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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Cash flows from operating activities:    
Consolidated net income $ 310,910 $ 216,966
Adjustments to reconcile consolidated net income to net cash used for operations:    
Depreciation and amortization 93,669 74,522
Amortization of stock-based compensation 25,662 21,391
Equity in (earnings) losses of affiliated companies 156 (1,649)
Loss on extinguishment of debt 0 58,759
Deferred income taxes 12,706 11,825
Other 10,622 5,208
Change in assets and liabilities, net of effects of acquired and disposed businesses:    
Accounts receivable (73,647) 419,229
Inventories (499,917) (149,945)
Accounts payable (240,725) (601,708)
Accrued expenses (516) (90,332)
Other assets and liabilities (123,769) (97,376)
Net cash used for operating activities (484,849) (133,110)
Cash flows from investing activities:    
Cash consideration paid for acquired businesses, net of cash acquired (331,563) (2,534)
Proceeds from disposition businesses 34,291 0
Acquisition of property, plant, and equipment (66,551) (101,906)
Proceeds from sale of property, plant, and equipment 0 24,433
Other (8,000) (3,000)
Net cash used for investing activities (371,823) (83,007)
Cash flows from financing activities:    
Change in short-term and other borrowings 59,613 40,274
Proceeds from long-term bank borrowings, net 759,334 241,818
Proceeds from note offering, net 0 494,625
Redemption of notes (300,000) (558,100)
Proceeds from exercise of stock options 5,985 20,697
Repurchases of common stock (72,551) (123,663)
Purchase of shares from noncontrolling interest 0 (23,350)
Other (156) (945)
Net cash provided by financing activities 452,225 91,356
Effect of exchange rate changes on cash 4,883 10,359
Net decrease in cash and cash equivalents (399,564) (114,402)
Cash and cash equivalents at beginning of period 730,083 534,320
Cash and cash equivalents at end of period $ 330,519 $ 419,918