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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net earnings $ 337,500 $ 368,086 $ 350,784
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 318,552 297,710 275,461
Amortization 34,195 31,348 29,845
Deferred income taxes 27,190 32,841 (6,869)
Gain on sales of plant and equipment (5,033) (3,137) (1,264)
Stock-based compensation expense 27,757 30,027 28,961
Loss on the extinguishment of debt 0 0 9,150
Changes in assets and liabilities, excluding effects of business acquisitions and divestitures:      
Trade receivables, net 42,867 (925) 20,030
Inventories, net 18,983 5,091 2,291
Prepaid expenses and other current assets (8,753) (31,935) 41,408
Accounts payable, trade (42,852) 4,954 4,732
Accrued expenses and other current liabilities (3,590) (3,377) (4,463)
Other, net (2,881) (12,646) (5,206)
Net cash provided by operating activities 743,935 718,037 744,860
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (456,899) (468,789) (354,587)
Proceeds from sales of plant and equipment 25,521 23,083 15,483
Business acquisitions and holdback settlements (101,704) (51,382) (203,529)
Other, net 2,556 325 (951)
Net cash used in investing activities (530,526) (496,763) (543,584)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in short-term debt 55,756 (62,776) 387,352
Proceeds from borrowings of long-term debt 472,659 317,423 135,861
Repayment of long-term debt (266,414) (415,907) (636,587)
Financing costs 3,311 5,445 0
Premium paid on redemption of senior subordinated notes 0 0 (7,676)
Purchase of treasury stock (374,706) 0 (8,127)
Proceeds from the exercise of stock options 49,521 54,280 38,310
Stock issued for the Employee Stock Purchase Plan 19,615 17,940 17,313
Excess tax benefit realized from the exercise of stock options 13,522 16,045 13,668
Dividends paid to stockholders (175,384) (164,517) (141,461)
Change in cash overdraft and other 418 2,846 (16,754)
Net cash used in financing activities (208,324) (240,111) (218,101)
Change in cash 5,085 (18,837) (16,825)
Cash - Beginning of period 50,724 69,561 86,386
Cash - End of period $ 55,809 $ 50,724 $ 69,561