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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 54,228 $ 69,463
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 20,209 15,200
Amortization 15,364 2,379
Amortization of deferred financing costs 1,196 0
Deferred income taxes 3,690 1,220
Share based compensation expense 4,222 4,668
Restructuring and other costs - non-cash 1,165 0
Stock option income tax benefit (3,879) (4,371)
Net interest expense on derivatives with an other-than-insignificant financing element 800 723
Equity in earnings from unconsolidated affiliates 4,248 824
Other non-cash expense 1,079 1,082
Changes in operating assets and liabilities, net of acquisitions:    
Accounts and notes receivable-trade, net (25,597) (28,706)
Inventories, net (34,006) (14,727)
Prepaid expenses and other current assets (24,072) (5,745)
Other noncurrent assets, net 15,954 1,123
Accounts payable 11,528 5,569
Accrued liabilities (21,186) (15,861)
Income taxes payable 10,545 11,516
Other noncurrent liabilities (15,535) 371
Net cash provided by operating activities 19,953 44,728
Cash flows from investing activities:    
Capital expenditures (18,642) (11,774)
Cash paid for acquisitions of businesses, net of cash acquired 0 (5,582)
Expenditures for identifiable intangible assets (146) (254)
Purchase of Company-owned life insurance policies (1,577) 0
Proceeds from sale of property, plant and equipment, net 166 52
Net cash used in investing activities (20,199) (17,558)
Cash flows from financing activities:    
Net change in short-term borrowings 11,155 3,403
Cash paid for treasury stock (30,869) (73,679)
Cash dividends paid (7,847) (7,131)
Cash paid for contingent consideration on prior acquisitions (1,781) 0
Cash paid for acquisition of noncontrolling interests of consolidated subsidiaries 0 (15,545)
Proceeds from long-term borrowings 4,571 51,100
Repayments on long-term borrowings (5,171) (1,951)
Proceeds from exercise of stock options 14,483 22,171
Excess tax benefits from share based compensation 3,879 4,371
Net interest payments on derivatives with an other-than-insignificant financing element (800) (723)
Net cash used in financing activities (12,380) (17,984)
Effect of exchange rate changes on cash and cash equivalents 2,844 26,040
Net decrease in cash and cash equivalents (9,782) 35,226
Cash and cash equivalents at beginning of period 77,128 540,038
Cash and cash equivalents at end of period $ 67,346 $ 575,264