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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Document Period End Date Jun. 29, 2019  
Cash flows from operating activities:    
Consolidated net income (loss) $ (405,337) $ 310,910
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used for) operations:    
Depreciation and amortization 94,508 93,669
Amortization of stock-based compensation 27,629 25,662
Equity in losses of affiliated companies 1,085 156
Deferred income taxes (71,846) 12,706
impairments 697,993 0
(Gain) loss on investments, net (6,738) 5,015
Other 11,956 5,605
Change in assets and liabilities, net of effects of acquired and disposed businesses:    
Accounts receivable 895,553 (73,647)
Inventories 278,142 (499,917)
Accounts payable (1,346,176) (240,725)
Accrued expenses (71,394) (516)
Other assets and liabilities (28,956) (123,767)
Net cash provided by (used for) operating activities 76,419 (484,849)
Cash flows from investing activities:    
Cash consideration paid for acquired businesses, net of cash acquired 0 (331,563)
Proceeds from disposition of businesses 9,460 34,291
Acquisition of property, plant, and equipment (81,636) (66,551)
Other 2,940 (8,000)
Net cash used for investing activities (69,236) (371,823)
Cash flows from financing activities:    
Change in short-term and other borrowings (173,356) 59,613
Proceeds from long-term bank borrowings, net 118,977 759,334
Redemption of notes 0 (300,000)
Proceeds from exercise of stock options 9,622 5,985
Repurchases of common stock (200,924) (72,551)
Other (147) (156)
Net cash provided by (used for) financing activities (245,828) 452,225
Effect of exchange rate changes on cash (693) 4,883
Net decrease in cash and cash equivalents (239,338) (399,564)
Cash and cash equivalents at beginning of period 509,327 730,083
Cash and cash equivalents at end of period $ 269,989 $ 330,519