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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 217,766 $ 187,660
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 25,330 26,413
Amortization of intangible assets 32,952 33,282
Amortization of debt issuance expenses 1,290 1,275
Share-based compensation expense 16,445 13,464
Deferred income taxes (5,170) 1,184
Excess tax benefit from share-based compensation (5,360) (6,897)
Non-cash interest expense associated with forward starting swaps 5,432 5,587
Changes in:    
Receivables (21,394) 2,954
Inventories (17,888) 2,644
Other current assets (2,570) 7,381
Trade accounts payable 2,188 13,209
Accrued expenses 19,069 11,062
Other — net (1,507) 692
Net cash flows provided by operating activities 266,583 299,910
Cash flows from investing activities    
Cash purchases of property, plant and equipment (33,820) (23,140)
Acquisition of businesses, net of cash acquired (25,442) (36,849)
Other — net (52) (217)
Net cash flows used in investing activities (59,314) (60,206)
Cash flows from financing activities    
Borrowings under revolving facilities 105,014 63,074
Payments under revolving facilities (46,780) (67,009)
Dividends paid (63,525) (53,957)
Proceeds from stock option exercises 13,787 29,838
Excess tax benefit from share-based compensation 5,360 6,897
Purchase of common stock (146,042) (137,272)
Unvested shares surrendered for tax withholding (4,903) (1,781)
Other 0 (3,181)
Net cash flows used in financing activities (137,089) (163,391)
Effect of exchange rate changes on cash and cash equivalents (22,743) 4,628
Net increase in cash 47,437 80,941
Cash and cash equivalents at beginning of year 439,629 318,864
Cash and cash equivalents at end of period 487,066 399,805
Cash paid for:    
Interest 16,525 17,431
Income taxes $ 91,625 $ 48,161