XML 44 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
OPERATING ACTIVITIES:    
Net income $ 75,222 $ 65,315
Adjustments to reconcile net income to net cash provided by operating activities:    
Change in fair value of contingent consideration 0 1,204
Stock compensation expense 4,047 4,085
Excess tax benefit of stock options exercised (4,203) (5,061)
Depreciation 14,846 12,739
Amortization 6,642 4,979
Deferred income taxes 10,407 11,921
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Accounts receivable (19,769) (14,493)
Accounts payable 1,012 2,101
Accrued liabilities 6,618 12,623
Deferred revenues (1,345) 1,029
Other assets and liabilities 4,693 3,119
Net cash provided by operating activities 98,170 99,561
INVESTING ACTIVITIES:    
Payments for acquisitions, net of cash acquired (18,899) (28,182)
Proceeds from/ (purchase of) short-term investments 20 (2)
Capital expenditures (16,480) (17,049)
Net cash used in investing activities (35,359) (45,233)
FINANCING ACTIVITIES:    
Repayment of long-term debt and other obligations (9,996) (8,275)
Borrowings on foreign bank debt 27,651 4,641
Repayments on foreign bank debt (62,027) (4,937)
Borrowings on senior credit facility 291,132 185,434
Repayments on senior credit facility (337,683) (238,290)
Payments on capital lease obligations (837) (640)
Purchase and cancellation of treasury stock (7,160) (2,945)
Proceeds from other issuance of common stock 13,915 12,494
Excess tax benefit of stock options exercised 4,203 5,061
Net cash used in financing activities (80,802) (47,457)
Effect of exchange rate changes on cash and cash equivalents (611) 880
Net (decrease)/ increase in cash and cash equivalents (18,602) 7,751
Cash and cash equivalents at beginning of period 31,324 22,511
Cash and cash equivalents at end of period 12,722 30,262
NON-CASH ACTIVITIES:    
Net issuance of obligations for acquisitions $ 10,454 $ 14,883