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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Cash flows from operating activities:    
Consolidated net income $ 139,870 $ 116,319
Adjustments to reconcile consolidated net income to net cash used for operations:    
Depreciation and amortization 47,247 37,141
Amortization of stock-based compensation 12,994 11,575
Equity in earnings (losses) of affiliated companies 673 (925)
Deferred income taxes (2,818) 13,938
Other 5,917 1,445
Change in assets and liabilities, net of effects of acquired and disposed businesses:    
Accounts receivable 789,843 948,621
Inventories (260,620) (38,185)
Accounts payable (691,818) (982,355)
Accrued expenses (22,087) (93,865)
Other assets and liabilities (94,278) (34,599)
Net cash used for operating activities (75,077) (20,890)
Cash flows from investing activities:    
Cash consideration paid for acquired businesses (331,467) 0
Proceeds from disposition businesses 34,291 0
Acquisition of property, plant, and equipment (34,735) (62,118)
Proceeds from sale of property, plant, and equipment 0 7,886
Other (4,500) 0
Net cash used for investing activities (336,411) (54,232)
Cash flows from financing activities:    
Change in short-term and other borrowings (18,382) 76,402
Proceeds from long-term bank borrowings, net 601,386 62,500
Redemption of notes (300,000) 0
Proceeds from exercise of stock options 4,992 17,259
Repurchases of common stock (52,513) (68,847)
Purchase of shares from noncontrolling interest 0 (23,350)
Net cash provided by financing activities 235,483 63,964
Effect of exchange rate changes on cash (5,434) (1,600)
Net increase in cash and cash equivalents (181,439) (12,758)
Cash and cash equivalents at beginning of period 730,083 534,320
Cash and cash equivalents at end of period $ 548,644 $ 521,562