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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows provided by (used in) operating activities:    
Net income $ 316,253 $ 274,049
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 201,912 185,968
Rationalization charges 7,533 13,026
Stock compensation expense 12,917 15,605
Loss on early extinguishment of debt 1,481 883
Other changes that provided (used) cash, net of effects from acquisitions:    
Trade accounts receivable, net (459,131) (415,331)
Inventories (92,181) (78,738)
Trade accounts payable (165,717) 62,303
Accrued liabilities 64,458 (33,488)
Other, net (5,047) (30,055)
Net cash used in operating activities (117,522) (5,778)
Cash flows provided by (used in) investing activities:    
Purchase of businesses, net of cash acquired (1,333) (718,430)
Capital expenditures (162,271) (172,994)
Other, net 1,993 2,234
Net cash used in investing activities (161,611) (889,190)
Cash flows provided by (used in) financing activities:    
Borrowings under revolving loans 813,628 1,155,199
Repayments under revolving loans (290,327) (248,310)
Proceeds from issuance of long-term debt 6,042 499,725
Repayments of long-term debt (300,314) (500,000)
Changes in outstanding checks - principally vendors (225,863) (84,216)
Dividends paid on common stock (54,325) (47,030)
Debt issuance costs 0 (4,909)
Repurchase of common stock (39,402) (8,573)
Net cash (used in) provided by financing activities (90,561) 761,886
Effect of exchange rate changes on cash and cash equivalents (18,136) (5,832)
Cash and cash equivalents:    
Net decrease (387,830) (138,914)
Balance at beginning of year 631,439 409,481
Balance at end of period 243,609 270,567
Interest paid, net 91,037 79,107
Income taxes paid, net $ 66,959 $ 79,812