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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Cash flows from operating activities:    
Consolidated net income $ 351,429 $ 359,765
Adjustments to reconcile consolidated net income to net cash provided by operations:    
Depreciation and amortization 113,096 121,516
Amortization of stock-based compensation 30,301 29,783
Equity in earnings of affiliated companies (2,865) (5,394)
Loss on extinguishment of debt (59,545) 0
Deferred income taxes 13,262 30,191
Loss on investment, net 14,250 0
Other 7,415 4,464
Change in assets and liabilities, net of effects of acquired businesses:    
Accounts receivable (59,084) 335,455
Inventories (255,820) (117,674)
Accounts payable (113,804) (513,365)
Accrued expenses (41,810) (102,915)
Other assets and liabilities (114,136) (1,121)
Net cash provided by operating activities 1,779 140,705
Cash flows from investing activities:    
Cash consideration paid for acquired businesses (3,628) (68,946)
Acquisition of property, plant, and equipment (149,597) (126,341)
Proceeds from sale of property, plant, and equipment 24,433 0
Other (2,467) (12,000)
Net cash used for investing activities (131,259) (207,287)
Cash flows from financing activities:    
Change in short-term and other borrowings (14,423) 31,941
Proceeds from (repayments of) long-term bank borrowings, net (82,766) 320,000
Proceeds from note offering, net 987,144 0
Redemption of notes (555,886) 0
Proceeds from exercise of stock options 21,423 16,686
Repurchases of common stock (149,125) (167,178)
Purchase of shares from noncontrolling interest (23,350) 0
Other (1,620) (3,000)
Net cash provided by financing activities 181,397 198,449
Effect of exchange rate changes on cash (1,898) (20,542)
Net increase in cash and cash equivalents 50,019 111,325
Cash and cash equivalents at beginning of period 534,320 273,090
Cash and cash equivalents at end of period $ 584,339 $ 384,415