XML 64 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Statement of Cash Flows [Abstract]    
Document Fiscal Year Focus 2013  
Debt Instrument, Unamortized Discount $ 13,387  
Cash flows from operating activities:    
Net income before attribution of noncontrolling interests 66,528 348,608
Restructuring payments (41,353) (60,746)
Special pension plan contributions 0 (95,000)
Tax payments related to sale of leveraged lease assets 0 99,249
Adjustments to reconcile net income to net cash provided by operating activities:    
Goodwill impairment 101,415 18,315
Estimated loss on disposal of business 35,315 0
Gain on sale of leveraged lease assets, net of tax 0 (12,886)
Proceeds from settlement of derivative instruments 4,838 0
Depreciation and amortization 167,377 191,507
Stock-based compensation 12,061 13,505
Restructuring charges and asset impairments 55,771 11,060
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivables 111,549 58,135
(Increase) decrease in finance receivables 128,812 144,442
(Increase) decrease in inventories 36,967 (7,620)
(Increase) decrease in other current assets and prepayments (13,588) (20,426)
Increase (decrease) in accounts payable and accrued liabilities (192,373) (157,156)
Increase (decrease) in current and non-current income taxes 11,861 38,761
Increase (decrease) in advance billings (23,179) (1,551)
Increase (decrease) in other operating capital, net 31,559 34,929
Net cash provided by operating activities 493,560 404,628
Cash flows from investing activities:    
Short-term and other investments 2,162 (23,250)
Capital expenditures (103,392) (127,816)
Proceeds from sale of leveraged lease assets 0 105,506
Net investment in external financing (1,609) (134)
Proceeds from Divestiture of Businesses 2,627 0
Reserve account deposits (16,962) (15,373)
Net cash (used in) provided by investing activities (117,174) (61,067)
Cash flows from financing activities:    
Proceeds from the issuance of long-term obligations, net of fees and discounts of $13,387 411,613 0
Principal payments of long-term obligations 779,637 550,000
Proceeds from the issuance of common stock under employee stock-based compensation plans (6,499) (6,989)
Dividends paid to stockholders (150,955) (225,282)
Dividends paid to noncontrolling interests 9,188 9,188
Net cash used in financing activities (521,668) (777,481)
Effect of exchange rate changes on cash and cash equivalents (8,358) 2,471
Decrease in cash and cash equivalents (153,640) (431,449)
Cash and cash equivalents at beginning of period 913,276 856,238
Cash and cash equivalents at end of period 759,636 424,789
Cash interest paid 162,938 170,119
Cash income tax payments, net of refund $ 110,396 $ 145,090