XML 43 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 30, 2013
Mar. 31, 2012
Operating activities:    
Net earnings $ 110,728 $ 163,412
Adjustments:    
Depreciation 130,425 131,338
Amortization 19,048 16,584
Stock-based compensation 6,035 6,835
Deferred income taxes 11,183 (21,897)
Distribution from affiliates 6,708  
Equity in losses of unconsolidated affiliates 1,172 6,674
Changes in assets and liabilities (exclusive of acquisitions):    
Accounts receivable (90,688) (74,627)
Inventories (63,222) (263,153)
Accounts payable (175) 222,847
Federal income taxes 11,654 73,281
Salaries, wages and related accruals (74,206) (119,116)
Other 60,149 59,641
Cash provided by operating activities 128,811 201,819
Investing activities:    
Capital expenditures (330,585) (161,497)
Investment in and advances to affiliates (20,678) (38,441)
Repayment of advances to affiliates 7,500  
Disposition of plant and equipment 2,958 7,953
Acquisitions (net of cash acquired)   (58,848)
Purchases of investments   (185,073)
Proceeds from the sale of investments 73,428 349,729
Proceeds from the sale of restricted investments 148,725 38,350
Changes in restricted cash (20,135) (38,707)
Cash used in investing activities (138,787) (86,534)
Financing activities:    
Net change in short-term debt 12,512 6,158
Issuance of common stock   5,876
Excess tax benefits from stock-based compensation 500 5,200
Distributions to noncontrolling interests (34,594) (39,857)
Cash dividends (117,618) (116,325)
Other financing activities 109 357
Cash used in financing activities (139,091) (138,591)
Effect of exchange rate changes on cash (1,095) 2,475
Decrease in cash and cash equivalents (150,162) (20,831)
Cash and cash equivalents - beginning of year 1,052,862 1,200,645
Cash and cash equivalents - end of three months 902,700 1,179,814
Non-cash investing activity:    
Change in accrued plant and equipment purchases $ (24,590) $ 5,832