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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities:    
Consolidated net income $ 49,755 $ 142,414
Adjustments to reconcile consolidated net income to net cash provided by (used for) operations:    
Depreciation and amortization 47,110 47,526
Amortization of stock-based compensation 13,920 19,090
Equity in (earnings) losses of affiliated companies (530) 1,467
Deferred income taxes 32,613 6,968
(Gain) loss on investments, net 16,810 (5,348)
Other (205) 5,575
Change in assets and liabilities, net of effects of acquired and disposed businesses:    
Accounts receivable 558,605 949,989
Inventories 133,392 134,402
Accounts payable (343,051) (1,540,008)
Accrued expenses (31,326) (50,292)
Other assets and liabilities (10,228) (40,782)
Net cash provided by (used for) operating activities 466,865 (328,999)
Cash flows from investing activities:    
Acquisition of property, plant, and equipment (27,971) (33,815)
Other (5,466) 2,940
Net cash used for investing activities (33,437) (30,875)
Cash flows from financing activities:    
Change in short-term and other borrowings (84,354) (107,244)
Proceeds from (repayments of) long-term bank borrowings, net (288,577) 335,023
Proceeds from exercise of stock options 1,980 6,931
Repurchases of common stock (158,989) (53,925)
Net cash provided by (used for) financing activities (529,940) 180,785
Effect of exchange rate changes on cash (2,593) 21,661
Net decrease in cash and cash equivalents (99,105) (157,428)
Cash and cash equivalents at beginning of period 300,103 509,327
Cash and cash equivalents at end of period $ 200,998 $ 351,899