XML 24 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net earnings $ 616,986 $ 532,254 $ 349,291
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Restructuring 33,085 16,497 69,489
Loss on sale of discontinued operation 0 0 12,478
Loss on sale of subsidiary 0 11,954 0
Depreciation and amortization 362,647 345,570 308,871
Deferred income taxes (28,883) (24,026) (62,525)
Loss on extinguishment of debt 0 20,001 0
Loss on disposal of property, plant and equipment 3,007 2,153 1,261
Stock-based compensation expense 32,552 27,961 18,311
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables, net (14,383) (107,705) (96,313)
Inventories 6,400 (67,016) (20,211)
Accounts payable and accrued expenses 783 (49,204) (23,921)
Other assets and prepaid expenses (75,813) (30,376) (6,554)
Other liabilities (24,508) (15,875) (25,014)
Net cash provided by operating activities 911,873 662,188 525,163
Cash flows from investing activities:      
Additions to property, plant and equipment (503,657) (561,804) (366,550)
Acquisitions, net of cash acquired (1,370,567) 19 (443,466)
Net change in cash from sale of subsidiary 0 (3,867) 0
Net cash used in investing activities (1,874,224) (565,652) (810,016)
Cash flows from financing activities:      
Payments on Senior Credit Facilities (1,376,082) (1,613,484) (3,021,613)
Proceeds from Senior Credit Facilities 1,315,930 1,448,191 3,229,503
Payments on Commercial Paper (15,934,767) (7,424,751) 0
Proceeds from Commercial Paper 16,402,507 7,726,351 0
Repayment of senior notes 0 (254,445) 0
Proceeds from asset securitization borrowings 0 200,000 20,000
Proceeds from senior note issuance 564,653 0 600,000
Payments on other debt 0 (55,358) (1,745)
Payments on acquired debt and other financings (9,530) (42,954) (964,557)
Debt issuance costs (7,109) 0 (7,669)
Debt extinguishment costs 0 (18,921) 0
Distribution to non-controlling interest 0 (1,087) 0
Change in outstanding checks in excess of cash (2,052) (1,920) (7,468)
Proceeds and net tax benefit from stock transactions 10,533 12,828 46,776
Net cash provided by (used in) financing activities 964,083 (25,550) (106,773)
Effect of exchange rate changes on cash and cash equivalents (17,917) (27,175) (31,980)
Net change in cash and cash equivalents (16,185) 43,811 (423,606)
Cash and cash equivalents, beginning of year 97,877 54,066 477,672
Cash and cash equivalents, end of year $ 81,692 $ 97,877 $ 54,066