XML 56 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:      
Net income $ 365,594 $ 277,051 $ 488,765
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and other impairment charges 464,543 566,357 521,923
Provision for doubtful accounts 2,029 6,643 30,330
Non-cash other income (20,753) (52,408) (33,563)
Stock-based compensation 40,439 34,529 48,454
Deferred income taxes and other non-cash income taxes (36,261) (32,647) (1,022)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (592,346) 519,140 (30,249)
Inventories (758,846) 596,131 301,053
Other current and noncurrent assets (165,760) 61,567 29,683
Accounts payable 1,117,449 (671,424) (750,169)
Other current and noncurrent liabilities 800,372 (189,509) 199,063
Net cash provided by operating activities 1,216,460 1,115,430 804,268
Cash flows from investing activities:      
Purchases of property and equipment (609,643) (488,993) (437,191)
Proceeds from the disposition of property and equipment 94,640 53,665 49,187
Acquisition of businesses, net of cash acquired (238,031) (184,097) (92,257)
Proceeds from divestitures of operations, net 4,599 22,585 1,398
Other investing activities, net (35,497) (100,359) (2,501)
Net cash provided by (used in) investing activities (783,932) (697,199) (481,364)
Cash flows from financing activities:      
Proceeds from bank borrowings and long-term debt 1,066,653 1,250,213 2,833,704
Repayments of bank borrowings and long-term debt and capital lease obligations (537,580) (391,859) (2,389,121)
Payments for early retirement of long-term debt (544,840) (1,000,000) (480,000)
Payments for repurchases of ordinary shares (475,314) (322,040) (509,800)
Proceeds from exercise of stock options 28,140 22,257 23,055
Other financing activities, net 52,149 101,851  
Net cash provided by (used in) financing activities (410,792) (339,578) (522,162)
Effect of exchange rates on cash (15,095) (9,895) (30,884)
Net change in cash and cash equivalents 6,641 68,758 (230,142)
Cash and cash equivalents, beginning of year 1,587,087 1,518,329 1,748,471
Cash and cash equivalents, end of year $ 1,593,728 $ 1,587,087 $ 1,518,329