAccountsPayable | 13,575us-gaap_IncreaseDecreaseInAccountsPayable |
Accrued liabilities | 34,017us-gaap_IncreaseDecreaseInAccruedLiabilities | (983)us-gaap_IncreaseDecreaseInAccruedLiabilities | (12,258)us-gaap_IncreaseDecreaseInAccruedLiabilities |
Accrued income taxes | 18,098us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | 27,717us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | 9,506us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
Other long-term liabilities | 5,819us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | (3,313)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 5,040us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
Cash provided by operating activities | 454,823us-gaap_NetCashProvidedByUsedInOperatingActivities | 415,925us-gaap_NetCashProvidedByUsedInOperatingActivities | 315,121us-gaap_NetCashProvidedByUsedInOperatingActivities |
Cash flows from investing activities: | |||
Purchases of property, plant and equipment | (238,065)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (178,127)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (99,779)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Acquisitions of businesses, net of cash acquired, and other | (1,109,702)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (13,045)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (145,319)us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
Insurance proceeds received | 1,359us-gaap_ProceedsFromInsuranceSettlementInvestingActivities | 1,254us-gaap_ProceedsFromInsuranceSettlementInvestingActivities | 6,624us-gaap_ProceedsFromInsuranceSettlementInvestingActivities |
Cash used in investing activities | (1,346,408)us-gaap_NetCashProvidedByUsedInInvestingActivities | (189,918)us-gaap_NetCashProvidedByUsedInInvestingActivities | (238,474)us-gaap_NetCashProvidedByUsedInInvestingActivities |
Cash flows from financing activities: | |||
Proceeds from long-term debt | 2,561,700us-gaap_ProceedsFromIssuanceOfLongTermDebt | 1,767,000us-gaap_ProceedsFromIssuanceOfLongTermDebt | 1,262,469us-gaap_ProceedsFromIssuanceOfLongTermDebt |
Repayments of long-term debt | (1,666,441)us-gaap_RepaymentsOfLongTermDebt | (1,813,663)us-gaap_RepaymentsOfLongTermDebt | (1,254,267)us-gaap_RepaymentsOfLongTermDebt |
Net (repayments of) proceeds from short-term debt | (7,331)us-gaap_ProceedsFromRepaymentsOfShortTermDebt | 21,036us-gaap_ProceedsFromRepaymentsOfShortTermDebt | (63,631)us-gaap_ProceedsFromRepaymentsOfShortTermDebt |
Repurchase of common stock | (75,778)us-gaap_PaymentsForRepurchaseOfCommonStock | (167,334)us-gaap_PaymentsForRepurchaseOfCommonStock | (71,150)us-gaap_PaymentsForRepurchaseOfCommonStock |
Proceeds from issuance of common stock for employee stock plans | 8,585us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions | 19,287us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions | 55,053us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions |
Excess tax benefit from share-based compensation awards | 19,300us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 18,081us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 10,760us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
Purchase of Origio shares from noncontrolling interests | 0us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest | (4,199)us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest | (2,158)us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest |
Dividends on common stock | (2,884)us-gaap_PaymentsOfDividendsCommonStock | (2,918)us-gaap_PaymentsOfDividendsCommonStock | (2,857)us-gaap_PaymentsOfDividendsCommonStock |
Debt issuance costs | (925)us-gaap_PaymentsOfFinancingCosts | (210)us-gaap_PaymentsOfFinancingCosts | (1,323)us-gaap_PaymentsOfFinancingCosts |
Distributions to noncontrolling interests | (2,438)us-gaap_PaymentsOfDividendsMinorityInterest | (1,007)us-gaap_PaymentsOfDividendsMinorityInterest | 0us-gaap_PaymentsOfDividendsMinorityInterest |
Payment of contingent consideration | (3,819)us-gaap_ProceedsFromRepaymentsOfOtherDebt | (3,600)us-gaap_ProceedsFromRepaymentsOfOtherDebt | (1,339)us-gaap_ProceedsFromRepaymentsOfOtherDebt |
Proceeds from construction allowance | 12,196us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | 5,930us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
Cash provided by (used) in financing activities | 842,165us-gaap_NetCashProvidedByUsedInFinancingActivities | (161,597)us-gaap_NetCashProvidedByUsedInFinancingActivities | (68,443)us-gaap_NetCashProvidedByUsedInFinancingActivities |
Effect of exchange rate changes on cash and cash equivalents | (2,751)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 143us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (539)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
Net (decrease) increase in cash and cash equivalents | (52,171)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 64,553us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 7,665us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents at beginning of year | 77,393us-gaap_CashAndCashEquivalentsAtCarryingValue | 12,840us-gaap_CashAndCashEquivalentsAtCarryingValue | 5,175us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents at end of year | 25,222us-gaap_CashAndCashEquivalentsAtCarryingValue | 77,393us-gaap_CashAndCashEquivalentsAtCarryingValue | 12,840us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental disclosures of cash flow information: | |||
Interest, net of amounts capitalized | 4,149us-gaap_InterestPaidNet | 5,428us-gaap_InterestPaidNet | 10,559us-gaap_InterestPaidNet |
Income taxes | 15,918us-gaap_IncomeTaxesPaidNet | 13,971us-gaap_IncomeTaxesPaidNet | 15,781us-gaap_IncomeTaxesPaidNet |
Litigation settlement charges | 0us-gaap_PaymentsForLegalSettlements | 0us-gaap_PaymentsForLegalSettlements | 10,000us-gaap_PaymentsForLegalSettlements |
Sauflon [Member] | |||
Supplemental disclosures of cash flow information: | |||
Fair value of assets acquired | 1,305,828us-gaap_FairValueOfAssetsAcquired / us-gaap_BusinessAcquisitionAxis = coo_SauflonMember |
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Cash paid, net of cash acquired | (1,063,077)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired / us-gaap_BusinessAcquisitionAxis = coo_SauflonMember |
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Loan notes issued | (57,954)us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred / us-gaap_BusinessAcquisitionAxis = coo_SauflonMember |
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Liabilities assumed | 184,797us-gaap_LiabilitiesAssumed1 / us-gaap_BusinessAcquisitionAxis = coo_SauflonMember |
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Business Combination, Consideration Transferred | $ 1,130,000us-gaap_BusinessCombinationConsiderationTransferred1 / us-gaap_BusinessAcquisitionAxis = coo_SauflonMember |
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- Definition
Litigation Settlement Charges, Noncash No definition available.
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- Definition
Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities incurred by the acquirer as part of consideration transferred in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of assets acquired in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of liabilities assumed in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities). No definition available.
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- Definition
The amount of cash paid for the settlement of litigation or for other legal issues during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow during the period for redemption of redeemable noncontrolling interests. No definition available.
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the amounts received by the insured under the terms of an insurance contract settlement. This element pertains only to insurance proceeds related to investments, for example fixed assets. It excludes insurance settlements classified as operating cash flows. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow in other borrowings not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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